Doom posting. The reason crypto never took off is because the government effectively backs a lot of the currency transactions indirectly, which makes engaging

Doom posting. The reason crypto never took off is because the government effectively backs a lot of the currency transactions indirectly, which makes engaging in such transactions a lot less risky for everyone involved. If such trust in the government wasn't there, everyone would have jumped on crypto ten-fold. Yes, government has control over aspects of life, and humanity collectively organized governments specifically to have that power, because humanity early on realized that humans are emotion-prone individuals that cannot be trusted. All the anti-state rhetoric that you ever read completely ignores that fact. Yes, there are going to be some negatives associated with this transfer of power that are going to happen, no complex systems like that are perfect. You probably would want someones account frozen if they were directly donating large sums of money to a terrorist group that was planning attacks on US. There are good cases for use of power, and bad ones. The fact that we aren't living in totalitarian regimes and still have plenty of individual of freedoms means that the system is working pretty well.