Comment by nprateem

> Crypto provides the exact opposite value: it cannot be controlled, no matter how robust your power structure is. It can be insured, at a significant cost, but not controlled.

This is such a naive claim parroted by crypto enthusiasts. Lots of criminal things can't be 'controlled' (e.g. stopping people murdering, stealing, etc.), but there are consequences if you do them.

Crypto could easily be controlled by laws or punitive taxes. KYC is a step in that direction. But still this claim keeps coming out. All they need to do is control the off-ramps.

It's like the one "but, but, there will only ever be a fixed amount of BTC, so it's valuable!". There will only ever be a fixed amount of my turds, but I don't see them up for auction. It also doesn't explain why BTC is the valuable one but not all the clones (spoiler: it's the brand name).

It's easier to just parrot some grifter's justifications than actually thinking for yourself I guess.