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Response to derby378 (Original post)

Sat Mar 17, 2018, 10:14 AM

6. Crypto is not just volatile, its in many ways an attack on the institution of government

 

There is really only one reason that cryptocurrency exists and is being pushed by people.

Itís to evade government oversight. To evade regulation. And to evade taxes.

There is nothing that any of the crypto methods do that they can do better or more efficiently than the current methods of banking and fund transfer that we have long established do. Except those three things I listed above. So thatís why people tolerate the increased hassle and risk and volatility to use them.

If you look into the world of cryptocurrency you will find the biggest advocates of them are the hard core libertarian types. Because they see it as a way to attack the very institution of government by having a means of exchange they can evade regulations, evade any government visibility and most of all evade taxes on.

The entire reason cryptocurrency exists and has taken hold is because itís pushed by people opposed to all the things that progressives and Democrats believe in- good government used to make the lives of people better- as a way to attack the institution of government.

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