If crypto ever represents a significant threat to establishment they can just pass a low banning it That's why I haven't bought into crypto despite knowing for years what a terrible idea it is to hold paper money. Am I wrong?
At that point they will remove or destroy the threat. Just like any other threat.If crypto ever represents a significant threat to establishment
My guess is Satoshi is probably a small group of people including Hal Finney.A fictitious character?
Why don’t they out Batman too?
Agreed. Government can't stop or destroy crypto, but they can attack centralized exchanges (CEX) like Coinbase and make it difficult for people to use crypto. As far as deanonymizing crypto users, government primarily relies upon centralized exchanges and their KYC rules. Take CEXs out of the equation and force individuals to use solid opsec (VPNs, mixers, privacy coins, p2p transactions) and it becomes next to impossible for them. China has "banned" crypto, yet crypto is still being used by individuals in China.Partially true but not entirely. If crypto is utilized efficiently its nearly impossible to track and maintain who owns what.
Don't throw gold under the bus, lots of people 'Legally' held onto ten ounces and subsequently sold them back to coin dealers etc at a much higher price later on. Even in the 1960's when the gold price in the US was still fixed, coins were being sold at much higher prices.1933 Executive order 6102 bans citizens from hoarding gold
1934 Gold Reserve Act transferred ownership of all monetary gold in the United States to the US Treasury and prohibited the Treasury and financial institutions from redeeming dollars for gold.