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Re:Binance US No Longer Allows USD Withdrawal for Users by mrguyorama on Wednesday October 18, 2023 @03:37PM (#37933680)
Okay, but why is it valueable or useful for us to boost up a financial system whose entire purpose is to bypass any form of non-violent geopolitics. Do you know what happens when you make things like sanctions less effective? You remove one of the only tools for countries to work through the serious disputes that doesn't involve literally shooting each other.
Re:Binance US No Longer Allows USD Withdrawal for Users by philwelch on Wednesday October 18, 2023 @08:18PM (#37936614)
The sanctions were already ineffective, but that’s neither here nor there because none of my examples involve actual, official sanctions. Most of my examples involved people working around their own domestic governments. Even when it comes to Visa and MasterCard locking out Russians, that was, officially at least, purely on the initiative of those two companies rather than any formal economic sanction.