Comment by K0balt

Idk, my experience is that it works fine.

Even to the point that the cost of maintaining other payment systems was less cost effective than just dropping them and focusing on crypto only. FWIW we are not a “crypto” business, our focus is kinodynamics.

Our market is global and we are small from a payment perspective in this context, so our case may be a bit of an outlier, but our lived experience does directly contradict your claim.

I agree that speculation and crime is a problem, but the speculation market in global commerce and currency dwarfs crypto, así does the criminal usage of cash, so it’s disingenuously myopic to frame those as a crypto-centric issue.

The relative difficulties of regulation because of the decentralized nature of crypto does make it a hotbed for schemes that wouldn’t be practical under local regulations, but I have a hard time getting riled up about that when we have giant state sponsored gambling industries nearly worldwide.

If you were to compare the impact on criminal activity if you eliminated cash vs eliminating crypto, I think it’s easy to see that eliminating cash would be much more detrimental to criminal activity.

In all, the arguments being made are not at all based on a rational examination of verifiable ground truths. They are almost to a fault emotionally based arguments with a near hysterical pitch woven into them from the start.

It seems like some people fear crypto. I don’t know why, but they do. On some level, they fear the threat it poses to the devil they know, perhaps. Maybe that is why they react the way they do.