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 11 points 1 month ago* (last edited 1 month ago) (1 children)

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

Bad gubmint.

[–] toastal@lemmy.ml 3 points 1 month ago* (last edited 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.