>>cryptocoin was meant to free folks from being persecuted for such "non-crimes" as tax evasion, securities fraud, prostitution, narcotics trafficking, arms tra

>>cryptocoin was meant to free folks from being persecuted for such "non-crimes" as tax evasion, securities fraud, prostitution, narcotics trafficking, arms trafficking, etc. It's important to clarify that "securities fraud" here refers to what statutes refer to as securities fraud, and not any actual fraud involving securities. Any sale of a non-registered security is termed "securities fraud" by the Securities Act, even if the sale involves zero fraud. The term, as used in the statutory context, is a misnomer, and an Orwellian attempt at misleading the public into believing there was a victim in the transaction. Generally libertarians like the cypherpunks do not object to laws against real fraud. It's the victimless crimes like prostitution, trade in unregistered securities, drugs, etc that they believe should be free of prohibition. Anyway, to your point, there are legal industries where traditional financial players cannot operate, like the legal cannabis industry, due to everything from corporate policies being slow to react to the change in laws, to reputational risk, to non-binding but still influential guidances and warnings from regulatory agencies (e.g. Operation Chokepoint). These also might be/become natural sources of demand for cryptocurrency.