[UnbelievingScumOnTheOtherSide]

The purpose of cryptocurrency is to not let the government know you are using cryptocurrency.

[Rurudyne]

Banks want in on he game.

[amorphous]

It's an open ledger system with each entry cryptographically recorded, one entry on top of another in chain fashion, so new entries serve to protect previous entries' validity.

All monetary systems are a means of accounting for transactions between individuals. The most sound systems for individuals are those systems not so easily corrupted. Not so, in the minds of rulers and those in charge of creating and distributing money.