Yeah well as long as the people allow you the internet. Without us all financing the internet, the anarchists using it for anonymous banking might find themselves a bit naked... I find it horribly suspicious crypto, depending on public electricity grids and state-funded internet infrastructure, is being sold as an anti control measure when really, it sounds a lot like a cash grab and a criminal money laundering system.

Why not use banknotes, they re well less susceptible to government control of spending but oh surprise a lot more to control of the cash grab speculative aspect - and hard to carry $600M of them in a hurry after a heist, unlike recent defi exemples.

> Why not use banknotes, they re well less susceptible to government control of spending

How can you exchange bank notes electronically?

>How can you exchange bank notes electronically? They are called "transfers" and you can do them at a bank or on a licensed broker.

The first question is why would you want to transfer money from A to B electronically without any kind of reasonable guarantee or safeguard? The major use case is to avoid paying taxes. Feel free to add any other usage scenario that isn't skipping taxes directly or indirectly.

> Cryptocurrencies have everything to do with censorship resistance

Mostly Monero. Paying for censored content with Bitcoin can be traced back to you and will get you in jail the same as paying via bank transfer.

And Monero is the odd one out here -- most other cryptos don't really help against censorship resistance.

No, they don't. They may be a method of censorship resistance, but they weren't designed that way. Audited for backdoors? Wishful thinking. Someone some years ago said they've added (some years before) backdoors to the OpenBSD IPSec implementation. The consensus is "its probably bullshit" and not "no, we checked and we can guarantee there is no backdoor". The lesson (in case you missed it) is that for crypto code, there are a hand full of guys that actually understand what is going on and how to implement and bypass something, and half of them work for the government. OpenBSD is too obscure for someone to care? See the TrueCrypt case.