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You can argue that cash is also used for a lot of illegal activity and you would be correct, but that misses an important point, which is that cash has been wit
by chadash 6y ago
You can argue that cash is also used for a lot of illegal activity and you would be correct, but that misses an important point, which is that cash has been with us since our country's founding and from a political point of view it would be nearly impossible to ban it, even if doing so would be a sensible policy. Cryptocurrency is still in the infant stages and banning it wouldn't entail nearly as much of a backlash.
- rawtxapp 6y agoI think you're underestimating how many people own/are into crypto. A quick look into Coinbase's S1 alone shows that tens of millions of people in US have accounts with them and they are custody-ing billions of $ of institutional coins. And that's just Coinbase, ignoring Robinhood, Cashapp, Gemini, GBTC and lots of other exchanges and custody which have very significant volumes as well.