Crypto vs Government Control

Isn't the whole idea of crypto is being free from governments' power? And now being crypto isn't good for crypto?

If they don't like it, governments could block the use of that currency, make it illegal, or force people to exchange it for a state-backed crypto currency. There's no reason to think crypto currencies will make people freer or end any war. Eventually governments and corporations find ways to control all these tools that are supposed to give people freedom.

The very idea that cryptocurrency is an "uncensorable currency" is just fundamentally false, yet is a common refrain of crypto supporters who somehow think crypto can exist outside the realm of government control.Governments can choose to make anything they want illegal, and they have the guns to back up that decision. Sure, it may be easy to make crypto transactions more surreptitiously, but at the end of the day someone is going to want to spend that crypto on something that has r

Crypto will end up being used as a tool for governments to control monetary flow. Congratulations.

not really. In cryptospace governments want to ban things. Measures need.to be taken as this is just a centralized tool for the decentralised economy

You're taking an absolutist view. Crypto currencies weren't intended to free people from every constraint of society, just a few constraints, and only to a degree.Crypto clearly has the potential to make enforcing trade and currency restrictions far more difficult. When it's too difficult to enforce a rule, governments can (1) stop enforcing it; or (2) ratchet up the penalty when someone does get caught as a deterrent. The second option can lead to unpopular disproportionate pu

Unfortunately it is not clear that crypto will be able to prevent this. To allow for participation from people in the legacy economy, at some point an exchange between cash and crypto must be made. This is the weak point that can be easily attacked by governments and the banking oligarchy. Additionally, if disfavored entities begin using crypto and thriving on it, the government will simply find an excuse to sieze it under money laundering or terrorism laws, or will make something else up on the

Crypto was not designed to bypass state but to provide transparency and stability to currency/money. Say you are in Venezuela where your money is constantly devalued and your political power is diminished, every option that you have to survive that doesn't harm people directly should not be considered in high horse moral terms.

Maybe so, but needing to bribe an unfriendly government to access your funds is the type of thing cryptoassets were meant to obviate. So you might call capitulating to a government in control of it's nation's financial system, "the antithesis of crypto."

one thing crypto is pretty decent for is hiding a bunch of money from authorities