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HN hates cryptocurrency.

And yet, all the comments on this thread are about banks/paypal freezing funds or transactions.

Decentralised digital money does have value and a use case. It's interesting that most here don't see that this kind of thing would not happen with crypto.



PayPal is trying to stop fraud; crypto is literally the currency of fraud.


So cash, wire/bank transfers, paypal have never been used for fraud?

I have news for you. Financial fraud existed even before the concept of what we know of modern money.

I would be confident to assert that pretty much all financial infrastructure and instruments have been used for fraud, historically.

Crypto does not have a monopoly on that and you know it.




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