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Culture War Roundup for the week of October 31, 2022

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FDIC like insurance doesn't make you beholden to the government(it's less about a government in particular and more about Central entities with the government being the largest such entity)

I still don't get why we're using crypto if we have FDIC like insurance systems involved. Why not just use normal banking at this point?

For all the other reasons one would want to use crypto, the whole diversion into FDIC was just because that objection came up despite not really being related to the central point. Transact isn't even that interesting of a crypto use case to me, but these objections are like if paper money was being introduced for the first time today and people were worried about their wealth disappearing because of flammability or the fact that if you chose to carry all your wealth with you in greenbacks to the seedy part of town bad and irreversible things could happen to it, sure but is that seriously the objection?

Normal insurance schemes can be applied to any organization taking custody of coins without state involvement if that kind of safety is something that appeals to you.