Re:Having a safe CEX: proof of solvency and beyond
by dmitriid on Monday November 21, 2022 @12:02PM
(#33694875)
"Not if your country is under tyrannical or authoritarian rule and disallows access to basic financial services for some arbitrary reason." became "flee Brazil or Russia with financial assets".
Why is it that "we're providing basic financial services to the unwashed and huddled poor masses of the unbanked" always becomes "move large amounts of money from one jurisdiction to another without any government control look Russia Brazil" (but in reality international monetary fraud).
Re:Having a safe CEX: proof of solvency and beyond
by siftrics on Monday November 21, 2022 @12:11PM
(#33694989)
Moving large amounts of money IS basic financial services.
Would you argue Jews should leave all their money behind in Nazi Germany when fleeing?
By your logic, Nazi Germany should have the right to inspect and disallow the transfer.
Just because it is a government making an arbitrary decision, that doesn't make it morally right.
Re:Having a safe CEX: proof of solvency and beyond
by dmitriid on Monday November 21, 2022 @02:27PM
(#33696758)
> By your logic, Nazi Germany
Mmm. Godwin's Law. I haven't seen one in the wild for a loooong time.
Re:Having a safe CEX: proof of solvency and beyond
by siftrics on Monday November 21, 2022 @03:46PM
(#33697692)
Well what is your rebuttal?
False. It doesn't require always-on internet.
False. It doesn't require offline currency exchanges.
Try fleeing Brazil or Russia with significant amounts of cash. Either you cannot do it through legacy banking systems, or you cannot do it in real life with cash, or you have to pay an extortionist bribe in real life.