RATE Group | Do Average Users Care if Cryptocurrency Is Censorship Resistant?
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Do Average Users Care if Cryptocurrency Is Censorship Resistant?

Do Average Users Care if Cryptocurrency Is Censorship Resistant?

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The number one most salient selling point of cryptocurrency is censorship resistance. The idea that this is something anyone can use for any purpose, and that the risk of transactions being blocked or reversed is statistically effectively zero, is the number one reason to use blockchain-based decentralized digital currencies to begin with. However, when estimating the long-term value of this, we have to see whether most people even want this key component. Does the population at large even care about the biggest thing crypto is selling?

The average person doesn’t know, or care, about financial censorship

The holy grail, the raison d’être, of cryptocurrency as we know it is its decentralization. While this aspect may be exciting and important to crypto nerds, the average person just doesn’t care all that much. This is because most people don’t experience their finances being censored on a regular basis. They work, receive money in their account, swipe their cards…

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