If YOU would like to be on a CRYPTO PING LIST, please pm me.
I've noticed a rising interest by many on FR in:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.Thanks! Pro or con, it'll be a wild ride.
Posted on 03/25/2021 10:57:22 AM PDT by Red Badger
Veteran investor Ray Dalio warns that governments across the globe are planning to outlaw Bitcoin because the financial elite cannot tolerate something that they don’t have monopoly control over.
“Every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing,” Dalio told Yahoo Finance.
“So, I think that it would be very likely that you will have it, under a certain set of circumstances, outlawed the way gold was outlawed,” he added.
Dalio cited the 1934 Gold Reserve Act, which ended all private holding and use of gold as money. This followed the previous year’s Executive Order 6102, which made it a criminal offense for U.S. citizens to own or trade gold and led to a widespread confiscation program.
The investor said that Bitcoin’s volatile nature also posed a threat to financial elites’ control of money and banking, “because things can get out of control.”
Back in January, head of the European Central Bank Christine Lagarde called for global regulations on Bitcoin, labeling the cryptocurrency “reprehensible.”
“(Bitcoin) has conducted some funny business and some interesting and totally reprehensible money laundering activity,” said Lagarde, who herself was previously found guilty of financial negligence by a French court.
Bitcoin is also despised by cultural and media elites because it allows people who have had their lives turned upside down by deplatforming and denied banking to continue to operate.
One wonders what the trigger could be to create the moral panic around Bitcoin to grease the skids for its criminalization.
Perhaps a massive terror attack that was wholly funded by the cryptocurrency?
The value of Bitcoin has continued to surge in recent months and now stands at over $51,000 dollars.
bookmark
Is there a ‘Bitcoin’ Ping list?......................
bitCoin has limited supply. It’s total supply wouldn’t even be a drop in the bucket of any major nation’s currency, let alone the world.
I’ve been saying this for years, that if they wanted to, all governments would have to do is not allow it to be used as money within their borders, and “poof”.
Governments have to oppose anything that exposes just how false their fiat currencies are, including the U.S. Dollar.
If YOU would like to be on a CRYPTO PING LIST, please pm me.
I've noticed a rising interest by many on FR in:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.Thanks! Pro or con, it'll be a wild ride.
never owned bitcoin, probably never will - but not sure I am opposed to it being outlawed - how is it really any different than someone printing their own currency and then getting people to use it? it’s not really - creating wealth (or fake wealth) out of thin air.
I agree it will be outlawed at some point soon.
Did outlawing drugs get rid of drugs?
Well, duh. As soon as the US government announced they were looking into creating a government-backed cryptocurrency, the obituary for Bitcoin and the rest was already written.
Hopefully they will give you some pittance of a payment for the crypto you have before they outlaw it, but I don’t expect it will be full value.
Other people’s freedom is so threatening.
Only if they are planning to get into the Crypto Currencies themselves.
Rumors are that the FED is talking with European Central bank about this.
The drug economy doesn’t require an infrastructure of legitimate, government-licensed financial institutions to support it.
Right now every ransomware attack comes with a demand for payment in Bitcoin. The FBI always says that it is impossible to trace who the ransom was paid to.
So how do they intend to track who has it and who doesn’t?
And furthermore, how do they intend to stop countries that will continue to allow it?
I do see that it will make things difficult for people, but if its illegal then they can’t tax it. If i want to pay you in bitcoin and you are willing, how will they stop it, and how will they know? You can’t stop barter. Might as well tell people to stop breathing or stop speaking.
Anybody can set up barter arrangements and do the same thing - whether they use cow horns or clamshells or just trade products for services.
An attempt to outlaw Bitcoin is simply an attempt to ensure that the taxable work output of owned property stays totally under the property owner's (government's) control.
” As soon as the US government announced they were looking into creating a government-backed cryptocurrency,”
A US Federal reserve crypto is meaningless. It’s just a way to put the US dollar in a new trendy “digital” format. But it will have none of the security or limits on supply. They can inflate away their cryptoDollar just like they can a real one.
Only a fool would use it. It gives you nothing and merely increases the power of the junta government to snatch your money and run your life.
Did outlawing drugs get rid of drugs?
“The drug economy doesn’t require an infrastructure of legitimate, government-licensed financial institutions to support it.”
LOL, that must be why every major bank launders, protects and manages billions in cartel money.
The financial elite want to be the new politburo of great sefdom state so bad.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
