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I don't like cryptos for multiple reasons, a lot of which could be fixed in the future. But we're way over the phase where governments would ban it, on the con
by raducu 6y ago
I don't like cryptos for multiple reasons, a lot of which could be fixed in the future.
But we're way over the phase where governments would ban it, on the contrary, I think bitcoin is a last resort fix for the immense global debt.
My wild theory is after elites load up on bitcoin(and also a lot of ordinary folks) governments would change bitcoin to bitcoin 2.0 and completely crash other forms of fiat currency, wiping the huge fiat currency debts in the process and also shutting up all the people who want anonimity in bitcoin(because they would lose a lot of money otherwise).
- deleted 6y ago[deleted]
- bbarnett 6y agoGovernments have banned many things, wildly popular things, even in democratic nations. While I agree popularity reduces risk, some Governments have banned alcohol for years, or how about even banning certain types of securities (2008 crash)? To say it is not the same is moot, for, the point is things get banned, popular or not.
- Salgat 6y agoChina and the US will never give up monetary policy, it's one of their most powerful economic tools.
- raducu 6y agoI know, and it's just one of my tinfoil hat theory, but the fact that they haven't banned it already, or the USDT on some obvious money laundering issues, just fules my paranoia that taking over the future dominant crypto is more beneficial than just banning it now.