1563
Get your vote in now!!
(lemmy.world)
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this post was submitted on 02 Jun 2024
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Ah, that all makes sense. I live in the US, so I'm looking at it from that lens.
Agreed, but this is a thorny problem. Clearly the government has a legitimate cause to freeze some assets in some cases (obvious example: US govt freezing Osama bin Laden's accounts). This becomes an abuse-of-power question, then. Unfortunately, we as humanity don't have a good answer to it.
Technically, Russia would be second world :)
I do think cryptocurrencies fall short of the promise/hype with the exchange problem -- either there's a big bank-like clearinghouse that the government can target with freeze orders, or you're in "You have to know a guy who knows a guy" territory when it comes time to actually use the cryptocurrency. I can't pay my mortgage by transferring Bitcoin or Ethereum to my bank.