[lern_too_spel]

That governments can't control access to cryptocurrencies and gold is the biggest fantasy that crypto rubes believe. That people in developed countries don't want governments to control money to claw it back from fraudsters is the second biggest fantasy.

[StanislavPetrov]

>That governments can't control access to cryptocurrencies and gold is the biggest fantasy that crypto rubes believe.

Cryptocurrencies are math. Governments cannot control math, as much as authoritarians wish they could.

>That people in developed countries don't want governments to control money to claw it back from fraudsters is the second biggest fantasy.

The assumption that most people in developed countries want government to "control money" is delusional at best. There are certainly many people in developed countries who want the government to control money, control speech, control political discourse and control everything else - but there are just as many who oppose all of that.

[MattPalmer1086]

Governments can't stop you doing maths, but they can make it very difficult to either do it at scale, or convert your maths back into government issued currency.

[lern_too_spel]

> Cryptocurrencies are math. Governments cannot control math, as much as authoritarians wish they could.

And there's the misconception. Trading government money for cryptocurrency is subject to regulation. Do you think you can hack the President's communication and send it to Putin because it's math? Do you think you can set the interest rate on a loan to 500% because it's math?

> The assumption that most people in developed countries want government to "control money" is delusional at best.

How strange then that every single developed democracy has implemented it. I must have just imagined the entire field of tort law and people clamoring for relief from the courts.