Accidentally downvoted you at first, whoops. Catch 22 indeed! You develop an alternate currency because you want freedom from {government, bad actors, censorship, institutions} but any way you look at it you end up replacing it by something that runs into many of the same issues. I guess it's just inherent in trading things for value - people will want to twist it to their own gain, overruling the freedoms of others.
Regulations exist for exactly for this kind of thing. But you're right, how can it be done right? Catch 22 any way you look at it.
Accidentally downvoted you at first, whoops. Catch 22 indeed! You develop an alternate currency because you want freedom from {government, bad actors, censorship, institutions} but any way you look at it you end up replacing it by something that runs into many of the same issues. I guess it's just inherent in trading things for value - people will want to twist it to their own gain, overruling the freedoms of others.