• toastal@lemmy.ml
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    1 month ago

    Other countries hate the IRS & FCC too. It is quite difficult to open a foreign bank or crypto exchange account… if not just outright blocked all Americans from even trying.

    • NaibofTabr@infosec.pub
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      1 month ago

      Ah yes, the evil government system that gets in the way of good people trying to run digital Ponzi schemes.

      • toastal@lemmy.ml
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        1 month ago

        Baby. Bathwater.

        Not all of the cryptocurrency behave as a Ponzi scheme even if many do. It also happens to be the most convenient way to transfer money between myself & the foreign friends I have—especially with Monero & Zcash hiding the transaction like cash would. I mostly use cash daily but if I have to do it digitally, I would rather it not be logged thru the government, some US-based tech firm, & all their third-party advertizing affiliates as is the case with credit cards and other mobile apps.