> I think the entire idea behind cryptocurrencies from the beginning was to have unregulatable currency. The problem with that is with sufficient surveillance

> I think the entire idea behind cryptocurrencies from the beginning was to have unregulatable currency. The problem with that is with sufficient surveillance and tracking a government could ban the use of non-approved currencies for tangible items, and enforce that ban by random audits where if you can't show that you used approved currencies that you can prove you acquired legally to pay for the tangible things you have you get tossed into jail. As Jean de La Fontaine said in the 17th century, "A person often meets his destiny on the road he took to avoid it".