Most people in crypto are to stupid to understand it’s true purpose. Then you have gambling addicts. None of these people know what a blockchain is or why it’s important. Or do they know what central banking is.
It will take stupidity in order for crypto to work. Meaning, once normies realize you can hide money with something like Moreno or buy with say no sale tax with a similar coin. Then it will catch on.
We are a long way from that.
All that means is we're still early. I'm sure some people stumbled in to the right choices when the stock market was cooking up first as well. Hell, I'd bet there's some people that bought something like Microsoft or Apple around its inception but never expected the current situation. In much the same way, while they may have had some stroke of genius, there's no shame in waiting your turn and if you understand what you bought like you claim, I wouldn't worry a bit. Again, we're still early.
The problem is that we might be so early that it never happens in our lifetime. It will take either break away communities or mafia era like schemes used by a decent amount to avoid some kind of tax/regulation
I wouldn't worry about that. Regulators have no precognitive moves. Their only game is that of reaction. I'd guess they regulate so hard they affect other areas enough that it makes too many investors flee or restructure to the point they can't easily draw funds anymore or we see the US give up in the near to moderate term to give in to the flourishing potential.
They're on a slippery slope. If they try to block too much, innovators will give up on the US. There's already a huge movement to leave the US as a wealthy person. I truly wouldn't worry much about that.
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