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To: EEGator
America has long resisted global currency trends. Remember the Susan B Anthony (later Sacajaweau) dollar coin? "European nations have scrapped their dollar bill-equivalent." And yet, we Neanderthals cling to our paper currency.

To be fair, big ticket cash purchases are rare. But that's more for convenience. Many kids under 30 still use cash, especially if they're getting paid under the table (which, nowadays, for gig economy kids is a way of life). While I suspect many older people will succumb to the siren song of going cashless, most of won't fall for the trick.

I don't deny that crypto regulation is coming. But it'll simply be a business-insulating barrier to competition versus a "protect the little guy" edifice.

29 posted on 01/01/2023 7:20:05 AM PST by DoodleBob ( Gravity’s waiting period is about 9.8 m/s²)
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To: DoodleBob

“I don’t deny that crypto regulation is coming. But it’ll simply be a business-insulating barrier to competition versus a “protect the little guy” edifice.”

I agree, as long as you mean its real purpose vs its stated purpose.


32 posted on 01/01/2023 7:29:08 AM PST by EEGator
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