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Message Subject I have Uncle Intel On CRYTPO
Poster Handle Zalinsky
Post Content
All I know is that USG has thrown people in jail for even considering the creation of a gold-backed competitive currency.

Two things gives the USG power: the US military and USD as a monopolistic global reserve currency.

I love the libertarian dreams of the crypto bulls, but if you think the USG is going to just going to stand by and let BTC upend the its USD monopoly, you are delusional.

They don't actually care much about BTC is a speculative instrument, but when they start hearing analysts suggesting the CFOs should replace USD on their balance sheet with BTC, it perks their ears. They will now use every device of government that is required to crush that idea.

Microstrategy and Tesla will both be puking out their BTC positions before the end of the year.
 Quoting: Zalinsky


Or maybe they will HQ elsewhere and not be an American company anymore. I could see Musk doing something crazy like leaving the USA for some tax haven and declaring Tesla's official address as Mars.

The system that runs the USA is about to learn a big lesson soon and that is crypto is untouchable and has created a new breed of untouchable people, people who are not paper rich like the retards running congress, but those who can dump in to the fiat system, short a bank, and dump out again, people with ACTUAL REAL POWER.
 Quoting: Anonymous Coward 78471717


WTF are you talking about?

Buying food, housing, etc. still requires fiat in 99.9% of cases. Crypto wealth is only accessible if there is an on/off ramp. If you are a US citizen/resident, that's a major problem.

Even if you are not a US citizen/resident, the central banks are all connected and are on the same team. The EU will be just as restrictive, if not more so.

The system that runs the USA is about to learn a big lesson soon..

No, the crypto crowd is going to learn a lesson along the lines of Snowden/Assange that the USG is ruthless in the protection of it monopoly, and they will not allow a thing like rule of law to stand in their way.
 
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