The Rise of Digital Currencies: What It Means for Traditional Banking
The Rise of Digital Currencies: What It Means for Traditional Banking
Digital currencies are fundamentally changing the way we think about money and banking. The rapid rise of cryptocurrencies like Bitcoin, along with the
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dictators and their goons don't like central banks and their fiat currency that, no matter how much "money" you have, it's their money
Wait what?
No, dictators fucking love central banks and fiat currency.
They like it even better than anything, because a dictator almost always controls the central bank. Plus, the dictator and his buddies almost always own everything, and when you own property you need fiat currency to stay in power. Fiat currency inevitably leads to hyperinflation. With hyperinflation, you get way wealthier owning property than having cash. At that point they don't need the central bank that they control.
ok.. explain to me why trump and elmo are making such a hard push to switch from dollars to bitcoin?
the federal reserve does whatever tf it wants. have you ever heard of anyone telling them what to do, and them doing it?
unacceptable for trump
No, it's because they want to give themselves a bunch of free coin, make it popular, and dump it. They like it because it's easy, they have a large pool of stupid people to draw from, and there's no one to tell them "no". Easier than a stock pump and dump, which as a lot of start up cost and regulations to dodge.
People like this have even less sway in a currency like Monero than they do over the Federal Reserve, primarily because a community like Monero doesn't trust people like that. It's a complete direct democracy, where you can make your voice heard on absolutely any issue under discussion, bring up a new issue to discuss, etc. Change does not occur unless there is an extreme majority consensus. And if a change is not liked, it either will not happen or a fork will be created.
I got the impression that they like crypto as an industry, not as a tool. I doubt they would guarantee safety for, as an example, KYC-less Monero exchangers.
Oh no, they absolutely won't do that because Monero actually works as digital money that they can't control. So there will be no protections for it. In fact, I read a paper essay thing from somebody in the European Commission that was actually talking about attacking it by the government in order to purposely suppress it.
Yes, exactly!