Turkey bans use of cryptocurrencies for payments • Hacker News Board

Re: Turkey bans use of cryptocurrencies for payments

#281

Post by wavepruner » Fri, Apr 16, 2021, 8:21 PM UTC

dandanua wrote: post #16

fisf wrote: post #7

Earlier quoted context omitted.

Basically one of the exact reasons why Crypto should exist.

Yeah, let's destroy financial systems of governments and substitute it with a system that has 7 tps cap in which the majority of coins belongs to unknown entities (supposedly of criminal origin).

Unfortunately the financial systems of governments are getting destroyed and we are powerless to stop it.

Cryptocurrencies are not destroying government run financial systems. They are just an alternative.

Bitcoin's 7 tps is a base-layer limitation. Layer 2 technologies like Lightning aim to address this issue. Lightning is functioning well and growing rapidly.

I don't think it's fair to say most Bitcoin holders are unknown entities. The AML/KYC requirements for converting crypto into spendable fiat are strong. The criminal use of Bitcoin is a small compared to it's legitimate use as a store-of-value.

Re: Turkey bans use of cryptocurrencies for payments

#282

Post by fvv » Fri, Apr 16, 2021, 9:18 PM UTC

cableshaft wrote: post #213

dmos62 wrote: post #197

Earlier quoted context omitted.

The quality of this comment is not what I'd like to see on this forum. Firstly, do you really have to participate in this derogatory, sarcastic tone? Secondly, transactions per second are cryptocurrency-specific, so your point (about BTC, I presume) is irrelevant. Thirdly, majority of cryptocurrencies belonging to unkowns is fine, what's your point? Lastly, some of those unknowns are criminals: again, what's your poi…

> Lastly, some of those unknowns are criminals: again, what's your point? I think their point is criminals are bad, so anything they use is also bad. Like guns, and drugs, and cars, and food, and beds, and houses, and air. All bad. We shouldn't use those things, and we should ban them at the earliest opportunity.

There are things very useful for criminals and not so much for common people , air doesn't belong go this category, ak-47 and bitcoin yes, are both vastly more useful to criminals that common people, in countries where governments is not oppressive amd against the people (in those countries good and bad behavior may be more or less inverted depending on situation)

Re: Turkey bans use of cryptocurrencies for payments

#283

Post by anaganisk » Fri, Apr 16, 2021, 9:18 PM UTC

Erlich_Bachman wrote: post #171

valdiorn wrote: post #163

Earlier quoted context omitted.

They can put people in jail for using crypto, which is a strong enough deterrent that 99% of people won't do it.

Yeah because it worked so well for piracy. /s

How are you ever going to buy anything physical item ever other than "subscriptions" with crypto, if they ban it? Afaik govts are having tough time with Online Piracy but not Shipping piracy.

Re: Turkey bans use of cryptocurrencies for payments

#284

Post by tradertef » Fri, Apr 16, 2021, 10:20 PM UTC

cblconfederate wrote: post #184

TicklishTiger wrote: post #170

Earlier quoted context omitted.

What do you use?

binance

Binance is likely cheaper but on data shenanigans.. :)

Re: Turkey bans use of cryptocurrencies for payments

#285

Post by randomopining » Fri, Apr 16, 2021, 10:22 PM UTC

matheusmoreira wrote: post #261

anoraca wrote: post #255

Earlier quoted context omitted.

"We're supposed to be free to spend our money without the indignity of having to explain things to some bank or government." Why do you think that?

Because they are not owed any explanation. It's our money, we should be able to spend it on whatever we want. We don't have to prove anything to anyone. Anything else means the money doesn't actually belong to us, it belongs to the bank or government and they're just generously allowing us access to it. People work hard every day for a living, they shouldn't have to suffer this sort of indignity.

You're born into a contract with society. If it's purely "your" money, then you should exist outside the protections offered to you by society that is based on a currency anyway.

Re: Turkey bans use of cryptocurrencies for payments

#286

Post by dmos62 » Fri, Apr 16, 2021, 10:27 PM UTC

fvv wrote: post #282

cableshaft wrote: post #213

Earlier quoted context omitted.

