[quote=carlsbadworker]
2. “Why does anybody think that governments are going to let untraceable money stand?…governments will be left with no choice other than to take action.”

Why does anybody think that governments are going to let free speech to be mediated by a few large company like Facebook? Again, if you take a US centric view, maybe there is more to lose than what the government could gain. But Chinese government is already minting cash digitally, in a re-imagination of money that could shake a pillar of American power.
[/quote]

Don’t follow your analogy but that’s OK.

News articles are starting to appear showing the US government can indeed trace crypto to a large degree. So it’s not untraceable. I still think it will be regulated somehow but it may take a major crisis of some sort to make that happen.

[quote=carlsbadworker]
That all, said, I have no doubt that crypto is in bubble territorial, but bubble is maybe what we need for every technology revolution. In fact, you look at history, every major technology change comes with a financial bubble. Industry revolution -> South Sea Bubble; Railroad -> Railway Mania; Age of Oil/Automobile -> The roaring 20s; Internet -> Dotcom bubble. It is the bubble that provides the financial capital to lay out the infrastructure to allow the next generation of entrepreneurs to take advantage of it.

I do not personally own crypto…other than the free credit from my coinbase account. But I think it is wrong to completely discredit crypto…and there might be good investment opportunities after all the dust has settled.[/quote]

I do agree with you on the bubble aspect. It’s now worth half what it was when you wrote the above.

And we haven’t even reached a point where unemployment is high. I would imagine it will go much lower when that happens.