> The promises that cryptocurrencies want to gift to their users are continually sacrificed in the name of draconian regulatory compliance
The law isn't optional. Crypto doesn't change that.
> It's particularly interesting to watch various cryptocurrency platforms slowly transform into that which they originally detested, not of their own will, but via the strong guiding hands of US agencies.
The reality is that cryptocurrency exchanges aren't actually operated with ideological purity as a goal. They're profit-driven enterprises. They just want to be in the middle of the action and collect a percentage fee of all the money moving back and forth. They're not going to sacrifice profits in the name of arbitrarily resisting governments.