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A comment on US SEC sues Coinbase, one day after suing Binance. Parent comment

Re:US SEC sues Coinbase, one day after suing Binance by whimsicalism on Tuesday June 06, 2023 @12:59PM (#36215801)
Yes, evading capital controls is illegal, part of the informal economy in large parts of the world, and very helpful to many people.

I also think there are useful legal uses, but yes - where crypto has the best comparative advantage is when people are trying to circumvent harmful laws. Not every country is a (relatively) well-run procedural democracy. Crypto helps people route around that.

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Re:US SEC sues Coinbase, one day after suing Binance by throw9away6 on Tuesday June 06, 2023 @01:19PM (#36216076)
Also in low trust transactions. Often you have low trust buyers that need to pay via irreversible transactions and crypto is cheaper and more secure
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