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I'd love a future where crypto payments are used for most things, and we no longer have to deal with credit card processing fees or financial institutions having deplatforming power. But crypto as a replacement will probably end up being illegal, because we live in crazytown
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💳Amazon customers will be blocked from using Visa cards in the UK. ❌The dispute relates to transaction fees charged by the credit card brand Thread 👇 telegraph.co.uk/personal-banki
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If not explicitly illegal, it'll probably be hampered by a thousand tiny 'we mean well' cuts that end up making the use of crypto only viable for centralized organizations, like taxing it heavily or placing unreasonable bureaucratic burdens on its use.
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This isn't the land of the free, this is the land of "we're restricting voluntary, nonharmful behavior between consenting adults because we've decided with our 122 IQ wisdom that it must be good for everyone else"
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Well... yes... but then also: "We've realized this is a dream tool for criminal organizations, money launderers and terrorist financing. And when economic networks collapse, it tends to propagate elsewhere. So we *have to* watch it."
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