Viewing a single comment thread. View all comments

xal1124 t1_j8qmq78 wrote

Reply to comment by whorunit in Bing: “I will not harm you unless you harm me first” by strokeright

How has it kept the government in check so far

Or is finding child abuse and drug cartels a version of keeping the government in check?

6

whorunit t1_j8qn9ol wrote

You don’t think USD funds drug cartels and child abuse and wars ? 😂 Every single crypto transaction is recorded on a PUBLIC ledger that the entire world can see. Everything is auditable. You cannot say the same for the US Dollar. Criminals that use BTC are morons, the problem is the government isn’t competent enough yet to understand how to read the public ledger.

−2

xal1124 t1_j8qnl43 wrote

And this has kept the government in check?

5

whorunit t1_j8qnumr wrote

Yes .. look at Venezuela, Columbia, Africa - people hold their money in crypto because the government debases the currency to $0. The same thing will eventually happen to the USD - if the government isn’t careful, it will lose its reserve status and people have many other options now. Read “the ascent of money” - government currencies rarely last more than a few decades, they ALL eventually go to $0 leaving citizens poor.

−4