>The point is that these technologies are permissionless and unstoppable. As long as the internet exists, you can't eliminate such technology and behavior This

>The point is that these technologies are permissionless and unstoppable. As long as the internet exists, you can't eliminate such technology and behavior This is the myth that will apparently never die in the crypto community. Yes, the people with badges and guns and court orders absolutely can prevent crypto from being widely adopted if they want to: In the case of Libra, regulators like the Federal Reserve can simply say 'no'. Unless the Libra Association hires a private army that can defeat the world's current best in a standing battle, there's not much they can do about it. In the case of crypto in general, while I agree they probably can't prevent the .1% of the population who are tech savvy enough to manage their own wallets: 1. That's nowhere near enough people to get mass adoption 2. Much more importantly, the Feds can prevent businesses from accepting crypto for payment. If crypto can't be used for payments for legit goods (i.e. not drugs/hitmen), it's useless except as a means of pure financial 'bigger fool' speculation (wait, that's what it is now!) No one who operates a legitimate business is going to risk catching a felony if the US says 'bitcoin is illegal, 3-5 year sentence if you use it', etc. No payments for legit goods = no broader network effect. Instead you simply own the 21st century equivalent of a penny stock. I'm not militantly anti-crypto, but the community is really naive about how much power regulators & law enforcement really has if they want to exercise it. If crypto becomes a 'thing', it will be another highly regulated finance product offered by Huge Company, like Libra. The libertarian (frankly populist) dream is not in contact with reality