> Yeah it’s a fail safe from a government intervening in your financial affairs, but it’s also a fail safe from them protecting you by intervening in others. It’s the opposite of collective action.

Engineering is trade-offs.

Personally I prefer my money to be immune from collective action, given that it's personal funds and not collective money.

> Hard to calculate but it feels like a net loss in my book.

It is very nice then that nobody is required to use cryptocurrency for any reason if they don't want to. Everyone who holds cryptocurrency has explicitly opted in to those benefits and risks.

I wish I could say the same about US retail/consumer banking. I would abandon those criminals in an instant if it were possible. Unfortunately, everyone is opted into an unsafe system against their will, with no recourse.