Re:Three Arrows Capital co-founder Zhu arrested in Singapore...
by rrdharan on Friday September 29, 2023 @05:07PM
(#37710084)
> preserving the rights that we have with cash in the digital realm
I think it goes quite a bit beyond that, or rather, the digital and physical realm are not mere 1:1 mirror images of each other.
For example in the physical realm it is really difficult to move millions of dollars of cash from one place to another particularly across prominent geographic or national boundaries (oceans, mountains, countries); the difficulty scales with the amount. Do people have this "right"? Sure, I guess, but in practice and as history has shown us, they've never been able to exercise it.
It's more or less trivial to move huge sums with crypto.
Re:Three Arrows Capital co-founder Zhu arrested in Singapore...
by tkz1312 on Friday September 29, 2023 @05:21PM
(#37710223)
Certainly they are not 1-1 the same. Cash has better privacy properties, crypto lets you move large sums more easily.
In general, when it comes to a monetary technology, I view being able to quickly and easily make transfers as a feature not a bug.
Re:Three Arrows Capital co-founder Zhu arrested in Singapore...
by mvdtnz on Saturday September 30, 2023 @01:17AM
(#37712946)
What reports?
Either way I actually don’t care that much, I think access to the financial system is a human right, and not one that governments or US corporates should be able to arbitrarily remove. Crypto is the only thing we have that is remotely close to preserving the rights that we have with cash in the digital realm, and that makes it OK in my book.