The great think with Bitcoin is that it's a Trojan horse: Coinbase and the whole world can act like it's following all AML rules, can be controlled by IRS, and

The great think with Bitcoin is that it's a Trojan horse: Coinbase and the whole world can act like it's following all AML rules, can be controlled by IRS, and can create arbitrary blacklists. It's better to give regulators the feeling that they are in control, as this way they allow people to ,,hack'' the current financial system. What Microstrategy did with getting $650 million debt with 0.75% rate and moving to Coinbase institutional Bitcoin storage is to use the vulnerability of the current financial system that was used by bankers for a long time for financing wars to finally do something good and move us closer to a non-debt based financial system. What matters is having the option of total freedom, not using it all the time. Sure, I could make anonymous payments with Bitcoin if I really wanted, but as long as the laws don't get to the levels of gold confiscation, I'm OK with being 100% legal and being tracked. Ross Ulbrich was not using the fact that Bitcoin is a trojan horse: don't talk about the vulnerability of the central banking systems, just use all the legal tools and loopholes it gives and get rich.