DeathAndTaxes
12-12-2021, 09:20 PM
Transactions in the crypto ledger cannot be disrupted or stolen by conservative groups, only a global absolute dictatorship could.
That said exchanges like Coinbase or really any other one could easily cut off any sex worker, when you buy crypto from them you are buying a promise that you can move it internally and obviously cash out. It is like buying funny money. Mt Gox (https://en.wikipedia.org/wiki/Mt._Gox) ran away with half a billion dollars at the time, because people deposited 850,000 in real bitcoin in exchange for funny bitcoin and the promise they could cash out or get the coin back.
Don't get me wrong it is the only fast way to get hard cash if I wanted to sell before the asset crashed, but it is a risk I am taking when I have anything outside my real wallet.
Transactions between real wallets is obviously also possible and it was the intended desire of these crypto currencies, this is what people argue sex workers should adopt because they can not be disrupted and are descentralized, but these are slow and expensive. And obviously can see how they are highly inconvenient to service provider and customer.
I cannot speak for ALL coins but Bitcoin and Ether are easily the two heavyweights and operate like this.
That said exchanges like Coinbase or really any other one could easily cut off any sex worker, when you buy crypto from them you are buying a promise that you can move it internally and obviously cash out. It is like buying funny money. Mt Gox (https://en.wikipedia.org/wiki/Mt._Gox) ran away with half a billion dollars at the time, because people deposited 850,000 in real bitcoin in exchange for funny bitcoin and the promise they could cash out or get the coin back.
Don't get me wrong it is the only fast way to get hard cash if I wanted to sell before the asset crashed, but it is a risk I am taking when I have anything outside my real wallet.
Transactions between real wallets is obviously also possible and it was the intended desire of these crypto currencies, this is what people argue sex workers should adopt because they can not be disrupted and are descentralized, but these are slow and expensive. And obviously can see how they are highly inconvenient to service provider and customer.
I cannot speak for ALL coins but Bitcoin and Ether are easily the two heavyweights and operate like this.