Emergencies Act Rescinded in Canada • Hacker News Board

Re: Emergencies Act Rescinded in Canada

#51

Post by ls15 » Thu, Feb 24, 2022, 7:10 AM UTC

mmastrac wrote: post #10

kragen wrote: post #8

Another reminder of what Bitcoin is good for. The article currently links to another one that says they froze 200 bank accounts and are now unfreezing most of them: https://www.cbc.ca/news/politics/emergency-bank-measures-fin... https://archive.fo/lAT62 It's a terrifying reminder of how vulnerable we've become to arbitrary and lawless government actions in our near-cashless society. Previously: https://news.ycombinat…

Bitcoin won't help you here: you still need to convert things to fiat to get anything done. And if shops start taking Bitcoin, the government will simply regulate those payments as well. Crypto doesn't exist in a vacuum.

Localmonero?

Re: Emergencies Act Rescinded in Canada

#52

Post by kragen » Thu, Feb 24, 2022, 8:13 AM UTC

skyde wrote: post #42

jquery wrote: post #20

Earlier quoted context omitted.

Bitcoin doesn’t “solve” what is essentially a human problem. No amount of encryption and obfuscation will stop a $5 wrench.

the 5$ wrench in this case is not a good analogy because there is no way to know who own a bitcoin wallet. Thus you don’t know who you should use the 5$ wrench on.

That's probably overstating the degree of security Bitcoin gives you in practice, but it's likely better than having a centralized list of names and account numbers.

Re: Emergencies Act Rescinded in Canada

#53

Post by nopzor » Fri, Feb 25, 2022, 7:09 PM UTC

kragen wrote: post #50

nopzor wrote: post #43

Earlier quoted context omitted.

the us government creates an insane global appetite for us dollars. they regulate the exchange points, and it’s almost the same thing.

The US government definitely does not regulate the guy downtown who exchanges my dollars for pesos, except in the sense that they could place economic sanctions on him if they decided he was a "terrorist" or something.

you think the us government doesn’t tax the guy downtown in us dollars?

Re: Emergencies Act Rescinded in Canada

#54

Post by kragen » Mon, Feb 28, 2022, 8:25 AM UTC

nopzor wrote: post #53

kragen wrote: post #50

Earlier quoted context omitted.

The US government definitely does not regulate the guy downtown who exchanges my dollars for pesos, except in the sense that they could place economic sanctions on him if they decided he was a "terrorist" or something.

you think the us government doesn’t tax the guy downtown in us dollars?

No, absolutely not. That's ridiculous. I live in Argentina.