Outlawing it may Streisand-Effect it into true ubiquity and ensconce it as valid and essential. I think world powers know this, which is why most of them have avoided that unintended consequence.
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It's useful because you need massive amounts of energy to attack the network, without the need for a centralized arbiter that can be compromised. (This is why Eth is worthless, because of Vitalik bending over to fork the chain whenever a whale gets robbed)
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But why should I care whether the chain is forked or not?
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(That is, why should I think these have value in the first place?)
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It's just a trading token, a dollar doesn't have value either. Hell, gold only has value because it's durable and rare and people like it, it's not like gold has any particularly useful properties when viewed in the context of its rareness. All money is shared delusion.
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Gold is both useful and pretty. The dollar is required by law and backed with force.
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That's why gold is not ideal as a currency. Its rarity and useful electrochemical features shouldn't be tied up artificially as a proxy for valuing other things.
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That's actually what makes it useful as a currency
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The ideal currency is one that has absolutely no value whatsoever, but meets all the characteristics of a currency. One never has to worry that some new use of a cryptocurrency will artificially change its value because storing value is the only thing it does.
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