Bitcoin and Crypto Thread

[JR5]

From Revolution to Corruption: The Cryptocurrency Scam and the Future of Inflationary Bailouts

This post criticizes cryptocurrency as a negative reflection of the world’s increasing corruption and material “solidification”. It outlines three increasingly subtle methods of analyzing the space: first, as revolutionary technology; second, as a fraud-ridden space, notably with Tether; and third, as a controlled system used by elites to test technologies for central bank digital currencies. It argues that the crypto fraud will eventually be offloaded onto the public, leading to even higher inflation as the West shifts toward a more controlled, manipulative system that consolidates power and erodes freedom.

https://neofeudalreview.substack.com/p/from-revolution-to-corruption-the

 

[Blade Runner]

From Revolution to Corruption: The Cryptocurrency Scam and the Future of Inflationary Bailouts

This post criticizes cryptocurrency as a negative reflection of the world’s increasing corruption and material “solidification”. It outlines three increasingly subtle methods of analyzing the space: first, as revolutionary technology; second, as a fraud-ridden space, notably with Tether; and third, as a controlled system used by elites to test technologies for central bank digital currencies. It argues that the crypto fraud will eventually be offloaded onto the public, leading to even higher inflation as the West shifts toward a more controlled, manipulative system that consolidates power and erodes freedom.

https://neofeudalreview.substack.com/p/from-revolution-to-corruption-the

He still doesn't even distinguish between BTC and "crypto", a rookie mistake. What's more, he talks about the Tether "scam" but it keeps going on and on apparently, even though people claim at any point the (I only talk on BTC) market can fail. Well why hasn't it then? It's because it is understood by people to have many use cases, and value, as we have discussed for over 100 pages.

I felt uneasy about investing in crypto for these reasons - why would governments allow a viable alternative to fiat currency to flourish, especially when crypto is often used in illicit activities?

Another thought they don't consider: you can't stop it, that's why. Another thing he doesn't understand about BTC. It's the nation state game theory (prisoner's dilemma) thing being played out, in reality.

There's no doubt Bessent is utilizing stablecoins as a new measure to increase dollar availability and thus US bond demand (some of that is because Tether also buys US treasuries). That's not a CBDC. The problem with most of the naysayers on this thread about surveillance and control is that fiat has had those measures in spades for our whole lives here. Yet they talk about it as something new, which is just ignorant, or worse. I've pointed this out many, many times. It's no different with BTC - the US government already has the ability to trump up anything against you if it wants to make an example of you, it doesn't matter who you are. I fail to see any real difference with the criticisms that can't be used against our CURRENT system, something far more debased, and without monetary or savings technology, only abuse of its people. Now that we have alternatives, it's worse for the common man? LOL!