[discostu]

Money laundering != freedom, it’s enabling felons. It’s not an obsession it’s recognizing reality. All the major banks have been heavily involved in money laundering for a long time. And with crypto currency it gets easier, turning drug money into crypto into clean currency will be a major profit center for banks. Laundering already is, but the effort and risk levels will drop dramatically, and the profitability will climb. There are whole countries that have built their entire banking industry around enabling money laundering (Curacao being a very comfy example, great weather), it’s a major portion of the industry, failing to pay attention to it is wilful ignorance.

You can’t move your wealth without the involvement of a third party. The whole concept of moving wealth involves third parties.

And I’ve already debunked the even playing field myth. JPMorgan will have more crypto than you, more power in the crypto market than you, and will have more influence in how the crypto market works than you. The playing field will never be even and thinking it will is just stupid.

[palmer]

Well you probably have not studied the block chain as much as I have. There aren't enough mixers and shakers to hide the source of large amounts of CC. I can certainly move wealth without a third party, what I can't do is transform it into local currency withouth a third party. But my CC purchases will increasingly be for digital artifacts where I don't need to leave the CC system and don't need a third party.

You have not debunked anything. Your all-powerful bank myth has been debunked by reality. By billions for ordinary people and crumbs for the banks. Youj claim they secretly own billions without so much as a handwave about evidence. The crypto market works from many drivers of which you only look at a few. You ignore the biggest, the mining network. That has given Chinese entrepreneurs enormous power. The Chicomms want that power and are thrashing around trying to get it. The will literally shoot miners in the head if they have to.

After mining, factor number two is demand or lack thereof. There the banks have deep pockets which I have already acknowledged. Factor number three is utility which is neutral to banks. Another is aesthetics which derived some scorn above. The people who appreciate aesthetics are kids not bankers. Another is permanence which is still lacking. Banks are very fleeting requiring enormous governemnt bailouts from time to time as well as protection from competition like CC.