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As with all things, the greatest strengths are simultaneously the greatest weakness. The government can't regulate bitcoin, which is a great advantage, but the government can't regulate bitcoin, which is a great disadvantage. Taxes must be collected, and if there is a way to shirk that responsibility, then people will do it. Economic sanctions on countries are sometimes necessary diplomatic tools, yet cryptos provide a pathway to circumvent it...
Probably our method of governance, education, and other institutions are archaic and in need of fundamental updating, but a smooth transition is preferable over abrupt and violent change.
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