Very Deep Continued.....
Evening all.....
So yesterday I made a post about a conversation that I had with one of my potential customers about crypto’s.
If you didn’t happen to read it here is the link.
https://steemit.com/steemsilvergold/@silverd510/very-deep
As I stated yesterday there was a ton of information that needed to be processed. One of the topics that has been swimming through my brain all night and all of today.
He said that governments are 100% in favor of going to crypto as a payment system. Of course I asked why he thought that?
Crypto would give the governments absolute control of the monetary system then. While the can manipulate any fiat to a degree, they cannot control what people are holding and stashing away. Crypto’s can also be manipulated even easier then fiat, gold, silver, oil and any other asset.
I try to explain it in a little more detail.
The banks are the ones that are lobbying to keep the governments from going crypto. Big business with big contributions to the right people keep it at bay for now.
The government could shut down the internet at any point they want leaving crypto’s useless. While they could shut banks down as well, they can’t stop the fiat that is already in circulation. Even though fiat is just a promissory note, it is something held in your hand. Crypto’s can not be used without the internet.
He stated that if crypto’s ever do get into the government system that it will only be a few select crypto’s that will survive leaving all others worthless.
Do you agree with this thought? I’m not knowledgeable in crypto enough to be able to dispute this so I’d like to know what your thoughts are.
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@silverd510 he is 100% right brother at least in my view. The Fed chairman has already been pushing a payment card that would access all your funds that would be housed by a government backed institution. No pay day, no checks, no cash, just the promise your funds are on the card. It will be just like social security a giant bank for them to raid and then lie that it's someone else's fault.
What's true is if you don't hold it you dont own it. Banks can deny you funds at any time thanks to Dodd Frank. Same can be done at an exchange for crypto. Appreciate the post brother!!
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The Canadian govt is mulling over the same thing of a crypto based currency with Operation Jasper.
There is much to say about this. But 1. If the gov shuts down the internet we’ll have bigger problems than money. And 2) bitcoin has already been broadcast on Hamm radio 😜👍
I agree we will have bigger problems. And thats exactly what i think would happen if the bankers ever lose to the government. What better way to cause choas then that? You should read the first post on it.
Yo D, just did... and I agree: there is a real possibility that it all goes up in smoke. But in the mean time, great opportunity to make some mind-bending roi’s
I have so many questions for him when i go back to give them the layouts and prices. My mind won’t shut off on it. Wait till you read my post later.....