Cash is significantly harder to handle and move, while being easier to track.
And I agree with you there. State action is useful primarily to solve coordination problems and handle negative externalities. The existence of bitcoin markets is a pretty significant negative externality due to the coercion it facilitates.
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Cash is anonymous as well. Exchange of cash can be anonymous.
And just because something can be used in a harmful way, doesn't mean it should be illegal.
Cash is significantly harder to handle and move, while being easier to track.
And I agree with you there. State action is useful primarily to solve coordination problems and handle negative externalities. The existence of bitcoin markets is a pretty significant negative externality due to the coercion it facilitates.
But cash still exists as a potential threat right?
You know for a fact the benefits of bitcoin outweigh the positives? Could you share some of this data perhaps?