Trump: Cryptocurrency ‘a Very Dangerous Thing’ — ‘I Like to Have the Dollar’
(www.breitbart.com)
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Depends on what coin you're talking about. Bitcoin has a cap of 21 million coins with about 18.9 million mined to date.
So far, certain stablecoins are operating exactly like the fed. Tether is the worst offender, printing BILLIONS of tokens at a time. Tether tries to maintain a 1-to-1 ratio with USD. This makes for easy manipulation of the cryptomarkets.
To answer the earlier question, cryptos are all digital, so in that aspect it's cashless. On the other hand, a lot of cryptos provide some kind of utility and are used to power Web 3.0(decentralized internet). Crytpo tech can be used for good or for bad, so we have to be vigilant about it and make sure our lawmakers avoid passing legislation that pushes it towards that cashless system.