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@ ede3d957:c9795382
2025-02-27 11:12:01
I HATE TO SAY THIS!
At this point in time most people including Bitcoiners are better off using KYC'ed bank accounts and credit cards than transparent non-fungible cryptocurrencies for payments. It's more private and a lesser risk.
The compliance risk is currently completely outsourced to customers resulting in legal paper work and frozen funds.
I bet that within one year everybody that regularily uses Bitcoin (and other transparent coins) will have had an experience of a locked down payment.
THE WORST PART OF STARTING NEW
Back in the day there was no regulation and new merchants have been on boarded quite quickly and uncomplicated. Now we have wide ranging "laws" and orders and not many merchants will want to break the "laws" outside of a severe economic or state crisis.
We are now basically forced to grow underground and in injurisdictions more open to monetary competition. So outside of the western block and outside the BRICS. That makes the real crypto economy so much smaller, but certainly not more than $10B as we speak.