[wustangdan]

The reason is because your government is reasonably well behaved. You can think of crypto as a hedge against bad government behavior. So in your case, you aren't a target customer.

Try thinking about people in Turkey or Venezuala, where the yearly inflation is 100% - 5,000%. Bitcoin looks like a relatively stable safe heaven in comparison.

https://www.coindesk.com/layer2/2022/10/25/turkey-cryptocurr...

In the US it was illegal to send dollars to Wikileaks. Is it really your money if you aren't allowed to send it to whoever you want?

Imagine instead of Wikileaks it was a political cause you truly believed in and wanted to support but your government didn't like. Surely you can see how they could label any money flowing to this cause as an "illicit transaction". Dn't you think that you should have the power to support whatever cause you believe is right? Or do you think that only your government should decide what are the approved political causes you are allowed to support?

[GrinningFool]

You haven't answered the OP's question though.

From the article you posted, it seems like its primary value there has been as a proxy for other [more stable] currencies.

USD did that something like that for a while when it was gold-backed. How is it now revolutionary when crypto does the same thing backed by fiat currencies instead of gold?