Oh pray tell, what is the potential you saw in the technology? Was it the part where every transaction costs immense amounts of power and time and resource usage grows superlinearly with respect to usage? Or the part where the monetary system can be controlled by a few oligarchs with the most computing power or market cap of the currency instead of full nation states? Or the part where making payments comes with a built in fee, a bit like a tax without the upside of funding anything?

Or maybe you just like the part where governments can't print money to enact keynesian new deal style spending because boo hoo muh inflation. Maybe you think money should be made of magic yellow metal so that you can't invent more of it when needed? If you want to try what it's like when the state can't arbitrarily mint more cash, try living in the Eurozone. Some of us are fine, but many sure think they could use that moolah printer. Somehow not getting to conjure up new Euros at the drop of a hat has not brought in the triumph of the People's Economics.

Money without a state is not a better money, it's just nonsense. Money is always a tool of vertical power structures. A state government is just about the least worst entity to have control over money. Don't privatize money, consider abolishing it instead.

Excuse me, you seem to be lost. This is buttcoin. The sidebar reminds you that our purpose is "hurling ordure at cryptocurrency/blockchain dweebs of all sorts." And yet you are somehow so lacking in comprehension that you think we have "double standards" because we're not falling over ourselves to act like your lame-ass pretense that crypto has unexplored potential is a novel idea we've never heard of before? LOL. ROFL. LMFAO.

oh wow I haven't seen this vain and unmodern lazy coiner defense since probably 2015! retro

but simply that. merely retro. lacking in style and substance, and comprehensively having missed the interceding decade

like a reunion album but everyone's tonedeaf

In what world is crypto free and open? Never mind the fact that the public ledger is undercut by the difficulty of tying a wallet (or wallets) to specific people, which is possible enough to make transactions traceable for the average person while letting sufficiently motivated bad actors hide their behavior from observation in a way physical cash doesn't, the entire infrastructure is controlled by either whoever happens to have the biggest share of the crypto token or whoever has the most real money to buy server hardware and electricity.

Unless you want to talk about actual private block chains like they seem to be suggesting here, in which case you're literally dealing with a wildly inefficient but otherwise unremarkable database. If you think that replicating the ledger across multiple servers at different HUD locations is somehow more secure or open then I've got bad news for you about how modern IT infrastructure is already set up.