[kebman]

That's an interesting claim, all the time regular banknotes and coins offer way better alternatives for doing just that (e.g. money laundering and black market transactions), due to their much better relative untraceability as compared to just about all cryptocurrencies, and even so-called privacy coins.

The only thing cryptocurrency has clearly got going for it, is in relative better ease of use, and better security, as compared to coins and banknotes, especially when it comes to international transactions.

It's troublesome to move a literal ton of cash from A to B, while moving a virtual ton of cryptocurrency isn't. The cost and risk of moving said ton of cash from A to B, is also staggering compared to the relative security and ease of movement offered by cryptocurrencies.

Best of all, cryptocurrency just about removes the need to have a bank as a third party when both storing and moving your valuables. Thus it's a much bigger problem for banks, than governments. Remember, taxation still existed in a time when no valuables were traceable. So that fact that some cryptocurrencies are claimed to be untracable, doesn't really matter much to the state.

[lonelappde]

Interesting that you wrote paragraphs rebutting your first paragraph.

[kebman]

I didn't. You just assumed I did, which is different.