All you crypto haters: what will you do about CBDC? It is coming. It is crypto currency entirely managed by the fed. They will be able to turn your “money” on or off, and decide where and on what it can be spent. A parallel economy is the way. The best option for a parallel economy is another form of crypto. No one is going to carry around little sacks of gold and silver to trade. Frankly I never understand the hate for crypto.
I understand the hate. It was borne of jealousy, during the time they were missing out. Now they gloat for some reason, all while blindly thinking the USD has intrinsic value!
You are exactly right. Before long the USD is going crypto. You will convert your increasingly less valuable paper USD to US crypto currency. Then the same people trashing cryptocurrency will say it’s all good because the US government says so.
This site is mainly old people. They were raised by cash in the mattress people.
To be fair, many in crypto are shady people.
I don’t know if it’s a matter of “hating” crypto for most people, but just not trusting it. Whatever the form, the gov’t is going to regulate it to the point that it will be too much of a hassle to own or use.
Digital currency is a disaster waiting to happen. “Money” which disappears whenever the Green New Dealer shuts down the grid wherever you are. And shut it down they will, in the Sacred Name of Mother Gaia, if our enemies don’t kill it with an EMP first. And you will die. But that’s a feature, not a bug.
MONEY is tangible: Gold, Silver, Lead and Brass for example. Men carried little sacks of gold, silver, and copper coins around for at least 3000 years. Are you so weak now that you can’t still do it?
“Frankly I never understand the hate for crypto.”
It is currency that does not work when the power goes out....that is called a clue!