> So, has trump coin and world liberty financial proven your friend wrong?
No:
1. That's not being implemented as a permanent replacement for typical currency, that's cryptocurrency as a specialized temporary vehicle for accepting bribes and fleecing the gullible.
2. Even if #1 were not true, it's rather hard for a democratic government to react when key positions in that government have (temporarily, I trust) been taken over by a cult that profits from the scheme.
> It seems that it was you who misunderstood human nature. Greed always wins.
That's an inaccurately nihilistic view of what "human nature" encompasses. If greed always won, nobody would have pets, charities would not exist, parents would enslave their children, life-insurance would just be an invitation to filicide, etc.
okay, well i've been hearing this "Gov would never let crypto live"... but i keep waiting? All i see are more and more govs and entities like blackrock being co-opted.
What would actually convince you this line of reasoning is wrong?
> i've been hearing this "Gov would never let crypto live"... but i keep waiting?
I think the first step is to narrow what role/purpose of "crypto" we're trying to consider, that a government would or wouldn't permit to "live".
For example, imagine there's a 100% government-run system with only "official" transaction signing nodes and everyone's public key is on-file along with their real identity. That would be "cryptocurrency" in a technological sense, but clearly not the political change some people are interested in.
Next there's the economic distinctions like the unit of account [0] versus medium of exchange [1] versus store of value [2], which are all different roles. For example, gift-cards might be a medium of exchange in some sketchy places, but the unit of account is the dollar-amount on them. Which roles would cryptocurrency be actually taking?
> All i see are more and more govs and entities like blackrock being co-opted.
The way I see it, the optimistic utopian dreams of cryptocurrency are going nowhere. Meanwhile, big banks banks--or by upstarts trying to replace them in the same basic game--are trying to use "crypto" to grow while dodging normal laws and regulations.
No:
1. That's not being implemented as a permanent replacement for typical currency, that's cryptocurrency as a specialized temporary vehicle for accepting bribes and fleecing the gullible.
2. Even if #1 were not true, it's rather hard for a democratic government to react when key positions in that government have (temporarily, I trust) been taken over by a cult that profits from the scheme.
> It seems that it was you who misunderstood human nature. Greed always wins.
That's an inaccurately nihilistic view of what "human nature" encompasses. If greed always won, nobody would have pets, charities would not exist, parents would enslave their children, life-insurance would just be an invitation to filicide, etc.