Blocking is a bit harsh.
Why they haven’t just pixelated the money?
I’m a huge fan of money laundering, myself.
Time to found an llc based in Ireland to collect the monies as a proxy and then disburse them as “wages” for “consultancy”!
Someone really needs to develop a way to transfer money without relying on banks. It’s insane that banks get this power to force their own morals on everyone, even when the affected transfers are completely legal
Crypto. It’s called crypto.
Something that doesn’t toast the earth and isn’t completely taken by scammers and all sorts would be much preferable
That’s what we have banks to protect from
You can’t have no regulations and no scammers
There’s plenty of proof of stake tokens that do not waste all that electricity that mining does
Instead wasting petabytes of storage.
Storage is fortunately pretty cheap and resource efficient though.
In the grand scale of things, a couple petabytes are like 100 modern 32 TB hard drives. Powering them would require maybe 2 kW?
Crypto that does not do that
Such as?
Monero? Also, it just appears to be a coin with good intentions.
Almost every cryptocurrency other than bitcoin is far more efficient than bitcoin. Bitcoin went though a really weird hostile takeover by Binance, who realized that if they made Bitcoin super inefficient and gave it high transaction fees, then they could make a ton of money by pushing their alternative currencies and proprietary software. It was super effective, and they managed to keep the market centered around Bitcoin, and also make Bitcoin near useless as a peer-to-peer digital currency. Crypto miners will always spend the most effort on the most valuable currency, so we’ve ended up in a system that uses a ton of energy with at best marginal value to the users.
Bitcoin Cash is the closest thing to the original goals of Bitcoin, and anything based on Etherium will be much more efficient since it’s based on proof-of-stake instead of proof-of-work.
XMR is very stable, and widely used but since is very privacy oriented and theres 0 need for KYC the techbros won’t ever talk about it, also is not profitable because the fees are very low, and the confirmations are almost instant, so major institutions likely will never endorse it. Monero for the win.
very stable
We must have very different notions of what stability means. To me, anything that fluctuates more than 10% either up or down almost weekly is not stable.
theres 0 need for KYC
How does one exchange XMR for actual cash without going through an exchange company?
deleted by creator
TL;DR Japanese institutions being disingenuous about being weird and regressive about sex.
Again.
It’s mostly just outdated laws that they’re have to comply with.
There are plenty of talks regarding of it between politician themselves. Especially regarding censorship.
The censorship thing is solidly the US’s fault (sorry) and a very different conversation than what’s happening here. Though I’m sure it has it’s roots in backwards '40s orientalism at some point, we were really good at exporting that.
But like, from an outside person that interacts with japanese institutions in the ‘adult content’ sphere, they go way beyond what is mandated whenever anything international is involved. This article alone highlights how they won’t even say why they’re doing things, they’ll just vaguely blame it on nonspecific policy requirements and continue to restrict funds / obstruct shipping / deny visas / etc. It’s maddening to deal with.
