Earlier quoted context omitted.
With crypto you can transfer your wealth across borders away from oppressive regimes or an incoming army by memorizing 12 words. It's hard to overstate how valuable that is for anyone who finds themselves in that position, and it's becoming more relevant by the day.
You can only do this as long as you are able to convert fiat to crypto and back. You can also only do this as long as crypto is so small that its not getting banned. And for everyone who doesn't has this issue, crypto is actually bad: the overall benefit of anonymous money transfer benefits who want to do illegal things which are illegal for purposes. Would you like to know that others are doing tax fraud and you are…
>You can also only do this as long as crypto is so small that its not getting banned.
Killing cryptocurrency is impossible if people value it and can exchange it for fiat in-person.
>And for everyone who doesn't has this issue, crypto is actually bad: the overall benefit of anonymous money transfer benefits who want to do illegal things which are illegal for purposes.
Governments can make anything illegal for any reason they want. I've lost a ton of trust in the Canadian government after they deemed it illegal to donate to a cause they disagree with.
>Would you like to know that others are doing tax fraud and you are the fair citizen? Knowing that they do not contribute to schools and infrastructure while using your schools and infrastructure?
>We do not benefit from tax fraud. The mafia does.
The mafia has far better ways of committing tax fraud than using cryptocurrency.
Only the rich will benefit from banning cryptocurrency.