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re: After the American Revolution, how did they create a new currency?
Posted on 3/4/24 at 2:33 pm to tigerpawl
Posted on 3/4/24 at 2:33 pm to tigerpawl
quote:
I find it interesting how many people actually think this is possible when it's not.
Let's fast forward 10 years and Tigerpawl goes in to buy another Ferrari with his BTC at $1,000,000 per, but the government decides that's illegal and won't let the dealership accept the transaction on penalty of imprisonment because they are enforcing their CBDC as the new currency, what do you think the Ferrari dealer is going to do? Now that your transactions are on exchanges they can see exactly who you are...
How many illegal transactions would you do each year? I find it fascinating that people don't see that regulating this has devalued the asset. "Shut it down" may have been the wrong phrasing, "crash the value" is what I should've said.
Posted on 3/4/24 at 3:04 pm to UpstairsComputer
quote:
I find it interesting how many people actually think this is possible when it's not.
quote:You don't even have to wait that long... if the Democrat nominee wins this NOV and you voted for Trump or happen to own a gun and they cut off access to your credit cards and ability to borrow and your 401K and your ability to start your car, and you have to rely on cash (of which you have 1 year supply) and has dropped 20% in value amongst hyper-inflation, come see me.
Let's fast forward 10 years
Far fetched? Think back a scant 10 years ago and compare. “It's easier to fool people than to convince them that they have been fooled.” - Mark Twain
This post was edited on 3/4/24 at 3:56 pm
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