I don't disagree with you -- there are definitely nice things about cryptocurrency.
I just think that on a practical level, the "bad" use cases are 100x more common than the "good" use cases.
I even experimented with selling software licenses via crypto, it seemed like the perfect use case. It just turns out that nobody cared about using crypto for legal purposes.
Almost everyone who uses crypto seems to use it for tax fraud, speculation, fraud, get-rich-quick schemes or similar.
If you actually use crypto to transfer money to a friend or purchase legal things, you are part of a miniscule minority.
That's why I think it's a question of when, not if, it will get banned everywhere.
Do you even know what you are talking about? You can’t even buy crypto without verifying your id first it is not used for tax evasion at all. People don’t pay taxes on their crypto holdings because it is still a grey area. Every transaction is also traceable which makes it extremely uninteresting for criminals. You can not convert your crypto into cash without the government knowing. Cash is literally the best option for tax evasion and for criminals, crypto has nothing to do with criminals. Should we ban cash too?
I just think that on a practical level, the "bad" use cases are 100x more common than the "good" use cases.
I even experimented with selling software licenses via crypto, it seemed like the perfect use case. It just turns out that nobody cared about using crypto for legal purposes.
Almost everyone who uses crypto seems to use it for tax fraud, speculation, fraud, get-rich-quick schemes or similar.
If you actually use crypto to transfer money to a friend or purchase legal things, you are part of a miniscule minority.
That's why I think it's a question of when, not if, it will get banned everywhere.