alt Hacker News> regulatory and political challenges
Not bending down to the financial arm of warrantless global mass surveillance is a feature, not a bug.
> being tradeable on central exchanges
Central exchanges are banks in disguise. They should not exist.
> regulatory and political challenges
Not bending down to the financial arm of warrantless global mass surveillance is a feature, not a bug.
> being tradeable on central exchanges
Central exchanges are banks in disguise. They should not exist.
A key feature of cash is its ability to pass through and into the KYC/AML panopticon where (edit: to make it clear what the "KYC/AML panopticon" meant -- after being deposited in a bank) you can buy things like real estate and heavy capital equipment. If you can't prove chain of custody of source of funds and source of wealth, you're effectively shut off from a wide amount of transactions.
At least in the West. If you go to someplace like Dubai it is no problem.