The fact that China just announced it was banning all crypto currency trading is all the evidence we need.
The fraudsters pushing fiat currencies don’t want any escape from them.
There is no freedom without financial privacy. Like in other areas of life, there is reason for openness in what goes on in the public square, but individuals need a zone of privacy surrounding their private life.
It is a matter of personal freedom as well as a matter of personal security.
How does crypto-currency ensure privacy?
The entire lifetime and every transaction of each crypto-coin is tracked by an immutable blockchain ledger.
Cash on the other hand can be very private.
Cryptocurrency trust-networks are decentralized but in order for the system to work in the long run, additional centralized management or oversight (e.g., SEC, et al) will have to be developed. Which in the end will be just like our current banking systems.
The wealthy just hate it when they can’t control all of the means to wealth, or who holds it.
For some people, it isn’t enough to generate wealth. For them, it is all about control.
If I recall correctly, the US stopped issuing $500 and $1,000 bills many years ago. Could they decide to stop issuing$100 or $50 or $20?? We hear how criminals use big bills and how this would deter criminals.
I have never used crypto currency, but can see some reason to have a store of value outside of government controls.
Cryptocurrencies will not be useful to me until I can instantly exchange them for goods and services.
The obvious gorilla in the room is precious metal coins . . .
Control freaks hate cash and cryptocurrency.
I hate control freaks.
Every time you use cash or bitcoin, you are striking a blow against the enemies of liberty in the government and other parts of the establishment.