alt Hacker NewsAll cryptocurrency is permissioned. This is because governments can make it illegal for someone to turn your cryptocurrency into real currency. You need their permission to turn it into pizzas and yachts.
Replies
idiotsecant • today at 12:28 PM
I think the point is that you stop caring about the fiat part of it at all. Government ownership of fiat currency is not a natural feature of the universe, it's just something we did for a little while.
Only if you wanted to turn it into fiat currency for the transaction, right? If the yacht seller would take payment in crypto, you need no government’s permission, right?