Encryption is tolerated because it also allows protecting regular people from criminals, in ways which allowed to build e-commerce on top, and ultimately enabling great economic boom on the Internet. If it was only about securing messaging, it would likely have been banned already.

People forget what the 90s was like (if you had to export out of usa)

You just haven’t had enough time to see why cryptocurrencies should be tolerated. Eventually you will.

I'm tired of this completely wrong argument.

- Encryption doesn't stop law enforcement from having backdoors at key servers, and they do.

- Also we're discussing a financial transaction instrument, which REQUIRES MASS for it to make sense (for it to be valuable for transactions).

- While you can roll your own unique encryption and communication channel and authorities won't know a thing.

So no, situation is completely different with encryption.

I should have written "end to end encryption".

But if you have written it I'd have to note end-to-end encryption (as in truly end-to-end) is rarely applied in the real world.

It doesn't make even pragmatic sense, for ex. how can Apple index and process your photos, if it just sees them as bunch of binary noise? It can't. So it doesn't.