Until Bitcoin is ubiquitous (doubtful this will occur in my life time) we are still vulnerable to deplatforming when we go to exchange btc for fiat.
Which I’m sure are totally legit and not at all primarily used to launder money.
Maybe you’ve never heard of Fold app or Bitrefill. Some of us are actually trying to build a circular bitcoin economy. These companies not only offer onramps and offramps to the ecosystem, but they actively fund and incentivize building. Yes, they make a profit too.
So this is already a solved issue. They aren't deplatforming me right now!
Literally told to take their banking else where.
How does using crypto help? Does it’s use suddenly make you immune from banks finding out your source of income?
https://www.sbs.com.au/news/banks-accused-of-slut-shaming-fo...
That's why it helps. PayPal censorship is much more common than crypto censorship.
> Does it’s use suddenly make you immune from banks finding out your source of income?
No, it doesn't make you immune. Being 100% immune to anything at all is literally impossible. But it seems like it makes it less likely.
My point is the banks don’t care about crypto. They care about your occupation. If you deposited cash, you may still have no bank account.
That is a hypothetical situation which seems to me like it would be pretty unlikely.
Banks aren't talking about deplatforming coinbase, for whatever reason, therefore it is useful.
The whole "what if the government/banks banned Bitcoin!?" Is a pretty silly hypothetical, to me, because if you look at what these groups are actually doing, you will see that they aren't doing this and aren't really trying to do so!
The only reason why I am sceptical, though, is because I have heard these same arguments, about how the government will ban Bitcoin, for 6-7 years. And yet it hasn't happened yet.
So it is totally possible that this time is different. But I just feel like, I need to be very sceptical about these arguments, until they actually happen. Because I heard them before, and those people were proven wrong.
But you are right, in that it is very possible that maybe this time is different.
Canada is likely to have a BTC ETF in January, so you could say Canada is pretty open to BTC at this point (it is treated like any other exchangeable currency).
But the credit card industry is an oligopoly. If Visa or Mastercard don't like you, you're completely screwed as far as online payments go.