This is the way government wants you to think. They want to know literally every dollar (unit_of_monetary_exchange) that you use and don't care one iota about your privacy. They don't want you to value privacy at all.
The vast majority of people simply don't care about this. I mean I have a hard enough of a time to get people to care about privacy-centered messaging apps. Getting them to even begin to comprehend the myriad of cryptocurrencies and the confusing space of DeFi is simply not going to catch on. To them, there's really no benefit outside of "number go up" and so-called store of values, which conveniently have the nasty side effect of requiring users to do their own OpSec. That's actually harder than you think.
And that's not even accounting for how scam-ridden the entire space is to begin with. Who can they even begin to trust? Seems like an oxymoron for a trustless system, when the fact is they aren't even sure if they can trust themselves.
I find it mildly hilarious too, that places like BNY Mellon and JP Morgan are exploring cryptocurrency storage options. Now we are back to "trusting" those darn evil banks everyone gets triggered about.
The vast majority of people simply don't care about this. I mean I have a hard enough of a time to get people to care about privacy-centered messaging apps. Getting them to even begin to comprehend the myriad of cryptocurrencies and the confusing space of DeFi is simply not going to catch on. To them, there's really no benefit outside of "number go up" and so-called store of values, which conveniently have the nasty side effect of requiring users to do their own OpSec. That's actually harder than you think.
And that's not even accounting for how scam-ridden the entire space is to begin with. Who can they even begin to trust? Seems like an oxymoron for a trustless system, when the fact is they aren't even sure if they can trust themselves.
I find it mildly hilarious too, that places like BNY Mellon and JP Morgan are exploring cryptocurrency storage options. Now we are back to "trusting" those darn evil banks everyone gets triggered about.
See how weird this rabbit hole gets?