Re:You Do Not Need Blockchain: Popular Use Cases and Why The...
by yieldcrv on Tuesday March 18, 2025 @03:54PM
(#43404220)
My country is a democracy does not have limitations on how much money can move in or out of the country, so already I would not be able to relate to you on your quotes.
But there are many reporting aspects, and scrutiny of various transaction methods at certain amounts, scrutiny which can cause delays and seizures. Crypto gets around those too.
Remember: freedom for the people is authoritarianism to the monied and powerful[0]; and vice versa, the only freedom they care about is the one where they get to put us in chains.
Capital controls make the powerful accountable to democracy, because we're not letting them take their toys and go home. The obsolescence of such controls does not bring about more freedom for us. It just means the rich and powerful can play a shell game with the people.
[0] A pleonasm, I know.