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Are Permissionless, Uncensorable, and Private Payment System Inevitable?

All Cryptocurrencies

by COINS NEWS 24 Views

As I watch the meteoric rise and rise of Monero/XMR, Zcash/ZEC, and DASH, I wonder if these technologies will become indispensable to average citizens wishing to escape monetary inflation, dystopian surveillance, and government/corporate tyranny? I'd say these coins have demonstrable utility, and nothing will change this.

I remember being a kid and watching a guy in my town get arrested for pirating a Metallica album on Limewire. I thought, "Will this really work"? I see many parallels between the file-sharing wars and the crypto movement. In the end, Hollywood and the music industry simply had to suck it up that people would be copying their content and sharing it as they please, which is the norm currently. They could not have lost any harder.

Are we approaching a time when the government and banks will convulse rapidly and try to criminalize private crypto transactions? And precisely when they attempt this, will they discover that this is a fool's errand, and become the laughingstock of young Gen Z crypto bros everywhere?

Private uncensorable crypto seems like an ideal solution to runaway inflation, surveillance overreach, and artificial friction and limits on the global economy. Therefore I conclude that its rise is inevitable.

submitted by /u/No-Masterpiece2246
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