In the direct competition between cryptocurrencies and fiat money, crypto is not afraid of fiat. As a matter of fact, crypto loves politicians continually melting the value of their fiat money.
Yes, but politicians make the laws. I'm not anti-crypto -- I just think if you're not factoring in that the current cryptos will eventually be a threat to big government you're not being realistic. Who knows how this plays out but it's a risk that should be considered.
Let's get this straight, politicians are afraid of crypto. Crypto is not afraid of politicians. ---> Let's get this straight, politicians are afraid of crypto. Traders are not afraid of Crypto.
%% But all of them are afraid of the IRS in USa; if they have any sense that is. Like the tax lawyer counseled ''think carefully before you answer that[ bitcon question] on your tax form/LOL''
I am very much anti politicians... so come on crypto, kick asses. I want to see them cry. Fact is that, a crypto, which is "just" a string, abstract, deep fried air without backing some would say... has a lot more use and reason to be, than most politicians. Crypto might waste some energy, politicians are a massive oxygen waste.
It is a joke, politicians can outlaw crypto in a heartbeat. All it would take is some coordination between few global powers. Game over then, cryptos is not some magic thing, it requires hardware to run. Just removing Tethers alone would blow up whole crypto space.
I saw this video the other day and Tom's "one way trade" thesis made me realize people aren't thinking about this objectively. Again, I'm not anti-crytpo but you have to understand that this this can get shut down and there is no barrier to entry.
Let's get this straight, politicians can stop crypto. Crypto is not able to stop the politicians. So cryptos should be afraid of the politicians. Politicians should not and are not afraid of crypto.
Oh don't worry, there are many politicians involved with crypto. Some are probably even lying about it. Crypto has nothing to fear, as it's enemies will be a footstool for it's feet and a light for it's roadway..