Even in the relative "short term" Biden (abbreviation for the regime) could decide to create an EO which would regulate independent crypto currencies to death. Who would stop him? Congress? Scotus? Unless some of the elites own the same crypto currency as you and me, big gov might decide to step on it. Big gov just leaking plans to do so could be devastating.
‘Even in the relative “short term” Biden (abbreviation for the regime) could decide to create an EO which would regulate independent crypto currencies to death. Who would stop him? Congress? Scotus? Unless some of the elites own the same crypto currency as you and me, big gov might decide to step on it. Big gov just leaking plans to do so could be devastating”
I agree. Which is why I’m avoiding anything to do with bitcoin. Does anyone really think the “powers that be” will let anyone other than themselves create an alternate currency? Especially one that is supposed to be untraceable and untaxed? Yeah, right! Like THAT’s going to happen. They are working hard enough to do away with cash and simple barter by questioning any cash found in your wallet and attempting to tax even the most minor transactions between family and friends. We are at the point that a simple reimbursement check for picking up groceries for your elderly parents is questioned and could be treated as income unless you can provide a paper-trail proving otherwise.
The fact is the government wants all our money and all our labor (Votes? They can get those elsewhere). It will be up to us to prove that we “deserve” more than our yearly government approved allotment.
I place no faith in any Crypto Currencies.
Valuables are tangible assets. And things you physically use.
Can they be stolen? Yes.
After a fight.