Yetioko

That would not be very good in the current situation. This would lead to more energy consumption, more intransparent bribes etc.

I hope not.

You make a lot of wrong assumptions. Not sure why or if you do this on purpose though.

- Crypto is not transparent. Its continuously mentioned as a benefit of crypto. You should be fully aware of all the methods crypto provides to be intransparent. Tumblers, Lightning network or when you go away from bitcoin, monero is inherent intransparent.

- You might ignore the Efficiency of political sanctions, but the struggles for those people are real. I have been to Iran and have seen it by my own eyes.

- Crypto is still not easy to use. Stop lying to yourself. Go to el salvador and look how they use it. There is only one small city able to use the lightning network properly. The rest of the country doesn't know how to handle it properly. They also have fraud as most of them never got their crypto which was promised to them.

- " 20+% on my DeFi Pools" you should understand better what you are actually doing. You do high risk, low sanctioned, under the radar gambling. Stop comparing 20% of some shitty gambling/ponzi schema to anything real life

- "I can provide authorization with a 10 word pneumonic." wow. I forgot my 4 digit pin a few times in the last 10 years. I literally lost my company password and the muscle mnemonic for half a day. I literally can't lose my passport. My country will make a new one for me. Try to rememeber your 10 words when you are 70. Try to make sure that you do not enter your 10 words in a system which can transparently steal your money as soon as you tell it your 10 words.

Have you ever spend the amount of time you spend on learning about crypto to learn about fiat?

You are part of a system not the property of it.

I'm totally lost on what you are trying to imply with "And please show me where rights are granted to governments and by who and for what basic purpose."

You are fully aware that there are countries. You should know how they work, you should know what models of representation exists and which forms of gov you are in.

Give yourself the illusion that you are independent while paying taxes and putting on your seatbelt.

I'm fully aware how PoS in context of crypto works.

But let me tell you what the PoS part is in our current fiat system:

I get my salary in fiat. I save my fiat in a bank account for being used later. I might not need to hold 1tb of ram available and proof that i have it running, but i already proof that i trust my fiat because i get my salary in it. I pay with it, i save it.

I have a high stake in it. I also have systems/tools available to me for my fiat like banks and laws.

This is no different to what etherium proposes: For PoS you need to buy and hold etherium and you get etherium for doing so.

"if people value it"

People stop valueing it when they can't do anything with it. Currently no one cares about crypto for anything besides gambling. There is a very long way ahead for any crypto to become anything else.

". I've lost a ton of trust in the Canadian government after they deemed it illegal to donate to a cause they disagree with." You are still in a democracy. Feel free to move to russia if you prefer a dictatorship. but otherwise its your responsibility to accept democratic decisions you don't like or you don't understand.

I'm not saying its always fair or that democracy/canada is the best thing in the world but for you as an individual, with the current options that actually is the best case for you.

"Only the rich will benefit from banning cryptocurrency." the rich don't care. They benefit from everything which makes money.

You can only do this as long as you are able to convert fiat to crypto and back.

You can also only do this as long as crypto is so small that its not getting banned.

And for everyone who doesn't has this issue, crypto is actually bad: the overall benefit of anonymous money transfer benefits who want to do illegal things which are illegal for purposes.

Would you like to know that others are doing tax fraud and you are the fair citizen? Knowing that they do not contribute to schools and infrastructure while using your schools and infrastructure?

We do not benefit from tax fraud. The mafia does.

Those are companies with policies.

They have to listen to laws.

Guess what happens if crypto would become bigger and actually a problem for all states globally?

Do you really think they will just accept this? In which way do you think they literlay can't control crypto anymore?

Just because its digital and on the internet, doesn't mean its digital only. It is not and as long as that is, its easy for a state to make sure crypto will never ever reach this level.

You don't believe a state can do this? Just a small reminder about the great firewall from china. There are countries who shut down their internet, literaly.

Etherium is looking for a PoS system.

Guess what our current fiat system actually is? A highly finetuned evolutionary PoS system.

It has features like:

- transparency

- fraud detection

- political sanctions (russia vs. ukraine, north korea, iran...)

- fairness due to transparency (you pay your taxes, i do: we both pay our fair share of infrastrucutre cost etc.)

- easy to use (my grandparenst were able to use it)

- save

- easy authentication and authorization system (i can get money with my passport)

- globally accepted

- low transaction fees

- self optimizing system due to capital market (one bank can do transactions faster and cheaper than you can)

They just stop it as they don't know how to use it and they also don't care about it anyway.

Only the corrupt ones might accept a bribe.

Your logic doesn't make sense.

You are part of a system like a country. You are part of that country and the country acts on your behalf.

IF there is a good reason that the state only allows sending money after certain criteria are met, its for the good of the country (normal countries, not corrupt ones).

Then the country and its laws has the right to reduce that freedom.

You might believe in the republic idea of everyone for him/herself but studies also show that for normal earning people, this is not helping them at all.

Its not a global basic right to 'deserve a way to send money without middleman'. I'm not even allowed to just move to another country. I'm in one way or another imprisoned in my birth country.

Just that normal people don't benefit overall.

If you are for bitcoin and its 'benefits' and you are not someone who is doing tax fraud in a big way, you do not benefit from crypto, you are loosing.

Unreported income is tax money which is missing for schools, infrastructure and co.

It might not be used always efficency but it benefits you more than not having it. It should also be a much higher motivation for everyone of us to stop tax fraud all together instead of complaining about taxes and trying to avoid taxes.