eCash YouTube: 
WhyCrypto 2
📺

eCash YouTube: WhyCrypto 2

Item Number: Y0002 Type: Video Transcript

Content

Episode 2

In the early days of crypto, everyone knew government over-reach was bad for money. That was the whole point. People got into crypto because they wanted control over their own money.

Satoshi started crypto for the same reason. Bitcoin launched in response to the 2008 financial crisis, which saw banks and governments abuse their monetary control at the expense of individuals.

More than a decade later, has any progress been made?

More people know about crypto now, sure.

But governments can still effectively freeze bitcoin by blacklisting addresses from exchanges. This was done in Canada’s response to the recent trucker protest.

Without privacy features, you have a bank account.

What’s weird is that crypto has incredibly sophisticated privacy tools already available. They’re just not available n popular coins like Bitcoin and Ethereum.

So why are users ignoring privacy? Why now, when it seems more important than ever?

In 2021, Users didn’t mind giving up privacy to transact with popular coins. People wanted to show off NFTs and even their latest vanity ETH address.

Well, that might not be true for much longer. If you want a crypto you can use no matter what – that is, if you want to actually use crypto -- you need privacy.

You need popular features, but those features are only valuable if you also have privacy.

This is what we’re building on eCash.

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