1) Despite crypto being around for just over a decade and real commerce being transacted with it, we're still in the frighteningly early days of its use. I'd say that even super-smart technical people are just barely scratching the surface and it's probably going to be about 3-5 years before an average technical person has a proper understanding of what a blockchain is and how it works, let alone understanding the ramifications of oracles when combined with smart contracts. Everybody is entitled to their opinion, but there's no chance that the general public really understands crypto right now, especially when their impression of it comes from a media that doesn't understand it either.
2) Regardless of most peoples' understanding of it, it should go without saying that human rights should not be up to a poll.
> want crypto banned simply because its uses seem to be almost entirely restricted to criminal activity
1) I don't know what percentage of crypto uses are normal commerce and which are criminal actions, but I know firsthand that crypto is used for all kinds of business payments for years.
2) You might as well advocate banning paper cash, most banks, etc if you want to ban something tied to crime.
> and speculation (i.e. gambling).
It should go without saying that even the worst excesses of gambling are legal in a free society.
If you want to ban all financial speculation, you might as well ban all betting and the stock market too.
I stand by my statements. Bitcoin is a bad currency for anyone but criminals and speculators. People toy with using it for legitimate purposes, but it's fundamentally not competitive.
Most of your response is based on a failure to understand how useful things that can be misused are different from things that have virtually no good use and lots of bad ones. If Bitcoin was banned tomorrow, the world would be no worse off.
1) Despite crypto being around for just over a decade and real commerce being transacted with it, we're still in the frighteningly early days of its use. I'd say that even super-smart technical people are just barely scratching the surface and it's probably going to be about 3-5 years before an average technical person has a proper understanding of what a blockchain is and how it works, let alone understanding the ramifications of oracles when combined with smart contracts. Everybody is entitled to their opinion, but there's no chance that the general public really understands crypto right now, especially when their impression of it comes from a media that doesn't understand it either.
2) Regardless of most peoples' understanding of it, it should go without saying that human rights should not be up to a poll.
> want crypto banned simply because its uses seem to be almost entirely restricted to criminal activity
1) I don't know what percentage of crypto uses are normal commerce and which are criminal actions, but I know firsthand that crypto is used for all kinds of business payments for years.
2) You might as well advocate banning paper cash, most banks, etc if you want to ban something tied to crime.
> and speculation (i.e. gambling).
It should go without saying that even the worst excesses of gambling are legal in a free society.
If you want to ban all financial speculation, you might as well ban all betting and the stock market too.