this post was submitted on 04 Oct 2024
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Other countries hate the IRS & FCC too. It is quite difficult to open a foreign bank or crypto exchange account… if not just outright blocked all Americans from even trying.
Ah yes, the evil government system that gets in the way of good people trying to run digital Ponzi schemes and collect ransomware payments.
Bad gubmint.
Baby. Bathwater.
Not all of the cryptocurrency behave as a Ponzi scheme even if many do. It also happens to be the most convenient way to transfer money between myself & the foreign friends I have—especially with Monero & Zcash hiding the transaction like cash would. I mostly use cash daily but if I have to do it digitally, I would rather it not be logged thru the government, some US-based tech firm, & all their third-party advertizing affiliates as is the case with credit cards and other mobile apps.