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by JumpCrisscross 3068 days ago
> they will grow substantially as the only way to mitigate the governments efforts to enforce surveillance and regulations

Cash comes with substantial privacy benefits. It's also inconvenient. TL; DR Most people trade privacy for convenience.

1 comments

What makes you sure convenience will not improve?
> What makes you sure convenience will not improve?

Nothing. I was responding to a comment claiming a national ban “will” cause Bitcoin to “grow substantially.” My position on Bitcoin has always been it’s an interesting moonshot being priced as an eventuality.

With increasing regulations around cryptocurrencies large private transactions will be much more regulated, or possibly illegal, which will cut down on usability. Even if it's actually anonymous and buyers don't have to worry about it sellers will have to or risk being shut down
The SEC is already moving in the direction of trying to mitigate large scale transactions. They know they can't stop the spread of crytpocurrencies, but they're doing everything they can to reduce people using it for larger scale transactions or investments.