If we want to use technology in real world to solve real world issues, we need to consider all important non-technical things.
Nuclear Energy is great, but governments and international organizations want to control it because it is too dangerous. So, if we need to use Nuclear Energy, we must play by such rules.
Money is the same thing. Each government wants to control them, regardless of their form.
If someone wants cryptocurrencies to be widely adopted, there is no option but to give them to businesses and governments.
So, crypto would be regulated like usual money. Major blockchains have records for all transactions, which can be tracked and used by businesses and governments to implement more strict control over the whole world. Therefore, the more people use crypto, the less privacy they have.
The Internet and Web were designed to be anonymous, but cookies, IP addresses, data collection, ML/AI, IMEI, MAC, and the control of registration in ISPs and mobile operators have led us to a situation where the government and companies can easily track people. The same situation would be with crypto, which was designed to be anonymous but used in another way.
Nuclear Energy is great, but governments and international organizations want to control it because it is too dangerous. So, if we need to use Nuclear Energy, we must play by such rules.
Money is the same thing. Each government wants to control them, regardless of their form.
If someone wants cryptocurrencies to be widely adopted, there is no option but to give them to businesses and governments.
So, crypto would be regulated like usual money. Major blockchains have records for all transactions, which can be tracked and used by businesses and governments to implement more strict control over the whole world. Therefore, the more people use crypto, the less privacy they have.
The Internet and Web were designed to be anonymous, but cookies, IP addresses, data collection, ML/AI, IMEI, MAC, and the control of registration in ISPs and mobile operators have led us to a situation where the government and companies can easily track people. The same situation would be with crypto, which was designed to be anonymous but used in another way.
Don’t lie to yourself, bro.