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Does this not defeat the whole purpose of cryptocurrency? The fact that a government can control its transparency, anonymity, the “currency” is now just a digit
by ajay-b 5y ago
Does this not defeat the whole purpose of cryptocurrency? The fact that a government can control its transparency, anonymity, the “currency” is now just a digital object, like any other in a bartering system. I don’t like that a government can trace and identify payment. Perhaps that is nihilistic but it speaks for me to the heart of freedom.
- lamp987 5y agoIf you dont want it to be transparent, you use Monero. Its now even getting atomic swaps with Bitcoin.
- russdpale 5y agoThe entire point is accountability, that seems to be what many people have forgotten. Also, you still have to use the state to enforce property disputes, so cryptocurrency will never buck the traditional system, it simply cant.
- bserge 5y agoYeah, perhaps instead of working around it, people should work to change the existing systems. Otherwise you're always going to be stuck completely underground and treated like a criminal/third rate citizen.
- bdcravens 5y agoWas the ability to move money easily between the government-owned systems and cryptocurrency ever a purpose, or did it just evolve organically?