@lanodan @BallsackGyroper1488 @apropos > Cryptocurrencies have the exact same issues as cash there
Cash is a physical thing that can be taken away. Transporting physical cash across borders can be hard, but not transporting a cryptocurrency. And lastly, if you're holding a pile of cash, it's obvious who has that cash; this doesn't work with cryptocurrencies. So asset forfeiture, the way it works now, can't actually work: it's difficult to prove who owns it or where it is, and transportation is instantaneous.
> And cryptocurrencies are most of the time much worse than cash as you don't get a massive world power for the stability
You don't get that guarantee with any commodity; the worth is what you can get for it.
Further, massive world powers have demonstrated, especially in the last few years, that they cannot be trusted to maintain the stability. You have even less of a guarantee with them. I see "No state involvement" as a benefit. Taxes are used to fund wars, since the very beginning of taxes. (A relatively modern innovation was maintaining the taxes during peacetime to provide bread and occasionally circuses: no one complains that the taxes are still collected and people come to rely on the benefits.)
> they're effectively corporation-baked money
So's a mutual fund, but in this case, it's not so much a corporation as a large group of people that are willing to use it as a medium of exchange.
> you might as well use things like gift cards or directly gifting some goods, where asserting trust is often much simpler.
I trust math and hackers more than I trust a government or a corporation. Previously:
weirdhackers.png