I agree with the critique that the blockchain/transaction history being public is a privacy flaw. But there seems to be no other option in order to make it open source and decentralized so no government or bank can cheat or control it. It's a small price to pay. And your transaction history is pseudonymous, you can send it through mixers and create a new change address each time you buy something which make it much harder to track. Of course a government can get a warrant and force a crypto exchange to hand over all their data on were you withdraw your money, but they can already do that with banks.
I still love gold, and unlike crypto or cash, it's rarity is protected by the laws of physics. But it's just too inconvenient to buy groceries with it. So that leaves you with 2 choices.
In a future where crypto is widely adopted and accepted everywhere, where you can buy gas or pay household bills with it. You can choose between having FRN's losing value sitting in your bank account for your monthly expenses, or the alterntive that does everything you need without losing value. What are people going to choose? They already choose cash over gold. Are they gonna choose crypto over cash once it becomes easy?
The shareholders of the FedRes aren't going to accept it
And i don't want them to. I believe the White Hats will allow fiat to fail or at least go into hyperinflation, this will transition everyone to the crypto standard, and then the national debt can easily be paid off. Or perhaps Trump has a different plan where, as inflation gets worse, holders of US Treasury bond's will be offered to exchange it to a bitcoin bond and receive interest paid in BTC instead or something like that. I'm optimistic that America will lead the way for the crypto revolution and letting it be a national currency that you can pay taxes with, Once Q fully controls the U.S. govt.
And then the writing will be on the wall for every other country, as citizens see the economic benefit and prosperity deflation and sound money brings. Like you said, they're addicted to money printing, but they won't have a choice once America leads the way, and they know their citizens will revolt if they don't follow suit.
I agree with the critique that the blockchain/transaction history being public is a privacy flaw. But there seems to be no other option in order to make it open source and decentralized so no government or bank can cheat or control it. It's a small price to pay. And your transaction history is pseudonymous, you can send it through mixers and create a new change address each time you buy something which make it much harder to track. Of course a government can get a warrant and force a crypto exchange to hand over all their data on were you withdraw your money, but they can already do that with banks.
I still love gold, and unlike crypto or cash, it's rarity is protected by the laws of physics. But it's just too inconvenient to buy groceries with it. So that leaves you with 2 choices.
In a future where crypto is widely adopted and accepted everywhere, where you can buy gas or pay household bills with it. You can choose between having FRN's losing value sitting in your bank account for your monthly expenses, or the alterntive that does everything you need without losing value. What are people going to choose? They already choose cash over gold. Are they gonna choose crypto over cash once it becomes easy?
And i don't want them to. I believe the White Hats will allow fiat to fail or at least go into hyperinflation, this will transition everyone to the crypto standard, and then the national debt can easily be paid off. Or perhaps Trump has a different plan where, as inflation gets worse, holders of US Treasury bond's will be offered to exchange it to a bitcoin bond and receive interest paid in BTC instead or something like that. I'm optimistic that America will lead the way for the crypto revolution and letting it be a national currency that you can pay taxes with, Once Q fully controls the U.S. govt.
And then the writing will be on the wall for every other country, as citizens see the economic benefit and prosperity deflation and sound money brings. Like you said, they're addicted to money printing, but they won't have a choice once America leads the way, and they know their citizens will revolt if they don't follow suit.