| >You can only do this as long as you are able to convert fiat to crypto and back. >You can also only do this as long as crypto is so small that its not getting banned. Killing cryptocurrency is impossible if people value it and can exchange it for fiat in-person. >And for everyone who doesn't has this issue, crypto is actually bad: the overall benefit of anonymous money transfer benefits who want to do illegal things which are illegal for purposes. Governments can make anything illegal for any reason they want. I've lost a ton of trust in the Canadian government after they deemed it illegal to donate to a cause they disagree with. >Would you like to know that others are doing tax fraud and you are the fair citizen? Knowing that they do not contribute to schools and infrastructure while using your schools and infrastructure? >We do not benefit from tax fraud. The mafia does. The mafia has far better ways of committing tax fraud than using cryptocurrency. Only the rich will benefit from banning cryptocurrency. |
People stop valueing it when they can't do anything with it. Currently no one cares about crypto for anything besides gambling. There is a very long way ahead for any crypto to become anything else.
". I've lost a ton of trust in the Canadian government after they deemed it illegal to donate to a cause they disagree with." You are still in a democracy. Feel free to move to russia if you prefer a dictatorship. but otherwise its your responsibility to accept democratic decisions you don't like or you don't understand.
I'm not saying its always fair or that democracy/canada is the best thing in the world but for you as an individual, with the current options that actually is the best case for you.
"Only the rich will benefit from banning cryptocurrency." the rich don't care. They benefit from everything which makes money.