Crypto was never intended for general public use. It was initially for ‘dark web’ purposes for dealing illegal drugs and pedophilia and other prostitution reasons.
I’m of the opinion that this honeymoon period the public is in with Crypto will not last, because the government is never going to let the public make money free of government taxes and general interference. FedGov wants their cut, and they will get it.
> Crypto was never intended for general public use. It was initially for ‘dark web’ purposes for dealing illegal drugs and pedophilia and other prostitution reasons.
I suspect you’re off target. BitCoin, for example, is very open. The ledger is fully visible. It was painfully obvious from the git-go, every BitCoin transaction is traceable. The motivation was to provide an alternative to Gov’t-manipulated fiat money.
Now, it is true criminals and fraudsters have created criminal enterprises around crypto. But they do it with real money too! Even Gov’t-issued funds, e.g. it’s pretty obvious a substantial amount of Gov’t spending is mostly a vehicle to launder tax dollars into the pockets of the connected.