Obviously the energy waste and general inefficiencies of bitcoin / current crypto implementations are valid points, but I have some thoughts on some other points here:
> The ability for the government to censor transactions to terrorists, rogue states and oppressive governments is a good thing.
While that statement is true, I think it's important to keep in mind the context of how current "terrorists, rogue states and oppressive governments" are using fiat currencies. Governments do currently have the ability to censor those transactions, yet they are still operating.
> Inflation doesn't affect people who own assets, including real estate and equities, so long as wages keep pace with inflation. They have.
I don't know how valid the statement of "they have" is here. At least in the United States, real wages have not [0]. Besides, to my knowledge there is no rule in cryptocurrencies that says inflation does not or can not exist, so I don't think this is a counterpoint to the benefits of cryptocurrencies.
> I want my currency to be subject to "government coercion" when the courts say so.
This is a personal desire of yours.
> I for one do want the government to be able too regulate, control and trace transactions.
While this is also a personal desire of yours, I think I will also reference my first point of how governments are not doing a very good job of this today with fiat currencies.
Overall I think its obvious there are downsides to the current use and implementations of cryptocurrencies, but I think the value of them not being tied to any central agency is the key ideal and make them worthwhile.
> The ability for the government to censor transactions to terrorists, rogue states and oppressive governments is a good thing.
While that statement is true, I think it's important to keep in mind the context of how current "terrorists, rogue states and oppressive governments" are using fiat currencies. Governments do currently have the ability to censor those transactions, yet they are still operating.
> Inflation doesn't affect people who own assets, including real estate and equities, so long as wages keep pace with inflation. They have.
I don't know how valid the statement of "they have" is here. At least in the United States, real wages have not [0]. Besides, to my knowledge there is no rule in cryptocurrencies that says inflation does not or can not exist, so I don't think this is a counterpoint to the benefits of cryptocurrencies.
> I want my currency to be subject to "government coercion" when the courts say so.
This is a personal desire of yours.
> I for one do want the government to be able too regulate, control and trace transactions.
While this is also a personal desire of yours, I think I will also reference my first point of how governments are not doing a very good job of this today with fiat currencies.
Overall I think its obvious there are downsides to the current use and implementations of cryptocurrencies, but I think the value of them not being tied to any central agency is the key ideal and make them worthwhile.
[0] - https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...