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Big Crypto Is Spending More on US Elections Than Any Other Industry
(www.businessinsider.com)
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this post was submitted on 26 Aug 2024
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We'll find that use case any day now. The one that isn't enabling crime, that is.
Yeah that's pretty much the only solid purpose crypto has as of now. But the technology itself is cool.
Define enabling crime.
Is payment for private VPN enabling crime? Is sending money to and from relatives in sanctioned jurisdictions enabling crime? Is supporting opposition leaders enabling crime?
Yes. Literally yes. What the fuck do you think a sanctioned jurisdiction is?
Well then I'll be a criminal for caring about my close ones.
If you believe that it's a moral good to break those laws, that's fine. But that's not the argument you were making.
Fair enough, I digressed.
Though between our countries, no law prohibits me to send crypto to each other, so here it is not criminal activity. Operating such transactions in fiat is what falls under scrutiny.
A VPN has uses outside of criminal activities.
Crypto gets perpetuated through them.
Most crypto is not associated with criminal activity.
Crypto enables freedom, and yes, criminals are kinda into freedom. Imagine cash has never existed and try to pitch that. It would never make it past the board. You are correct that crypto may not help your average American. But its use as a safer haven are important in places like El Salvador, Nigeria, and Curacao.