Earlier quoted context omitted.
> imagine that database holds a lot of your money and you live in an oppressive regime That opressive regime holds: - your access to the internet (crypto requires continuous access to internet to function) - your access to exchange offices because crypto is useless if it cannot be converted to fiat So, what exactly have you solved?
> So, what exactly have you solved? Ownership of your funds, which is the primary requirement from which all others stem. You will still have those when you regain access to the internet, or the ability to spend them. The reality is that a government having the ability to confiscate the funds in your bank account, and attempting to restrict you and your neighbours peer to peer actions, personal mobility or internet a…
> Ownership of your funds
Nope, ownership is law. The problem you’ve mitigated (but not solved) is the ability to retain possession of your funds.
> The reality is that a government having the ability to confiscate the funds in your bank account, and attempting to restrict you and your neighbours peer to peer actions, personal mobility or internet access are totally different things.
They are motivated on rely on very much the same social conditions, they are not “totally different things”, and they are even less different the more it becomes necessary for the government to do the latter in order to achieve the effect of the former.
> No one claims your crypto currency will protect you from a bullet.
The capacity and willingness to use a bullet to effectuate their will for that end is what enables a government to drain your money from a bank; it may be masked and may not be immediately evident in the mechanics they use to do it in practice, because the time and repetition and institutionalization has routinized and streamlined the process. But, at root, its all the bullet.