because it's not exactly something backed by anything other than actual money, which is backed by debt (at least with USD)
for the argument, i also don't give a shit if transactions and crap are untraceable, and blah blah blah
you sure as fuck couldn't easily trace where all the potatoes you got scammed out of aside from the person's scent back in the old days, nor the gold, nor when the currency was made of actual precious metals
@ninja8tyu there are seller which take crypto usually digital goods but there are ways to exchange it for stuff like giftcards which you can use IRL or for normie stuff. https://monerica.com/ is a site to list things you can buy with monero. i imagine the list is a lot longer with a more popular crypto like bitcoin
its mostly backed by the amount of people willing to buy and sell it. bitcoin is worth so much because there are more people buying and hording it than selling it. ofc that is only one factor
it very much matters in the case of currency and especially digital which is easier to trace. its like if every dollar bill had its entire purchase history listed which can get you in trouble or burn its value
@Meemoo@ninja8tyu Crypto has been regulated to shit anyway. Good fucking luck buying bitcoin without jumping through 50 hoops.
I tried buying bitcoin from my regular site but was suddenly denied because my IP was foreign (VPN) and to unblock my account i have to submit proof of residency paperwork because of new "anti money laundering" regulations.
Like criminals would be retarded enough to launder their money through some normie crypto site.
@DarkMahesvara@Meemoo@ninja8tyu things like coinbase and NFTs were created by jews for the exact purpose of tricking people into thinking that cryptocurrency has no tangible use.