this post was submitted on 23 Oct 2023
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cryptocurrency
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An ultimately shows that Crypto is in fast still under governmental control, negating the last remaining advantage it had.
Definitely the large volume on-ramps and off-ramps yes.
I think their biggest mistake was believing open ledgers were anonymous. They're clearly not.
There's only one privacy coin which even approaches anonymous fungibility, it's definitely not Bitcoin
Still, eventually you need to swap it back to FIAT. And, as mentioned in the article, these crypto exchanges are under governmental control.
You can still just meet people in person to trade it, it's just harder to buy/sell large volumes quickly and for a good price.