Crypto currencies ought to be forbidden, for various sound reasons.
- Money laundry; they are the preferred choice of criminals;
- they’re primarily speculative, work as a pyramid scheme;
- it is subversive, negates the quintessential aspect that currencies are brought in circulation by authorities which can be held accountable;
- the mining has the energy demand of medium-sized nations;
- conventional currencies are actually like a fine barometer for a country’s financial and economic situation.
Not satisfied with the close relationship between authorities and banks, let’s address that. Not replace currencies.