Quote:
Originally Posted by Jason14h
It probably would be surprising for most people to find out that Canada is actually one of , if not the most advance countries for online payments.
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No, anyone who has gone to the States in the last decade realizes Canada is one of the leaders in electronic payments. Without needing crypto to do it.
That's one of the issues with crypto and crypto evangelists, there's plenty of talk of how crypto can solve problems, but none of the problems it solves can't be solved more effectively using other technologies.
Just as an example, when you're talking about more efficient payment for goods, it sounds great until you think about fraud - right now, if I pay for goods from a seller and don't receive those goods, I can have my credit card reverse charges. If my credit card is stolen and someone buys a 15k flight from Brazil to Spain on it (personal experience), I can get those charges annulled. Is greater efficiency worth the complete lack of traceability and accountability? Not in my mind.
This illustrates the philosophical divide between crypto proponents and opponents that goes much deeper than the latter's supposed ignorance. Crypto is rooted in libertarianism, in the idea that regulation and government control of currency is an infringement on liberty and a positive evil. Like all libertarian thought, this is simplistic, absolutist nonsense.