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Will crypto be banned?

5.5K views 80 replies 33 participants last post by  amandasim  
#1 ·
If crypto ever represents a significant threat to establishment they can just pass a low banning it That's why I haven't bought into crypto despite knowing for years what a terrible idea it is to hold paper money. Am I wrong?
 
#5 ·
In America we still don‘t live under a totalitarian regime, despite what many like to profess. Crypto has not posed a threat to the US dollar. Regulations are coming and will mostly be a good thing I think. Why would the government want to ban crypto? I just don’t see a reason why? In that case, they should just ban any and all other investments.

All the talk of CBDCs and the end of paper money and crypto is a worthwhile discussion but I don’t see that happening anytime soon if ever. Folks mostly like to discuss end of the world scenarios and government conspiracies here so my thoughts are probably not with the majority here
 
#7 ·
Global Digital Currency is on the way, and look for America to lead the charge. Why you ask????

Because the Paper Dollar is dying and dying fast. It's value has cratered since COVID started and now, there are Nations selling and buying Crude Oil in other currencies than the Petro-Dollar.

Biden has already done an EO to study/investigate for an American Crypto...... And you can bet your lucky stars, other private Crypto's will be phased out over time, probably by way of INSANE taxation on them. Tax the heck out of them and everyone will dump what they have and never buy any more.


.........
 
#12 ·
Does anyone have any suggestion of exactly how the US government or the global Kabal would go about banning something that has no central authority, can't be physically seen and can be traded anonymously from person to person? Just curious how they would go about that absent just shutting down the entire global Internet.
 
#24 ·
A fictitious character?
Why don’t they out Batman too?
My guess is Satoshi is probably a small group of people including Hal Finney.


I don't think we'll see a ban. I do believe there will be a huge push by progs to regulate and tax crypto into a significantly less attractive position.


Partially true but not entirely. If crypto is utilized efficiently its nearly impossible to track and maintain who owns what.
Agreed. Government can't stop or destroy crypto, but they can attack centralized exchanges (CEX) like Coinbase and make it difficult for people to use crypto. As far as deanonymizing crypto users, government primarily relies upon centralized exchanges and their KYC rules. Take CEXs out of the equation and force individuals to use solid opsec (VPNs, mixers, privacy coins, p2p transactions) and it becomes next to impossible for them. China has "banned" crypto, yet crypto is still being used by individuals in China.

Again, this is one of the major reasons that government wants CBDCs. Cash in untraceable and too easy to use/move for black market activities and while public blockchains like Bitcoin are monitorable, they still require work from alphabet agencies to trace. CBDCs allow for so much more than people realize.

If instituted, government will eventually have a database of each of our possessions. Literally everything we own will be required to be accounted for an any deviation would allow the government to engage in asset forfeiture actions and methods of coercion that all but eliminate every shred of freedom you currently enjoy.

To many this sounds impossible, unlikely, too far fetched, etc, but it will be here before most think and goes hand in hand with the progressive commie goals of eliminating property rights, enforcing shared misery among the bottom 99% and propping up a ruling class that is above it all and unaccountable.
 
#27 ·
1933 Executive order 6102 bans citizens from hoarding gold
1934 Gold Reserve Act transferred ownership of all monetary gold in the United States to the US Treasury and prohibited the Treasury and financial institutions from redeeming dollars for gold.
1944 Bretton Woods System- Countries settled international balances in dollars, and US dollars were convertible to gold at a fixed exchange rate of $35 an ounce.

1971-1973 The sudden abandonment of the Bretton Woods System switched gold standards to the Petrodollar System era requiring oil to be purchased with US Dollars.
1974 Tools like The Clean Water Act are used to regulate US oil production and leads to the consolidation of Big Oil.

2000 to present-A major focus shift towards green energy and environmental impacts begins moving the petrodollar system towards a digital currency.
2023? -

Starting to see the pattern?
 
#30 ·
1933 Executive order 6102 bans citizens from hoarding gold
1934 Gold Reserve Act transferred ownership of all monetary gold in the United States to the US Treasury and prohibited the Treasury and financial institutions from redeeming dollars for gold.
Don't throw gold under the bus, lots of people 'Legally' held onto ten ounces and subsequently sold them back to coin dealers etc at a much higher price later on. Even in the 1960's when the gold price in the US was still fixed, coins were being sold at much higher prices.

The total abandonment of Gold is a myth, certainly use in everyday affairs was over in the US in 33 but many wise people held onto it. Just like today, the government through the media tells the population they should do XYZ and 95% jump to do their bidding. There is not recorded prosecution under the "Hoarding Act" The government got the lions share, they don't care about the dregs.

On that note, here in Australia, the Government used emergency powers to try and force everyone to get vaccinated in the recent pandemic. Some chose not to and were punished by not being allowed into sporting events, restaurants etc. Now all those measures have been abandoned and anyone can go anywhere (except for jet travel) The point is, the government uses Fear to try and get total compliance but it never works, and they know it.
 
#28 ·
At today's prices the total market capitalization of all crypto is about 1.8 Trillion. The Stock markets in the US alone come in at 53 Trillion, and the US bond market about 30 Trillion I believe. Apple alone is worth nearly twice what all crypto is (worldwide) so I can't see regulators being too fussed about it.

All the dribble about 'secret currency' aside, it's a speculative asset, and anyone making big gains has to put those profits through the banking backbone, and hence declare them for TAXATION. I can't see the government wanting to shut down a source of tax revenue myself.

 
#34 ·
If anything, we'll get (another) multibillion dollar agency to "regulate" it. Uncle Sam will find a way to get a cut - perhaps a tax on a transactions that originate from a wallet registered to someone in the US, or that arrive at a wallet registered to someone in the US (which they'd find out if/when you tried to convert your crypto to cash, or sent it to an exchange. They'd require exchanges to provide info on transactions and they'd be watching.

Don't worry. Uncle Sam won't ban crypto. They've just got to figure out how to get their piece of the pie. I'm sure they've already got plenty of people working out the details.
 
#40 ·
Government is already asking, "What's in your wallet".
USA outlawed the ownership of gold in the past.
Crypto was allowed to grow so society would accept such a electronic currency.
This is the future of digital money. Only governments will issue it and control it.
The level of control this will offer governments is just too great for them to ignore.
 
#43 · (Edited)
I foresee a time not long off where there is a One World Order coin issued by a global, centralized authority. It is suggested that the technology will allow private crypto to still exist, and be forced into black market use. So, suppose the OWO decrees that the punishment for black market crypto usage is immediate execution - how many people are still going to use it?

But until that time, there is window of opportunity to utilize and profit from this tech.
 
#62 ·
On the contrary, I think many of the anti's are finally and silently coming to the realization that they were flat out wrong. Haven't seen one of those oh so clever "tulips" comments in quite awhile have we? They can't ignore that the government is actually paying attention to crypto / blockchain tech and planning accordingly. It would be nice if folks had enough integrity to admit when they were adamantly wrong instead of cower in the shadows. At the very least, maybe some folks will be amenable to giving more thought to the forward thinking of others rather than dismiss it out of hand.