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>>I have never met a human being who is anti–FDIC (what insures bank deposits in the US up to $250k). you have met one now. I am anti-FDIC, and really anti-ba
by syshum 5y ago
>>I have never met a human being who is anti–FDIC (what insures bank deposits in the US up to $250k).
you have met one now. I am anti-FDIC, and really anti-banking in general, as well as anti-KYC laws, and anti-anti money laundering laws...
I am very surprised that people are "very in favor" of KYC laws, which if true highlights the ignorance the people have about how these laws are used by government to abuse normal people. Take a gander over to the Institute for Justice who has any number of cases linked to these and other similar laws.
The big bad "terrorism" has replaced the 70's and 80's big bad of "Drug King Pins" to justify all manner of abuse by government to go over small businesses, and ordinary people all in the name of stopping some <<insert your bogey man here>>
>>For it to be used as regular currency you have to have price stability. No one wants to go to the grocery store and find out that they lost 10% of their budget on the walk over.
Maybe not on the walk over, and bitcoin is not really that unstable either. This idea that fiat money, and the USD in particular is stable is really laughable. This year especially where I have seen my average weekly grocery bill increase by about 20%, and I am buying the same things in the same QTY...
But I forgot the Fed says this is not the inflation I am looking for and just hand-waves it away... so it is all good. No issues at all with Fiat money....