alt Hacker NewsA viable alternative to the financial system is also just a dream.
If we take from the government the ability to freeze bank accounts of protestors, we can't just also remove the ability to freeze the accounts of criminals, enemies, or even terrorists.
It seems like a clear non-starter, yet many proponents of crypto seem to think it would be an obvious improvement.
>If we take from the government the ability to freeze bank accounts of protestors, we can't just also remove the ability to freeze the accounts of criminals
That's really the crux of the issue here: Having to choose one over the other, would you rather some criminals go free, or some innocents be imprisoned?
I suspect anyone's position to this depends heavily on which sides they've been on more on their lives: Victimized by criminals or unjustly punished.