Satoshi Nakamoto designed Bitcoin explicitly to return financial autonomy to the holder of value, from the hands of middlemen, governments, and banks.
Now, the masses of those flocking to invest in crypto seem to be fine with middlemen, governments, and banks. Look, I get it. Not everyone is into cryptocurrencies and blockchain technology for the purposes of becoming more free and independent of interfering third parties. Some just want to invest.
I have to say, though, that the need for truly decentralized exchanges and active, private trading markets seems to be greater than ever.
Check out this nice little message I received from bitFlyer this morning:
When do they give me this message? After I've already deposited significant funds, which I need to pay my bills. Now they are holding my money indefinitely. This is the exact opposite of what Bitcoin and crypto is all about. I would have done better here, in this case, not to have used it at all, it would seem.
Who's behind it all? The Japananese Financial Services Agency, of course. All these businesses like bitFlyer, Kraken, etc, WANT TO PROVIDE a service to their customers! They want to. They want to succeed and make money. I WANT TO USE their service! Seems like a match made in heaven, right? Well, it is, until these goddamn leech parasitic governments interefere, regulating, taxing, and fining everything into an entirely impractical oblivion. Kraken has suspended service to Japanese residents due to the regs, and now bitFlyer has thousands of dollars of my funds that my family needs. Fuck you, FSA. Make your own goddamned money, you worthless gnats.
~KafkA
Graham Smith is a Voluntaryist activist, creator, and peaceful parent residing in Niigata City, Japan. Graham runs the "Voluntary Japan" online initiative with a presence here on Steem, as well as DLive and Twitter. (Hit me up so I can stop talking about myself in the third person!)