crypto

Had a conversation with a hedge fund manager earlier

His biggest reason for crypto skepticism (esp. the macro thesis):

Since crypto is going after “money,” the biggest risk is sovereign states banning it
And the more successful crypto is, the more likely it is to be banned

What are your best counter-arguments?

building a crypto hedge fund | /comma, comma.org/, & /ic | in pursuit of more aliveness | prev: founding team @ Tally Health, investor @ L Catterton

i don't think crypto is necessarily *going after* money

it's going after tokenization of value

money as a digital object is also the tokenization of value, altho not necessarily on a blockchain

the govt can try to stop protocols (see tornado cash) but they're not really stopping it, just proscribing interactions 

open source software that secures value will likely persist despite govt attempts to stop it