Trump says that we're going to embrace crypto
(twitter.com)
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Spidey sense be tinglin...
I just can't see crypto in any form being better FOR FREEDOM LOVING PEOPLE than paper. No privacy. Everything tracked. Intangible money that can be flipped to zero if you don't surrender your will and do as they say.
Tell me how that would not be the case (ultimately) just like everything else that went digital, like OBD2 vehicles etc. I'm listening.
"paper"
Paper is the reason we are in this mess in the first place. If we can get rid of IOUs by Big Fed, and swap it out for a less than great Bitcoin, I still call that a win because that's stripping the power of money printing.
I am no fan of Bitcoin, not in it's current state, however endless money printing vastly, greatly outranks any issues with Bitcoin I have currently. End the endless.
A gold backed crypto would not work because the gold would have to be stored in known locations to be audited and the government would just swoop in and confiscate it.