[sentirism]

I think we are just in a golden period like the 1920s before May 1, 1933 when gold was confiscated.

Central bank digital currency seems inevitable. I imagine in the far future there will be central bank digital currency and illegal crypto currency that facilitates black market transactions. Crypto holders will be smeared in narratives as drug traffickers and criminals. At some point there will be risk outside of volatility with holding crypto. I just can't see how things evolve any other way.

The digital Yuan is going to be incredibly tough competition for the West that I don't see how a renegade non-central bank digital currency does not eventually come to be seen as counterfeit.

[herbst]

I guess it depends. Crypto in my country doesn't have such a negative attitude. Some places allow you to pay your taxes in crypto, our main Amazon competitor is accepting crypto for years now, even our 'old people paper magazin shop' accepts crypto.

In Switzerland you have banking privacy, no or high cash limits, you can privately buy a new car in cash without anyone raising an eye brow. Crypto isn't actually a real danger when your whole society is based on monetary freedom.