uh oh...
- Thread starter TraderTom1133
- Start date
ThIs iS NeCeSsArY FoR CrYpTo tO Be aCcEpTeD By tHe cEnTrAl bAnKs - sAtOsHi nOtCh yO MaMa
Nooby, I am not sure if you noticed, but your shift key has gone spastic.
And crypto began to pump, awesome
It's leveraged Nasdaq.
the folks who voted for this mummy, also have bowel control issues
We have just witnessed funds frozen at Celcius, Voyager, Vauld, and I can't even remember where else. Its of course pretty shitty that people who thought they owned these coins can't get them out.
Lets now discuss CBDC's though. Its not going to be a crypto project where your coins are yours to do what you want with, and certainly not coins you can put into cold storage. It will be a currency that is heavily tracked and can be cancelled at any time. In other words, the government can just as easily freeze or delete your currency at will, very much like the above mentioned exchanges that froze withdrawls.
So tell me, who will accept this? If the government forces this on people, how far will that go? I think we are far enough along in human evolution that most will not support a government that chains them up. And as long as we can vote, I would like to think personal freedom will prevail.
Lets now discuss CBDC's though. Its not going to be a crypto project where your coins are yours to do what you want with, and certainly not coins you can put into cold storage. It will be a currency that is heavily tracked and can be cancelled at any time. In other words, the government can just as easily freeze or delete your currency at will, very much like the above mentioned exchanges that froze withdrawls.
So tell me, who will accept this? If the government forces this on people, how far will that go? I think we are far enough along in human evolution that most will not support a government that chains them up. And as long as we can vote, I would like to think personal freedom will prevail.
What a stupid argument. The government could plant false evidence any time and lock anyone it desires up. Does it do that? No. Why not? Because it would make the masses lose faith in the government. The elites can only hold onto their power when the pawns keep walking and shut up. Chaos and a revolution is the arch enemy of the elites. By the same token any unjust freezing of finances will cause a mass hysteria and panic. Think man, before you claim stupid things.
I've been saying for some time that the success or failure of crypto and BTC in particular depends on it being under government oversight, to the dismay of the fundamentalist libertarian/anarchist tech devs who hoped to build something entirely outside the system. The market's reaction to the government announcement proves me right as crypto is seeing a bounce.
Ironies abound as a result; the fundamentalists will have to choose between ideals and greed while the crypto haters are fuming at the possibility of crypto's viability under global governments oversight.
Ironies abound as a result; the fundamentalists will have to choose between ideals and greed while the crypto haters are fuming at the possibility of crypto's viability under global governments oversight.