[jbob2000]

> I can do the same argument about fiat money. What about the tax dodgers crossing borders with suitcases full of cash that will end up in some offshore bank never to be seen again?

It's a felony to do that with more than $10,000 and if you wanted to move any serious amount of money (millions) you'd need a small truck. You risk getting robbed moving that kind of cash.

>>`The banking system, for all its issues, makes collecting and moving large amounts money around very difficult` >That is why cryptocurrencies exist in the first place!

You're missing my point; It's a good thing that moving large amounts of money is difficult. I can't see any legitimate reason why someone would want to move tons of money around, just write a cheque or do a bank transfer of some sort.

If bitcoin becomes the new currency, you aren't any more free than you were under the banks, you're just beholden to a different master - the people who maintain the cryptocurrency networks.

[Rmilb]

>you aren't any more free than you were under the banks, you're just beholden to a different master - the people who maintain the cryptocurrency networks.

Exactly. Bitcoin just like fiat is backed by trust in those who run the network. Bitcoin doesn't solve many problems as a store of value right now if you trust the government not to print trillions like they did after the 2009 crisis.

If you don't trust the developers, don't trust the coin.