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Comment by toolz | Hacker News Reader

Their local regulations, which is exactly the problem crypto aims to solve.

Some see illegal activity - I see consenting individuals being enabled to engage in free trade. Personally I would question anyone that would believe people shouldn't be able to trade their resources freely with consenting individuals. Humans shouldn't be slaves to the authoritarians they may have been born under.

The solution to stopping unethical activity should be to stop that unethical activity. It shouldn't be to limit and regulate all activity to simply make it less convenient to participate in unethical activity.

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> Their local regulations

You’re claiming that these countries prevent people from being paid money for work?

Crypto is a luxury even for people in such countries, it’s not a feasible alternative to local fiat.

> The solution to stopping unethical activity should be to stop that unethical activity

Thanks for clearing that up! I wasn’t aware that the solution was so simple.

> You’re claiming that these countries prevent people from being paid money for work?

Yes, it's quite common even in the US you can't work without a visa. Other countries have much stricter rule depending on things like sanctions etc.

> Crypto is a luxury even for people in such countries, it’s not a feasible alternative to local fiat.

Except when it isn't - which is exactly the case I'm describing.

> Thanks for clearing that up! I wasn’t aware that the solution was so simple.

Really no need for snark. No one said it was simple. You know it would be much easier to presume guilt until proven innocence too, but that doesn't make it a better approach to creating a healthy society.

So the only use for crypto is that regulations haven’t caught up to it? Used to pay illegal immigrants and circumvent sanctions, which is still illegal whether or not crypto makes it possible.

I wouldn't say that's the only use, but it is a very legitimate use. Let's not forget legality is not morality. I consider it highly unethical to prevent someone from trade simply because you don't like where one of the individual lives.

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