Bitcoin is the way of the future. Even without all the issues you have outlined, Bitcoin is simply not efficient to be used as currency.
In anycase, Trump managed to push anonymity as part of the Genius Act and will become part of the nextgen of cryptos. Of course, this also means we need to switch from KYC to something like zero knowledge proofs.
I think all the pieces are there, but the real question is, will the people be okay with the idea that some super criminal can keep using these currencies without ever being able to block them or track them. Imagine the nextgen of Soros using the next gen cryptos to openly fund terrorism in front of our face.
The question is, will the People have the strength to say "Yes, thats exactly what we want"
Cash is vulnerable to being seized if you're caught with more of it than some cop thinks you could have saved up.It doesn't even have to be actual criminal proceeds.
Bitcoin is the way of the future. Even without all the issues you have outlined, Bitcoin is simply not efficient to be used as currency.
In anycase, Trump managed to push anonymity as part of the Genius Act and will become part of the nextgen of cryptos. Of course, this also means we need to switch from KYC to something like zero knowledge proofs.
I think all the pieces are there, but the real question is, will the people be okay with the idea that some super criminal can keep using these currencies without ever being able to block them or track them. Imagine the nextgen of Soros using the next gen cryptos to openly fund terrorism in front of our face.
The question is, will the People have the strength to say "Yes, thats exactly what we want"
Cash is perfectly suitable for this kind of activity.
Cash is vulnerable to being seized if you're caught with more of it than some cop thinks you could have saved up.It doesn't even have to be actual criminal proceeds.
The state always gets theirs. Actually, I think they have too much cash...
And there in lies the catch. Lightning network increases speed but at the cost of security.
I think it’s pretty obvious. Stable coins as regulated by genius act.
Bitcoin is a no go because countries cannot issue treasuries backed by their assets or otherwise using bitcoin.
Bitcoin was a poison pill from day one, but it created enough appetite for freedom in people that now we are ready to move on to real solutions