this post was submitted on 05 Sep 2024
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One of the early Bitcoin arguments was that it would help marginalized people in the global south who were cut off from traditional banking.
Fast forward to fairly recently, when some people in Palestine are using crypto to receive aid, Binance cut off access when Israel asked. No court orders necessary. Turns out crypto is easier to freeze than money in traditional banking.
Like pretty much everything else in internet funny money, it's a bunch of bullshit and anything will be said to pump for the next dump.