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RE: The Sky is Falling or at least Cryptocurrency is
I agree. It's hard to start a legitimate exchange with possibility to deposit fiat, so 1 - we gets lots of shady ones, registered in shady location, 2 - they can request high fees, because competition is so slim... As far as I see it, US should treat their citizens as adults, that can spend and risk their money however they want.
Yes the US should yet the wool continues to be pulled over the citizens eyes because they get tricked into seeing it from a poor person’s mindset.
Of course during the Savings and Loans days of #america the banks were in charge of the ups and downs yet through mismanagement of funds entered the FDIC to once again “protect the people” well now with anyone trying to change their #usd to crypto currency they treat it like a bank with FDIC Insurance which once again is just the wool over the eyes and instead is a way for the government to track everyone’s earnings and therefore going to tax the gains.