My beef with them is that they’re either pushed by scammer to empty honest but gullible people’s bank accounts, or they’re used to pay for illegal activities because they’re totally opaque and unregulated.
Scammers also use gift cards, checks, wires, cash, bank accounts, investment funds, and many other means to accomplish this. Several of them are tightly regulated and it does not seem to deter or prevent the scams from occurring.
My other beef is that they’re really securities and they’re not subject to the rules on securities for a reason that totally escapes me.
Admittedly, I am not well versed in this area. Do you foresee a way to properly subject cryptocurrencies to the same/similar regulations as other securities while still providing many/all of cryptocurrencies’ benefits, including anonymity? Are the legitimate cryptocurrency exchanges (eg: Coinbase) not subject to those regulations? How different is this from individuals being taxed on gains/losses from cryptocurrencies?
I don’t do cryptocurrencies both out of self-financial preservation, and also because I refuse to participate - and thus promote - stuff that’s generally bad for society as a whole.
The first part is in relation to investing in cryptocurrency moreso than using cryptocurrency.
What makes cryptocurrency generally bad for society as a whole? While I am not familiar enough with the current estimates, I know there are environmental concerns (eg: water/electricity usage, required hardware, etc.). I concede that the environmental impacts may be (and likely are) worse than traditional fist currencies, I am unaware of other reasons that make cryptocurrency generally bad for society as a whole.
Trump loves em
Many privacy advocates also love cryptocurrency. Two different people or groups of people (no matter how similar or different) can have one or more shared interests, even if the reasons or motivations are drastically different. It is likely best to avoid politics on this topic.
There is no one-size-fits-all solution and there likely isn’t a solution that works for everyone even in specific situations due to different threat models. Purchasing and using a custom domain is often listed as a good practice for maintaining a person’s privacy. However, it can be even more detrimental to a person’s privacy than just using a trusted email masking/forwarding service and trusted email provider. For example:
Please note that I am not saying that this is not a good option, but I just wanted to note some of the things that should be considered if a person decides to use a custom email domain to improve their digital privacy.