Yeah, I feel like cryptocurrencies only have a chance of providing value to some users if it's not actually very succesfull.
- If it's successful in providing anonymous transactions to everyone: Regulated to death due to laws aimed at combating money laundering and organized crimes. Even cryptocurrencies that aren't perfectly anonymous will probably eventually be regulated to death for not providing good enough guarantees about the identity of the wallet holders.
- If it threatens the Eurodollar as a world reserve currency: regulated to death at least in USA and probably Europe.
In what scenario can cryptocurrencies actually achieve its goals without risking being regulated to death?
And yes, I know you can't effectively ban all trade of cryptocurrencies. But trade will always be a niche if most people can't use it in the real world.
- If it's successful in providing anonymous transactions to everyone: Regulated to death due to laws aimed at combating money laundering and organized crimes. Even cryptocurrencies that aren't perfectly anonymous will probably eventually be regulated to death for not providing good enough guarantees about the identity of the wallet holders. - If it threatens the Eurodollar as a world reserve currency: regulated to death at least in USA and probably Europe.
In what scenario can cryptocurrencies actually achieve its goals without risking being regulated to death?
And yes, I know you can't effectively ban all trade of cryptocurrencies. But trade will always be a niche if most people can't use it in the real world.