whorunit

whorunit t1_j8qnumr wrote

Yes .. look at Venezuela, Columbia, Africa - people hold their money in crypto because the government debases the currency to $0. The same thing will eventually happen to the USD - if the government isn’t careful, it will lose its reserve status and people have many other options now. Read “the ascent of money” - government currencies rarely last more than a few decades, they ALL eventually go to $0 leaving citizens poor.

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whorunit t1_j8qn9ol wrote

You don’t think USD funds drug cartels and child abuse and wars ? 😂 Every single crypto transaction is recorded on a PUBLIC ledger that the entire world can see. Everything is auditable. You cannot say the same for the US Dollar. Criminals that use BTC are morons, the problem is the government isn’t competent enough yet to understand how to read the public ledger.

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whorunit t1_j8q3iw5 wrote

Crypto has many scams but it’s also one of the most important inventions in recent memory. The idea that there is a form of money NOT issued and abused by the government is revolutionary. It is necessary to keep the government in check. Money is how the government keeps the population docile, funds wars and enrich themselves

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