/biz/ - Business & Finance

>>25964230

It still will, fren. Once Tether blows its top and all the women and "rap enthusiasts" who are fomo'ing into this latest rally lose all their money, big brother (ze/zir) will have have to step in to save us from ourselves.

The real reason ofc is that king dollar hates competition and is especially vulnerable these days, plus our overlords need to trap capital where it can be siezed via taxation and inflation because they're fucking broke. Illicit activity is crypto's only use-case.

>>23870309

>crypto is being legitimized

Lol. This is what I'm talking about. You are not nearly cynical enough.

Custodial wallets are a trap. A giant, obvious one. Crypto users are being lulled into a false sense of security. One day you are gonna find that you can't get your coins out of Coinbase/PayPal etc. anymore. The next day you're going to get an email from them stating that "as part of our efforts to comply with Anti-Money-Laundering laws and agreement with US Department of Justice, blah blah....".

Next you'll get a popup when you login. A "Special Offer" to convert your BTC to FedCoin at a fixed conversion rate. You'll get the same offer the next day, but for less FedCoin this time, and so on. Of course, FedCoin will be inflationary, centralized, and as far from anonymous as possible, but Normies don't know or care what any of that means. It will be safe, accepted everywhere, and have convenient phone wallet apps, with full FDIC protection for all funds, and legal remedy for fraud or hacks.

There will be a stampede out of BTC, ETH... everything. Even the densest Moonboys might finally realize that the government is not amused by their attempted financial coup of King Dollar and is not their buddy.

>>23870391

Have you been under a rock? Government has been waging war on cash for years and they've largely won it. Corona has given them an opportunity to accelerate this and they took it. Crypto is a 10x bigger threat to them, being digital, and deflationary.