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Powell: Northern European economies have moved away from cash to a remarkable degree, more so than the U.S.
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Powell said many questions need to be answered before adopting digital currencies in the U.S., including cybersecurity.
This is dystopian future he's depicting. once again is not cybersecurity what they fear, but the lack of control.
Not because it's right, but because they can.
Yes I agree. I think the gov't folks will continue to hammer as long as they can on the false narrative of crypto being a haven of criminals. I don't share your optimism that they can't stop it, maybe technically they can't really but they sure can make it hard enough for the average person in their jurisdiction to use that the difference between being banned and heavily regulated will make no practical difference. I don't think that overly pessimistic view will happen either though as so many of the moneyed class in power are already heavily involved in crypto. I suspect the end game is that all the old fogeys will hold onto their beliefs until they are replaced by new blood that has already embraced the technology and figured out ways to maintain or increase control while enjoying the benefits.
Ok
