We should all be able to use cryptocurrency within the open, free market.
It is my opiniom that cryptocurrency should never be used as a form of currency issued by the federal government of the United States of America as a standard because it is unconstitutional.
Source : Article I, Section 8, Clause 5
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures
You do realize our federal reserve notes are issued by a central bank, right? Done so unconstitutionally through the U.S. Treasury, right? You do understand Article I Section 8 Clause 5 of the constitution, right?
Yes. And in the same vein, you do realize this CANNOT be done with a cryptocurrency, right?
Ideally, yes. That's the point of the post.
In the same vein, you do realize fiat currency could not be issued until it was, right?
I apologize, but can I just pause for a second to clarify something? I'm not sure we're saying the same thing.
You can't "issue" a cryptocurrency. It is physically impossible. Can never happen. Not now. Not in the future. NEVER. Neither the US government, nor any private organization under their directives, can ever issue a cryptocurrency. Cryptocurrencies can only be mined on public blockchains, and by definition, EVERYONE has the right to participate in this process (if they want to). It can not be constrained or hindered by laws or legal agencies. The US government can no more issue a cryptocurrency than you or I can.
A CBDC, on the other hand, is a totally and completely different thing. And that CAN be "issued", just like a fiat currency. I just want to make sure we are both on the same page and that everyone understands the fundamental distinction between a cryptocurrency and a CBDC.