The bitcoin ecosystem is a cesspool of ransomware payoffs, international money laundering and speculation. Eliminate 2 of those use cases via financial surveillance and I will be happily surprised if the 3d survives, or if any similarly robust marketplace springs up from the ashes. Because the bitcoin ecosystem is such a mess, it's not worth saving, in my opinion. It's a feature, not a bug, and it gives all alt-moneys a bad reputation.
I don't like dragnet-style financial surveillance, in general. If it bothers you when applied to bitcoin for philosophical reasons, it should bother you more when applied to other alt-moneys with less nefarious uses.
Any dragnet surveillance applied to Bitcoin will apply to other alternative digital currencies as well. If you want a future where people have financial privacy/freedom, you should not welcome dragnet surveillance of any digital currency, let alone the current flagbearer of digital currencies.
The bitcoin ecosystem is a cesspool of ransomware payoffs, international money laundering and speculation. Eliminate 2 of those use cases via financial surveillance and I will be happily surprised if the 3d survives, or if any similarly robust marketplace springs up from the ashes. Because the bitcoin ecosystem is such a mess, it's not worth saving, in my opinion. It's a feature, not a bug, and it gives all alt-moneys a bad reputation.
I don't like dragnet-style financial surveillance, in general. If it bothers you when applied to bitcoin for philosophical reasons, it should bother you more when applied to other alt-moneys with less nefarious uses.