Eric Weinstein is also pretty convinced that Crypto will be criminalized.
I don't always agree with him on things (and his interview with James O'Keef showed he still has a lot of leftist biases emotionally bolted into his brain), but I think he's right about this. It's one of the reasons I don't have more of it.
Unless you are intimately familiar with global underground economies, the potential benefits of crypto won't be available for the standard consumer. Crypto transactions are tracked and extracting value from crypto requires interaction with payment processors and/or banks.
Depending on how widely used is the crypto, you don't have to. You can get paid in crypto and pay in crypto. A cash trade requires no interaction with a payment processor, and the "consumer" doesn't have to be the one that does that part.
Eric Weinstein is also pretty convinced that Crypto will be criminalized.
I don't always agree with him on things (and his interview with James O'Keef showed he still has a lot of leftist biases emotionally bolted into his brain), but I think he's right about this. It's one of the reasons I don't have more of it.
Unless you are intimately familiar with global underground economies, the potential benefits of crypto won't be available for the standard consumer. Crypto transactions are tracked and extracting value from crypto requires interaction with payment processors and/or banks.
a few companys including tesla were accepting it for a while... and didnt starbucks or somewhere announce they were going to take it lately?
Depending on how widely used is the crypto, you don't have to. You can get paid in crypto and pay in crypto. A cash trade requires no interaction with a payment processor, and the "consumer" doesn't have to be the one that does that part.