[ClapperHeid]

The original principles behind crypto are sound.

If you're happy with your government; being able to know everything you spend your money on, being able to seize your assets, being able to freeze your bank accounts, being able to prevent you moving your money around, being able to invade your privacy to allow you to access your money, being able to control who you can and can't send your money to or receive money from... then crypto does probably seem like a scam and a ponzi scheme.

And, yes, of course, there are as many scammers and shitcoins out there as you can shake a stick at. Any "scheme" which can potentially generate cash will attract such people. Cryptocurrency is no different in this regard.

But, as I said, the basic concept is sound and something anyone who believes in personal freedom can get behind. And, if crypto is such a "bad thing", why are so many governments suddenly interested in developing their own digital currencies? It's almost like the whole "USA / Huawei, TikTok... etc." scenario all over again. This technology is evil.... up until "the man" invents his own version and takes control of it.

[verdverm]

Governments have seized cryptos, they do not give you protection, they do not help you escape taxes. In the end, they have more guns and can enforce the law, in addition to most people in society having expectations about rules around money

[ClapperHeid]

They've seized cryptos from exchanges and from impounded computers. They can't seize them if you haven't got them on an exchange and you have your secret keys well hidden.