re: #297 JC1

And governments can choose to hyperinflate said currency with the stroke of a pen. Crypto appeals to some precisely because it’s free of government interface, at least in theory.
I’m not a crypto evangelist, and I think that the whole Bitcoin experiment will end poorly, but there are many legitimate uses for anonymous transactions. Just because you’re not doing anything illegal, doesn’t mean that you want a paper trail that any bank or government can follow. Additionally, it’s a PITA to send money to certain countries due to various controls, even if it’s to a relative or for a perfectly benign reason; crypto makes sense in those cases.

1. A whole lot of cryptocurrency transactions are used for illegal purposes.
2. There are plenty of ways to send money electronically that don’t end up in a government ledger, venmo for instance.
3. There are legitimate reasons for the government to see a lot of transactions, such as when a company gets paid, or an individual gets paid for services, so that they can charge taxes to fund the government.