While the president of El Salvador, Nayib Bukele prepares for the day that the Bitcoin Law becomes effective, the number protests against it are increasing.
He should have said.. Once in affect I will have compete control over the people. They will dance on the head of a pin for me or I will turn off their electronic bank accounts. If people let governments force crypto they will have complete control over the people. JP Morgan once said back about 1918 let me control the money and I don't care who makes the laws. And that saying would be valid very much today
Steve3 year ago
Oh ya: How's what you are describing any different from the current monetary system? Isn't all currency already digital, or you think that your bank stores bank notes that has your name written on it somewhere? Or that tax and other monetary authorities can't freeze your assets at their convenience without having to comply to existing laws (i.e. making so-called emergency laws / new regulation on the go)? Or isn't the federal reserve a private entity that is not under federal government? What is your point?
At least crypto would have a level of decentralization and hint of independence, which is not driven by the war machine the US calls "economy".
At least crypto would have a level of decentralization and hint of independence, which is not driven by the war machine the US calls "economy".