Imagine every Cartel and gang and terrorist organization around the globe finding out they can circumvent any and all financial laws with Crypto.
I have a solution to that. The big time criminals will still get in trouble, the but the little guy will be left alone by the State:
...
"Only approved virtual currencies by the authority are considered legitimate and can be traded, sold or promoted to public"
This means govt is the legal arbitrator of forks...
Implausible when we will have anonymity on microtransactions. My conjecture is the governments can't afford to spend $1000s tracking down every $0.0001 transaction.
Although we will
never have absolute iron-clad anonymity, since most people won't be doing anything illegal (e.g. sending an automated $0.0001 microtransaction when they click read a blog or listen to some music) and the coming Internet I am going to create will run on microtransactions, the governments won't be able to outlaw microtransactions. Will simply be too essential to the economy and popular to outlaw.
And privacy is important to everyone. Who wants the government snooping in your legal private affairs. We know that TSA agents were caught masturbating to the naked images from their airport body scanners.