What is going on in the US? Why are politicians trying to push crypto to other countries? We embraced the Internet, even though it transformed our retail economy. Now we’re trying to stop crypto and/or pushing it overseas to keep it from transforming our financial economy. This seems very shortsighted and very authoritarian. Scary!
What is going on in the US? Why are politicians trying to push crypto to other countries? We embraced the Internet, even though it transformed our retail economy. Now we’re trying to stop crypto and/or pushing it overseas to keep it from transforming our financial economy. This seems very shortsighted and very authoritarian. Scary!
The Reatrict Act may prove to be way too restrictive. While TikTok is an amazingly good way for a company to keep people busy. Use an algorithm to keep eyes on the screen as long as possible, feeding them whatever they will become optically addicted to. But lots of apps do that. TikTok is also a way that an adversary could gather tons of data about American users, feeding Americans content that they would not feed their own people. One version of the app for the Chinese, which promotes certain values and behaviors, and another version of the app for the United States, and other countries, which could very well be designed to promote other values and behaviors. It could be a data collection tool and a psychological weapon at the same time. Am I reading too much into this possibility, or am I right on? The problem is we can’t stop the bad things from happening by implementing something as drastic as the Restrict Act. Doing so may end up being a pyrrhic victory. Look it up if you don’t know what that is. Solve one problem and create another. We may help keep us free by making us more a prisoner. Let’s not go too far.
Interesting that main stream media doesn’t spend a lot of time putting together all important world events. I used to think that if I would watch equal amounts of CNN, MSNBC, and Fox News, I would have a well-rounded view of events. However, that only gave me two sides of the story, and both are tainted by the establishment narrative. I was missing the independent media angle. Find some good independent media outlets and use them to fill in the gaps.
Another blow to dollar dominance.
Can’t blame them one bit, but this really sucks for the US dollar.
I believe the US overplayed its hand with regards to support of Ukraine and denouncing Russia’s aggression. The sanctions did very little, since Russia found plenty of ways to get around them. The end result will most likely be remembered as far more substantial than the sanctions. Russia and the countries it does business with decided to cut the dollar out completely, which defangs the bite of the sanctions. The US and its allies may have shot themselves in the foot.
We are in for some deep unhappiness. Better buy some #Bitcoin.
https://bitcoinist.com/bitcoin-btc-leading-indicator-cpi-inflation/
Isn’t Saudi Arabia an ally of the US? You would think that their cozy financial relationship through oil would discourage them from partnering with key US adversaries. This is a major red flag. Time to cut the cord with Saudi? They would almost certainly collapse.
Regulation by enforcement is not the same as having clear rules in effect. The rules, if they exist at all, are anything but clear.
https://decrypt.co/124872/sec-gensler-insists-clear-rules-crypto-already-exist
Is Rome burning yet? It seems like the existing world order is at least smoldering right now.
https://twitter.com/wallstreetsilv/status/1640888033762476032?s=46&t=Cm9We2q5thnalUMnU0V8ow
The strengthening of the big banks leads to centralization, while simultaneously leading to the demise of smaller banks and the loss of what little decentralization we had in the banking sector. Not a good thing.
Bitcoin is meant to be decentralized. That’s the whole point. I agree with you on this one.
Keep your eyes open. Things are changing very quickly.
When a society abandons its long-held principles, it must be ready to replace them with something better. Something tells me America doesn’t have a replacement ready yet.
Americans Pull Back From Values That Once Defined U.S., WSJ-NORC Poll Finds
Uncle Sam is a hodler. Seems to me he’s trying to hedge his bets with more economic turmoil on the horizon.
“The US Government Holds Over 214,000 Bitcoin, Fed's Stash Equates to More Than 1% of BTC's Supply”
“Unless someone like you cares a whole awful lot nothing is going to get better, it’s not.” Learn about #Bitcoin, spread the word, and stack sats!
My first self-created meme 🙂
Every day above ground is a good day.