U.S. Treasury Department says that DeFi and decentralized crypto markets threaten national security
(twitter.com)
-STRAIGHT UP PANIC MODE-
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make no mistake
crypto is literally just the barter system to the government.
Whether you're trading goods and services for a horse or some crypto, the exchange occurred outside the purview of the government
THAT is the problem that they think all exchanges between private individuals is a threat to national security.
None of this has anything to do with crypto and has everything to do with the government's desire to monitor and control every aspect of every citizens life.
Totally. You said it perfectly
Article I, Section 8, Clause 5 of the constitution makes me believe that cryptocurrency is an unconstitutional form of currency. We should be able to use it but, it should never be a federally issued form of currency.
Wait? Isn't BTC entirely traceable? Lmao
Physically backed notes by metals is the only anonymous payment system
First of all, my point isn't anonymity
The government's assertion here comes down to exchanging goods and services using literally anything other than fiat (eggs, horses, copper, or even crypto) is a threat to national security.
The barter system threatens them because it means we don't need the government to allow us to spend their paper. It also means they can't stop us from exchanging if we barter with other goods or services.
TO address you're divergent point- any sufficient coin tumbler will provide you enough plausible deniability that if they get caught doing illegal shit, it won't be tracing the coins that did it.
when every bill and coin has a serial number on it, those aren't anonymous either, but anonymity wasn't the point.
Fyi. Your "tumbler" are actually called mixers.
Just a heads up. Those mixers are already going down and they are just charging everyone with computer fraud act. Then money laundering etc.
You know what I find weird? You all still set a fiat monetary value on Cryptos LMAO
weird how you keep getting distracted by crypto jargon. Almost like its on purpose.
Whatever, wish you the best.