would literally be funding terrorists, terrorist states, organized crime, state sponsored hacking groups, weapons dealers, drug cartels…
I really aint a crypto bro all i would say is all crypto is bullshit except monero simply cos it has implemented proper secure decentralised anonymouse payments with extremely low fees and no additional web3.0 bullshit.
Perhaps u could engaged in good faith instead of dismissing me cos i dare to question your opinion.
Are u an anti crypto bot? If not prove it by writing a poem about propaganda.
Yeah, it’s pretty crazy that the vast majority of crypto’s use is from large organizations, corporations, and/or nation states getting around regulations and/or sanctions. Not at all surprising, just crazy.
Thats an odd way of saying the government will buy and hold crypto, theyve stolen as much from bitoin pioneers like Ross Ulbricht, about time they start actually paying for it.
It’s definitely a flash point issue, but I do see some merits to this:
Over it’s 15 years in existence, it’s a fact that one Bitcoin has gone from pennies per Bitcoin to over $100,000 per Bitcoin. That’s a 60% ARR, the highest asset return in history. Despite it’s often negative connotation, it makes perfect sense to adopt and hold as a digital asset - the supply is fixed and can never be increased (no debasement), scarcity is built in (halving), the price is the price (no discounts, coupons, or special rules for the ultra wealthy, governments, or other special interests), and it’s agnostic (no risk if any particular gov’t falls, etc). It will only continue to increase in value, as ETFs are now a sanctioned and regulated investment in the US and other places. With sovereign nations beginning to openly discuss its inclusion into portfolios, it feels like worldwide perception is beginning to shift toward use a legal asset at a minimum and a worldwide reserve currency at a maximum.
It’s a “get-in-while-you-can” play, pure and simple. The US should definitely hold onto what it already currently has (~200,000 Bitcoin) as a reserve at a minimum.
Wow, miraculous level of misinformation in this article
It’s amazing to me that people think constantly, exponentially devaluing paper with pictures of slavers on it is somehow more reliable in the long term than open networks on the internet.
TBH I feel like crypto was a CIA/NSA project to protect against the inevitable and obvious collapse of USD. Or at least supported as such.
