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Digital Currencies A Threat?

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(@donaldbaker)
Illustrious Member Admin
Loaded Rounds: 1951
Joined: 5 years ago
Posts: 612
Topic starter  

I believe so.

https://www.infowars.com/posts/digital-currency-the-fed-moves-toward-monetary-totalitarianism/

Even if Trump were to be revealed as the Dark Lord of the Sith, he's still better than the last four presidents we've had.


   
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(@phidippides)
Honorable Member Admin
Loaded Rounds: 1410
Joined: 5 years ago
Posts: 435
 

If the government is leading the way, then yes, I think digital currency is a threat.  Two reasons for this.  First, the entire purpose of digital currency is to bypass government control of the money supply and inflation that results from excessive government spending.  Second, governments will be able to easily track and control all transactions in digital format, allowing for the widespread oppression of people with ease. 

Although I've tried to do some research, I still can't quite wrap my head around cryptocurrencies.  If the fed does push its own digital currency, would they somehow ban Bitcoin, Ethereum, and other unofficial currencies that compete?


   
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(@donaldbaker)
Illustrious Member Admin
Loaded Rounds: 1951
Joined: 5 years ago
Posts: 612
Topic starter  

I believe they would have to.  Having options for currencies in the same nation would make it harder for the government to have total control which is their ultimate goal.

Even if Trump were to be revealed as the Dark Lord of the Sith, he's still better than the last four presidents we've had.


   
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(@donaldbaker)
Illustrious Member Admin
Loaded Rounds: 1951
Joined: 5 years ago
Posts: 612
Topic starter  

I moved this topic to Off Target because the source is Inforwars.com.  I do think the subject is a legitimate concern though.

Even if Trump were to be revealed as the Dark Lord of the Sith, he's still better than the last four presidents we've had.


   
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