These seemingly disparate camps -- fringe right and "anarcho"-capitalist -- share a fundamentally anti-democratic philosophy. For example, one of the seminal texts of "anarcho"-capitalism is Hans-Hermann Hoppe's _Democracy: the God that Failed_. If you look through my posting history, you'll find a quote from Tim May, an "anarcho"-capitalist and leader of the cypherpunk movement, wherein his anti-democratic sensibilities are on full display.
I'll end with a quote:
Begin quote. More than that; we can tell them that they will search the pages of history in vain to find a single instance where the common people of any land have ever declared themselves in favor of the gold standard. They can find where the holders of fixed investments have declared for a gold standard, but not where the masses have. End quote, from William Jennings Bryan's "Cross of Gold" speech.
I'm totally in favor of a cryptocurrency ban; we will not be crucified on a cross of bitcoin.
Your observation that cryptocurrencies are also embraced for nefarious - democracy undermining - purposes seems an additional aspect that justify a ban.
It’s just such a shit show, I hope the music stops soon, in order for a lot of people to lose their ‘faith’ in this ‘currency’. There is a finite supply of suckers.
Or they deliberately try to ignore the entire safety mechanism because it goes against their narrative that government control is bad, it collides with this libertarian spiel. All to keep the grift going.
When not understanding or misunderstanding things makes you more money (let’s you recruit new ‘suckers’) a honest discussion will start to become impossible.