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I think it's because no real tangible thing has come out of the cryptoverse (apart from rare exceptions like ransomware gangs cashing out tumbled coins and buyi
by sysadm1n 5y ago
I think it's because no real tangible thing has come out of the cryptoverse (apart from rare exceptions like ransomware gangs cashing out tumbled coins and buying lambos and rolexes). Everything in the crypto sphere is just 1s and 0s or in the ether. Everyday Joe reads up about Bitcoin and the first thing they want is a solid physical coin they can hang on their wall. On the other hand: people use BTC to acquire illegal drugs via the darknet, so there is a case to be made for BTC being exchanged for tangible goods, albeit a tarnished one, since those drugs are banned in most countries. BTC got a bad name early on, and has yet to shake that off.
I'm not sure if I'm looking forward to banks and governments launching their own digital currency. It will be interesting to see how that plays out. If it means it's highly traceable so it can't be used for illegal things, then so be it. That's where we're heading now.