I was reading through some comments on this post: https://communities.win/c/GreatAwakening/p/12jd0GCP85/cashless-bitcoin-and-the-devil-w/c/
And realized, I have shrugged off crypto because I simply don't understand it. For someone like me who is now realizing it's a good idea to get involved, how do I do it? It's very overwhelming, but I'm committed to learning. Let's talk!
You're all good, I'm glad you're researching it properly before investing. The thing about privacy coin is a fallacy imo, because if I pay with cash at a shop right now, there is no way to trace that money back to me. It's different with crypto, your wallet addresses stay the same, all your transactions will be able to be traced. Right now you can still make a wallet without providing government ID but more and more they require ID and / or your phone number. However, most crypto trading websites won't let you trade without a government ID. There is no reason the government or any site couldn't just ban your wallet address and ID-gate the making of new ones. Anyhow, right now you can still make a buck, and as you said, tread carefully and diversify! Bless you fren.
Very interesting, appreciate that perspective. This is why I like to do my due diligence! Bless you as well