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Joined 2 months ago
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Cake day: July 9th, 2025

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  • I have always criticized the current system

    Payment processors are just part of it. Each time similar issues arise, I’m here

    The current system’s problems are not just the actions of a few. The few in question have an incredibly high market share. Crypto would fix these issues: no need for middlemen, more privacy and anonymity (for applicable cryptocurrencies), cheaper international transactions, decentralized to prevent censorship (as long as governments don’t fuck it up too much)

    Not to mention your original message was about criticizing Mastercard which is a single entity, and you’re comparing that to criticizing crypto which isn’t

    What isn’t essential to you could be essential to others. For many people, card payments are not essential. Emails aren’t essential. Cars or public transport aren’t essential. You’re saying something is useless based on adoption. So it is just useless until it becomes essential at an arbitrary point? So it does not prove anything

    Cryptocurrency is essential to protect your online financial privacy. If you don’t care about it, that’s on you.













  • They would not, but you would not be anonymous this way. You get problems when:

    • The crypto you received is through a shady source (it could be any individual which pays you with dirty coins)
    • You engaged in pro-privacy activity, which links you with illegal activity, like coin mixers to blur the origin and destination of crypto
    • You received more crypto than you bought

    As long as you stay with centralized exchanges and directly send crypto to some websites, you should in theory always be fine (as long as you don’t send them to criminal or pro-privacy services), but that’s not the original goal of crypto

    Apart from that, some countries straight up force you to declare every transaction you make with crypto, which isn’t doable for most people and puts them in illegality