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Here’s my question for all the Crypto guys out there. Once the US government declares all crypto illegal, except for Fed coin, will you continue to use Bitcoin, Doge(sp) or whatever. An don;t think it won’t happen. One thing that no one should ever forget is that the government does not like competition, and it is moving constantly to have a monopoly on the use of force.
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Grumpy_G
MemberNovember 22, 2022 at 2:40 pm in reply to: This is How the World Ends, This is How the World Ends….So how do you all see this playing out?
Slow motion apocalypse. Things will unravel at a speed that 90% of the people won;t realize it until one day they’ll sit up in bed and go “OMG! What happened!” Then the real fun starts, because when times are good not being aware or engaged is survivable. In hard times, which I 100% think are on their way, it can be terminal. Watch for those very same people that are shocked…SHOCKED, I TELL YA!… to rally in the streets demanding in very high and screechy voices for the government to “Do something”. We won’t see the final fight for the soul of America for a while; probably not in my life time. Our mission, today, should be to prep the ideological battlefield for those that follow us. This is why Freesteading, and other places that are popping up organically are so important.
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I have no doubt. But that won’t stop me from owning some or spinning some to make a buck.
Oh, I’m not saying don’t use it while you can. Make hay when the sun is shining. Like I said, I applaud people that can turn a dollar using crypto. Just making the point that it is not as safe as it is made out to be, and that eventually it will come under the sights of a goverment that is willing to use it’s monoply on force to get its way.
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It’s not Crypto that is accessible to government as much as the ways people access the crypto.
With that in mind, I stand by my original statement. The government doesn’t like competition. When the time comes, the government will make it impossible for people to use non-governmental crypto in any meaningful way. That time will come at some point, maybe not soon, but eventually it will, unless we bring the US government back inside the Constitutional boundries that were set at the founding.
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I’ll go one step further, if crypto is being taxed, it’s even more vunerable to being outlawed than before. What does the goverment do when it wants to get rid of something,it dislikes, or finds a threat to governmental power? It taxes them at a rate that make a majority of people unwilling to use them, then it villifies the people that don’t buckle under. Just wait; it’s gonna happen.
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But I thought the big sell on crypto was that the government couldn’t touch it? How can it be taxed, if that is the case? Also, the government has made a fortune through the “War on Drugs”. If you take in to account the power it has seized, arguably you could say the benefits to the gov are more than it wuuld make by taxing legal recreational drugs. Point is the argument about non-govermental crypto being safe due to the tax angle is wobbly, IMO.
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Think about fiat currency — the dollar competes with the Pound, Euro, Yen, etc and Americans are free to speculate/trade those currencies as they like
The government can not control foreign currencies, without causing sever backlash. By comparison the active crypto community is relatively small. When they decide to do away with FedCoin competitors, they will first demonize it as only being used by drug dealers, pedophiles and terrorists. Then there will be some high profile prosecutions to prove the point. Then they will make it illegal. Even if you continue to pursue crypto, it will be worthless, because it will not be usable for everyday items, and any wealth tied up in it will be stuck where it is. On top of it all, you run the risk of being used as the next example by the government.
To be clear, aside from the fact that crypto ranks right up there with Magic cards, tulips, and fiat currency to me; it’s value is solely based on what people see it as, not in anything usefully tangible, I have no problems with it. If someone wants to invest in it and can actually turn a profit, great for them. I sincerely applaud them. So, please, don’t think I am tying to dissuade anyone from it. Just throwing a great big caveat out there that will eventually get people arrested, or worse killed, when the government makes its move.
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they shouldn’t get off “scott free” that teaches them nothing! they get to say “yeah we f**ked up our bad” and that’s it
No, you didn’t read what the key elements of a real amnesty is. It entails full acknowledgment of what they have done, true contrition, not some hollow “I’m sorry”, and making amends. Making amends can mean a multitude of things, even up to going to jail, if need be. If we allow amnesty for these people, and they walk away “scott free”, then that is our fault, not theirs. Vindictiveness on our part, though, makes us no better than the Mask-hole that told you that you deserved to get sick and die, because you refused to follow the lying narrative.