this post was submitted on 02 Jun 2024
1639 points (96.4% liked)

Microblog Memes

5846 readers
2349 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.
  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 5 months ago

Ah, that all makes sense. I live in the US, so I'm looking at it from that lens.

don’t think the government should have power over dissenters assets

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.

third world Russia

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.