Yarn.social Online Meetup 25th May (See: #fcghsma for details)
In-reply-to » I see I'm not doing any work today, so rest day. Watching YouTube day.


No institution can give an order to block your transactions! Even if you’re bank account is blocked, you can still trade with crypto! That’s at least one of the reasons it has value!

You’re literally trying to say that if your community has decided that you should not have access to certain funds, you should be empowered to thwart that decision. A profoundly anti-social stance to take.

Because that’s the notion here. Banks can’t legally decide that you no longer have access to your funds. You have a right to those funds that is protected by law. Legal authorities in some cases can restrict your access to your funds, but there is a reason and purpose to that, and in theory that reason and purpose is protection of the community. Yes I know I’m being simplistic, but the alternative is to take the extreme libertarian view that these institutions are all broken and hostile beyond hope, we should resist them at all costs, everyone else be damned. To me that’s far more simplistic, naive, and dangerous than believing that these institutions approximate the ideals we have for them and can be improved through time.

And honestly, if that’s your worry–that a bank would restrict your access to your money–why in the actual FUCK would you think that cryptocurrency gives you better access? Get a bunch of cash, bonds, and prepaid debit cards and bury it all in your backyard. That’s far better.

I’ve talked to many people who are enthusiastic about cryptocurrency, and almost to a one I find that they have a limited understanding of how actual currencies work. I’d urge you to read up on how banks work, how fiat currencies work, etc., before saying stuff like this.

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