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Governments Hate Bitcoin and Cash for the Same Reason: They Protect People’s Privacy.


...If advocates of expanded power are going to be so transparent about their motivations in opposing cryptocurrencies and cash, if they're going to be so explicit in their hostility to the anonymity and liberty those means of exchange offer people, we should take them at their word. Let's be clear in response that what they see as problems are the precise features we like about cash and cryptocurrencies. We support our well-worn folding money and bitcoin and its successors to come precisely because they put at least some of our activities beyond the reach of control freaks who want to monitor, tax, and regulate our lives.

Cryptocurrencies and cash are valuable not despite their anonymity, but because of it.

Reposted byp856 p856

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