> Who do you hold accountable when your crypto funds get lost? Who do you go to when your crypto funds go to the wrong address?
> Many have tried this with crypto and this has completely failed as unrealistic at any scale.
1) I know it's scary, but living with personal responsibility can be a thing that some people actually want.
2) We're extremely early into the invention of cryptocurrencies. Bitcoin is only about 14 years old. Better interfaces and best practices for how these things are handled and moved around are developing. You remind me of somebody being around in say 1978, seeing the simple computers of the day, and remarking that there's no practical use for normal people having a computer because you think that they currently suck and cannot conceive of them improving.
3) Look at human economic history. It took humans in some cases hundreds of years to figure out what we might see as best practices for new accounting concepts or technologies. Some kind of basic ledger system with tablets, sticks, or other implements proving that a tax payment or loan was made took a long time to figure out. Humans didn't know how to handle silver coins initially, it took time to figure out that hey had to put ridges on gold/silver coins to prevent certain people from clipping chunks off them. Fiat has been around a while and many humans still haven't made the connection between printing money and inflation directly robbing them. Is it any surprise that crypto isn't completely developed just 14 years in?
> nobody or any business wants to use or deal with in the real world
Do you not notice an inherent contradiction in what you're saying: why would you need to block exchanges if nobody wants to use it in the real world?
> The government won't accept your crypto / magic beans as a way to pay your taxes.
"Use fiat. Not necessarily because you think it has the best attributes for you, but because men with guns will throw you in a metal cage if you do not."
> 1) I know it's scary, but living with personal responsibility can be a thing that some people actually want.
Right, so it's the OP's fault if you get your wallet randomly drained by hackers and you admit that once a bad actor drains your funds you cannot retrieve them again. This is really helpful for the OP.
> 2) We're extremely early into the invention of cryptocurrencies. Bitcoin is only about 14 years old.
It is not early days at all. Repeating this meaningless cultish incantation doesn't mean or do anything. There are other payment systems that I have mentioned that are proven to be WAY better than crypto.
To be on topic to help the OP, all your arguments have further convinced me that crypto is absolutely NOT the answer to help this person should a situation like this happen.
I don't think anybody would want to use a system that has no fraud control, isn't regulated and doesn't protect their funds.
It seems to me you feel that we need to waste almost 12BN in crypto scams, rugpulls and ransomware just to build the future of finance without need for the state.
Have you stopped to consider that what crypto might be building is, a much much MUCH worse system that what is currently marketed towards victims?
> Why would you need to block exchanges if nobody wants to use it in the real world?
As I said before, the only use case in all of this is price speculation and the exchanges facilitate this and also harbour the selling of illegal securities. There is no other legitimate use case.
And after FTX, there is no convincing anyone anymore and you're completely losing a very very uphill battle and resorting to fanciful, loony pie-in-the-sky libertarian arguments.
It's more of a case of current system already uses fiat and it works better than what crypto is trying to replace.
> Many have tried this with crypto and this has completely failed as unrealistic at any scale.
1) I know it's scary, but living with personal responsibility can be a thing that some people actually want.
2) We're extremely early into the invention of cryptocurrencies. Bitcoin is only about 14 years old. Better interfaces and best practices for how these things are handled and moved around are developing. You remind me of somebody being around in say 1978, seeing the simple computers of the day, and remarking that there's no practical use for normal people having a computer because you think that they currently suck and cannot conceive of them improving.
3) Look at human economic history. It took humans in some cases hundreds of years to figure out what we might see as best practices for new accounting concepts or technologies. Some kind of basic ledger system with tablets, sticks, or other implements proving that a tax payment or loan was made took a long time to figure out. Humans didn't know how to handle silver coins initially, it took time to figure out that hey had to put ridges on gold/silver coins to prevent certain people from clipping chunks off them. Fiat has been around a while and many humans still haven't made the connection between printing money and inflation directly robbing them. Is it any surprise that crypto isn't completely developed just 14 years in?
> nobody or any business wants to use or deal with in the real world
Do you not notice an inherent contradiction in what you're saying: why would you need to block exchanges if nobody wants to use it in the real world?
> The government won't accept your crypto / magic beans as a way to pay your taxes.
"Use fiat. Not necessarily because you think it has the best attributes for you, but because men with guns will throw you in a metal cage if you do not."
Not the most persuasive argument for me, sorry.
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