Viewing a single comment thread. View all comments

xal1124 t1_j8qnl43 wrote

And this has kept the government in check?

5

whorunit t1_j8qnumr wrote

Yes .. look at Venezuela, Columbia, Africa - people hold their money in crypto because the government debases the currency to $0. The same thing will eventually happen to the USD - if the government isn’t careful, it will lose its reserve status and people have many other options now. Read “the ascent of money” - government currencies rarely last more than a few decades, they ALL eventually go to $0 leaving citizens poor.

−4