

And then there’s people like my once naïve ass, who just blunder their way through attempted muggings. The first time someone tried to mug me, this guy was asking for money at like 2am, and when I told him I couldn’t help him, he said, “You know, I got heat.” I told him that was good, at least, because my landlord was a dick and my apartment was cold as hell, since they still hadn’t turned on the heat for the building. Got back home, and my wife was like, “You idiot, you know he was telling you he had a gun, right?”
It really isn’t, in this case. The issue is not the currency being used for the transactions, but rather two companies having a duopoly on processing those transactions that allow them to dictate terms to other people on how they can legally use their money. If there were two similar points of failure in processing cryptocurrency transactions, they would be just as vulnerable to having whoever occupied those two spots throwing their weight around. Sure, I suppose in that situation, companies could take payments to a new wallet easier than they could open new business accounts, and bypass the restrictions temporarily, but it still wouldn’t be a viable solution in the long term.