Re:Anonymous crypto wallets now illegal in the EU
by newaccount74 on Saturday March 23, 2024 @09:22AM
(#39799747)
I don't disagree with you -- there are definitely nice things about cryptocurrency.
I just think that on a practical level, the "bad" use cases are 100x more common than the "good" use cases.
I even experimented with selling software licenses via crypto, it seemed like the perfect use case. It just turns out that nobody cared about using crypto for legal purposes.
Almost everyone who uses crypto seems to use it for tax fraud, speculation, fraud, get-rich-quick schemes or similar.
If you actually use crypto to transfer money to a friend or purchase legal things, you are part of a miniscule minority.
That's why I think it's a question of when, not if, it will get banned everywhere.
I just think that on a practical level, the "bad" use cases are 100x more common than the "good" use cases.
I even experimented with selling software licenses via crypto, it seemed like the perfect use case. It just turns out that nobody cared about using crypto for legal purposes.
Almost everyone who uses crypto seems to use it for tax fraud, speculation, fraud, get-rich-quick schemes or similar.
If you actually use crypto to transfer money to a friend or purchase legal things, you are part of a miniscule minority.
That's why I think it's a question of when, not if, it will get banned everywhere.