The value of cryptocurrency is it can’t be manipulated by government.
Accepting a government cryptocurrency is the worst of all worlds.
They can track every penny you spend, and empty your account any time they please.
Just try to cash in those electrons.
You have just outlined why crypto was doomed from the beginning. Governments aren’t going to allow a currency outside of their influence to exist.
And I don't think it should be trusted.
For me, it is encompassed in Natural Law by the concept of the "pursuit of happiness".
I have rights given to me by God. They are not rights given to me by Man.
That means that Man cannot take those rights from me. Only God can. If I agree that a Man or a Government gives me those rights, the corollary of that is that Man or Government can take them away from me.
At some level, I feel the same about wealth and property.
If I give complete control of access to my wealth or property to a Man or Government, they can take it away from me. If I have a gold coin in my hand, a Man or Government may make it difficult for me to have control of its value by denying me an avenue to convert it to food or shelter.
But it cannot have complete control of it.
With a cryptocurrency or a national/international digital currency they can control every single avenue of access to wealth with a click of a mouse.
It is certainly true I don't trust fiat currency, but...I can still hold a $20 in my hand and get something. That isn't the real value. The real value is that your transaction with that $20 is your own business. You can give it as a gift, pay for some freshly grown produce, pay for a bottle of whiskey or give it to a hooker if that is your thing. The Government has no say in that in an immediate and direct way, except in the actual value of that fiat currency.
But you can tell-the Statists are itching to get rid of physical currency. Itching. Their fingers are twitching just thinking of it.
For them, it is as close to the ultimate control of people as they can get.
When a Man or the Government tells you that "Your money is no good here" and they do it with a click of a button thousands of miles away, well...when you cannot buy food, shelter, or clothes in any way other Than bartering some physical or mental task or service you can render...that is pretty comprehensive control.
And they have demonstrated repeatedly, and in every way possible, that their goal is to obtain that level of control. It is why so many of them think the Communists are the Bee's Knees.
You're right. Anyone who thinks democrats are control freak thugs now ain's seen noting compared to what they'll be controlling our ability to spend our money
You're right. Anyone who thinks democrats are control freak thugs now ain't seen nothing compared to what they'll be like when they can control our ability to spend our own money.
I've been hearing this. Maybe it's time to pull out all of our money and bury it in the yard.
They can track every penny you spend, and empty your account any time they please.
Then don't use the digital currency. Problem solved.
Yes, but only for good reason. /S