If you think Uncle Sam cannot walk in and give everyone a raw fucking, think again. Before you spout your shit examples of "they couldn't stop people using pot" and "they couldn't stop piracy" you need to unfuck yourself and realise those are NOT like comparisons.
The ONLY thing giving crypto worth at this point is that you can cash out for a shitload more than you bought in with. You can't cash out without a bank or some financial institution. No one will trade crypto in person for any meaningful cash amount. All any government needs for crypto get BTFO is to prohibit domestic financial institutions from any business with crypto exchanges, audit everyone, and enforce it with ludicrous fines. You think banks give a rat's ass about crypto business if it brings heat on their operations? No, they don't.
Banks are not islands, they are companies made up of people who live under Uncle Sam's yoke the same as the rest of you assholes. They may be international but it will only take one significant market change to cause the entire institution to adopt that same stance.
Make your profits now but don't think this will last forever, as crypto only exists because the government doesn't care enough about crypto yet to shut it down, and because it thinks the market will implode itself first without any negative press from them. Then they can say "We told you so." They don't give a fuck about all the whales and the average Joe getting annihilated as the crypto market is contained and centralised and it's obliteration will have no effect on the wider economy.
They could have, but it's too big now. Satoshi isn't around for them to blame him for terrorism or pedophilia. They cannot simply do it without the whole world thinking they feel the threat. And people have been feeling powerless for years now, many will actively pursue crypto in pure rebellion. It'll be the civil rights movement of our time, the fight for liberty from unnecessary taxing and an ever-growing government.
Juan Mitchell
>38% of world population doesn't have a bank account >Worth is only based on 1st worlders cashing out
This one actually didn't activate my almonds.
Camden Price
yes, you're right. so everybody is cautiously waiting. fortunately the US is extremely pro business. we have trillions of dollars of tech monopolies for instance and the govt hasnt done shit about it.
Jacob Edwards
My children will laugh at the concept of paper money.
A simple cellphone can now let anyone perform international communication and banking for a meger fee and data connection.
It is not a matter of if we will all use crypto currency but when.
Isaiah Evans
>The ONLY thing giving crypto worth at this point is that you can cash out for a shitload more than you bought in with
> All any government needs for crypto get BTFO is to prohibit domestic financial institutions from any business with crypto exchanges, audit everyone, and enforce it with ludicrous fines
What gives crypto its value is that governments or people can't fuck with its supply and value, or at least, that's what the potential capability of crypto is. The value of this BUBBLE is because people can cash out for shitloads. Governments can destroy the latter by regulation but to actually destroy crypto, which there will always be a demand for, they'd need to go after people's freedoms with some heavy police stating.
Because people will always want a unit they can store their value in securely and still trade with (fiat isn't it).
Landon Lopez
once decentralized exchanges are the norm, it's over (it's already over)
if they make it illegal, this shit is going to fucking explode (it hasn't exploded yet)
Juan Ward
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Xavier Hill
BAN PAJEET
Sebastian Lewis
Instead of the Cayman Islands, we can have the Crypto Islands made entirely out of tax-dodging NEETs. Beautiful idea, thanks OP.
Xavier Bell
Remember when Uncle Sam decided he didn’t like online gambling? He just straight up made it so no US based banks or financial institutions can do business with online casino sites. They pretty much stomped out the majority of online gambling in one stroke of a pen.
Sure, the most dedicated used VPN’s and flew to Cancun to open bank accounts. But most wont do that. And thus, the economy surrounding crypto will crash.
I know the government will fuck it up sooner or later. That’s why I hate all this normie influx. As soon as some big firm gets fucked out of millions due to unexpected market flux, they will go crying scam to Uncle Sam and since Wall Street owns the federal government they will shut it down so fucking quick your head will spin.
Sad fucking country we live in. Government gets jealous that people are making money without its fucking regulation so they just kill it.
Mother fuck the government. Mother fuck the IRS. YOU DIDNT HELP ME MAKE ONE MOTHER FUCKING TRADE YET YOU WANT 35% OF MY PROFITS???? YOU DIDNT HELP ME INVEST. YOU DIDNT DO SHIT. SUCK MY MOTHER FUCKING DICK TAX MAN.
Kayden Sanchez
That will work but the problem is 99% of people won’t bother and will just give up on crypto and thus the market will crash. Cryptos will be worth pennies.
Samuel Lee
see
Ayden Brown
It’s not secure if it’s price tanks due to outlawing financial institutions from dealing with it.
And the idea is that someday crypto will be able to be used to actually buy something directly but that will never happen if banks aren’t allowed to deal with any money derived from crypto sales. Which means no company will accept coins as payment.
The government can’t make crypto illegal but they can make it literally useless with one pen stroke. And they probably fucking will cause they fuck everything good up.
William Anderson
There are already multiple prior and ongoing cases, every time adoption has grown in spite of government crackdowns, so what the fuck are you talking about?
Nicholas Rivera
If they don't have a bank account they probably also don't have the internet or a smart phone or the ability to sign up to an exchange to buy a fucking coin. Are you this dumb to think crypto will do anything for that? Can you quote ONE legitimate story within 10 minutes showing this has happened in the last 8 years of crypto?
No.
Luis Evans
62% have bank accounts 75% have phones
nobody needs to actually sign up to an exchange to get coins, here is a story from a few weeks ago
