U.S. Treasury Department says that DeFi and decentralized crypto markets threaten national security
(twitter.com)
-STRAIGHT UP PANIC MODE-
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It's a global currency. How is it good???
Wealth redistribution at its finest.
Subset of the same reasons the gold standard was good?
How is gold controlled?
It's not really at all, just synthetically due to Federal reserve notes, who remembers a democrat outlawing gold ownership?
(Federal lands) It's dug out of the ground.
Why do you think most of the west is owned by the feds? It's not oil. It's gold and silver.
Crypto like Bitcoin is not controlled by anyone just like gold. Crypto like Ethereum is controlled by some company. I might agree you if you meant Ethereum
Bull shit. I purchased my first coin for less than $5 usd.
5-6 years ago all big banks were condemning BTC. Then within weeks bought hundreds of millions. 18 months later, they announce it. Now how many fraudulent exchanges etc???????
YOU STILL THINK ITS NOT CONTROLLED?
Keep telling yourself that.
BTC has been susceptible to a 51% hack since day 1.
Any commodity/security/crypto can be manipulated if you own enough. If you don't understand that. You should stop "investing"
GME is a prime example. Only illegal activity is keeping it from exploding.
Wealth redistribution, by definition, is the forceful taking of property of he who has honestly acquired it and giving it to he who has not, while keeping a big cut for the tyrants who committed the crime.
A currency, in and of itself, is not wealth distribution. It is simply a means of exchange.
Only when someone steps in with a gun and takes it from he who honestly owns it, does it become wealth redistribution.
But that is the action of the forcible taking, and not the currency itself, that is the distribution (which is a verb, not a noun).
Lmao okay. And what nations have the largest GDPs in the world.
Then look at their stance on crypto LMAO
WE ARE BEING STOLEN FROM
Sorry. Not stolen. You idiots are giving your money away. I cashed out 2 years ago
Gold at one point was a world currency. Is Gold bad?
Who regulated the price of gold? Lmao
You are proving the point.
Ok, please explain to us this.