The Disadvantages of Cryptocurrency

The only problem that central bankers have with crypto, it seems to be that it's not government money. Facebook at the time put down essentially the gauntlet as this huge company with this huge user base and frankly, it terrified central bankers and policy makers. It's just been so unfortunate though that the mindset has been, we have this moat, the private sector figured out how to make a bridge and now, oh my gosh, how do we make a bigger moat?