> Lastly, some of those unknowns are criminals: again, what's your point? I think their point is criminals are bad, so anything they use is also bad. Like guns, and drugs, and cars, and food, and beds, and houses, and air. All bad. We shouldn't use those things, and we should ban them at the earliest opportunity.

There are things very useful for criminals and not so much for common people , air doesn't belong go this category, ak-47 and bitcoin yes, are both vastly more useful to criminals that common people, in countries where governments is not oppressive amd against the people (in those countries good and bad behavior may be more or less inverted depending on situation)

You're arguing against privacy. It's weird to have to rehash this debate, ever since tracking and data collection has become a widely recognized problem. Would you like to see Tor shut down as well? Same argument could be made for "unlicensed" encryption. Which feature of cryptocurrencies would you say is useful to criminals, but not to not-criminals? I'd argue that there's no such feature.

Re: Turkey bans use of cryptocurrencies for payments

#287

Post by matheusmoreira » Fri, Apr 16, 2021, 11:34 PM UTC

randomopining wrote: post #285

matheusmoreira wrote: post #261

Earlier quoted context omitted.

Because they are not owed any explanation. It's our money, we should be able to spend it on whatever we want. We don't have to prove anything to anyone. Anything else means the money doesn't actually belong to us, it belongs to the bank or government and they're just generously allowing us access to it. People work hard every day for a living, they shouldn't have to suffer this sort of indignity.

You're born into a contract with society. If it's purely "your" money, then you should exist outside the protections offered to you by society that is based on a currency anyway.

Contracts are voluntary agreements. Nobody is born into a contract. The idea of a social contract implies we have a choice: accept the group's rules or be removed and lose group benefits. This is simply not possible.

We are forced to try and change the system from within. The means for doing it vary. Lobbying the government, electing favorable politicians, violent revolution... In current times people can just build technology that implements whatever change they want to see in the world. Technology so powerful it alters the "social contract" whether governments want it or not.

Re: Turkey bans use of cryptocurrencies for payments

#288

Post by noch » Fri, Apr 16, 2021, 11:43 PM UTC

lottin wrote: post #84

zeepzeep wrote: post #60

Earlier quoted context omitted.

6 months away, what? I use it on a regular basis. Before covid I could even buy beer & burgers in my city. You can get coupons for everything, many online stores accept it.

> You can get coupons for everything, many online stores accept it. Such as...?

“ Bitrefill provides products and services that allow anyone to live on cryptocurrency more easily. Bitrefill.com provides a catalog of gift cards, prepaid mobile refills, and Lightning networking services that can be purchased using Bitcoin and other cryptocurrencies worldwide. By using Bitcoin and Lightning Network technology we provide a safe and private user experience with fast digital delivery to anywhere in the world. ”

https://www.bitrefill.com/faq/?hl=en#what-is-bitrefill

Re: Turkey bans use of cryptocurrencies for payments

#289

Post by randomopining » Sat, Apr 17, 2021, 12:36 AM UTC

matheusmoreira wrote: post #287

randomopining wrote: post #285

Earlier quoted context omitted.

You're born into a contract with society. If it's purely "your" money, then you should exist outside the protections offered to you by society that is based on a currency anyway.

Contracts are voluntary agreements. Nobody is born into a contract. The idea of a social contract implies we have a choice: accept the group's rules or be removed and lose group benefits. This is simply not possible. We are forced to try and change the system from within. The means for doing it vary. Lobbying the government, electing favorable politicians, violent revolution... In current times people can just build…

Sure, you can destabilize the contract. Make your own money that has its own pitfalls. Just because it’s more advanced technically doesn’t mean it’s better for a society.

A deflationary currency is actually terrible for a world with population growth. It ensures if you were born earlier you have more wealth.

And I say this with 50% NW in crypto.

Re: Turkey bans use of cryptocurrencies for payments

#290

Post by agumonkey » Sat, Apr 17, 2021, 12:46 AM UTC

dandanua wrote: post #16

fisf wrote: post #7

Earlier quoted context omitted.

Basically one of the exact reasons why Crypto should exist.

Yeah, let's destroy financial systems of governments and substitute it with a system that has 7 tps cap in which the majority of coins belongs to unknown entities (supposedly of criminal origin).

Even if you take all decentralized currency fads failures, it's hard not to root a little bit for them compared to your own government ruining your life constantly.