> Actually this already happens Few of the examples there are of people "democratically" choosing one currency over another, some of those (company currencies)

> Actually this already happens Few of the examples there are of people "democratically" choosing one currency over another, some of those (company currencies) are pushed from the top down in an unaccountable organisation and are generally acknowledged to be a bad thing. Tourist spots accepting one currency over another means little. > There's nothing catastrophic about it A country allowing their own currency to die in favour of a cryptocurrency would pretty much be a catastrophe by definition, involving a failed currency. > isn't a "vague parallel", it's fundamental It's a very vague parallel, because one is a state actor, operating with democratic oversight, and the other is a money-laundering operation. You asked if the fed was criminal because of its actions - writing it off as a vague parallel was my way of not just directly calling you an idiot. "Criminal" is a matter of criminal law, and the central banks are established by law. So no, the fed is not a criminal enterprise by definition. > Both were legal at the time of their creation I would dispute that Tornado Cash was ever legal, because it explicitly enabled KYC and AML-less money laundering. It just flew under the radar for a while. FYI most dollar transfers are very traceable, with the right authority, and this is what's missing from a system like Ethereum in general. All this talk about financial privacy misses the fact that financial privacy has been a limited right for a long time - you have financial privacy from your neighbours, sure, but with the right judicial approval that can be stripped away. Making something mathematically impossible to trace is a whole different level and it's not at all surprising that a) it attracted criminal use and b) that the state seeks to shut it down. So I'll say again - if a money-laundering facility is essential to your adoption process, your process is all sorts of wrong, and the world is a better place without it.