[galdosdi]

LOL. Being able to reverse transactions and freeze funds is a feature not a bug. With crypto you have no recourse when a criminal does criminal things or you make a mistake. Ransomware only started being a thing thanks to crypto, but governments could easily ban it (serious governments like US, China, Germany, that is)

Crypto is useless for anyone but criminals. If you can't use the real, state controlled financial system, then you also can't use the real, state controlled property rights system. Who cares about being able to prove you own some bits if you are not protected by the law when you buy any actual tangible goods with those bits, like a house or a car or a business?

Crypto is only useful when it's not needed (ie, you can use the state to enforce your physical property rights) and becomes useless once it's needed (you live in a corrupt or anarchist state that won't enforce your property rights over anything you can actually buy with the crypto)

Crypto is becoming a form of government blind-eye-turned corruption, for carrying out corrupt financial practices with less immediate oversight and more ways to overcomplicate the logistics. It will probably cause a financial crisis one day, like in 2008, for the exact same reason complex derivatives did.

I never take crypto jobs so my resume will stay clean when the house of cards falls down.

[carlosjobim]

How does your comment read if you replace "crypto" with "foreign currency"?

[galdosdi]

You are probably unaware of this, but most foreign countries also have governments that enforce laws. It's not just an American thing, believe it or not.

Hope this helps. Take care now.

[carlosjobim]

I found it curious that many uses and abuses of crypto is the same as with foreign currency. But you seem to have killed your curiosity.