The privacy coins are going to get axed first. The rest are just tooling up to see what scumbags law enforcement can rake in with CI jobs.
Anyone who thought digital currency was going to do anything to help privacy has been smoking the highest quality cocaine.
Indeed they do. As long as they are able to see everyone's transactions and also identify and trace up illegal transactions easily, why would they ban it? Of course they won't hence they instead went after the privacy coins and will keep a compliant few that will survive regulations.
> Anyone who thought digital currency was going to do anything to help privacy has been smoking the highest quality cocaine.
Correct, and crypto is here to stay, just like spyware and closed-source software is. Anyone who thinks that crypto or closed-source software would go away entirely or having all of it get banned completely 100% is also already on the highest quality of cocaine or LSD to dedicate their whole life to try stopping all of it completely.
No.
That ship has already sailed and it is not early days anymore; just like the failure of the free software movement or the privacy movement who have both failed to stop spyware and privacy invasive technology from proliferating and proxied / developed by the majority of big tech.
Why is it that regulators are chasing after privacy tools / coins, like Tornado.cash, Monero, etc and not attempting to ban the others? The regulators have made it totally clear that they don't want these certain coins / tools to be around or used as a side benefit by scammers, criminals, etc.
I would say only the compliant few coins, crypto projects, etc that comply with regulations will survive and it will allow companies to accept crypto and use it safely.