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RE: block.one - Statement Regarding Proposed Changes to PRC Law
Isn't interesting that two of the largest economies in the world are barring their citizens from participating in what is arguably the greatest wealth creation opportunity any citizen is likely to see in their lifetimes. It's not your money and you don't get to choose what to spend it on unless the Guberment says you can... and the Guberment says you can only buy fiat, debt and ponzi securities that have a negative return after inflation. My God I can't wait until Dan makes these idiots obsolete.
The US government doesn't care if the nation is getting richer as a whole. What they care is to keep their tax salves as indebted, subjugated, ignorant, overworked and obedient as possible, so that they can retain absolute control and maintain themselves at the top of the pyramid. Now if freedom minded folks are allowed to make serious money in crypto, they are going to get more and more interested in that technology, quit their jobs, and have plenty of time to develop, fund or support even more disruptive shit that's going to make it even more difficult for them to keep the lid on the people. No way they can let that happen.
You nailed that one @recursive. Governments want a monopoly of control over coercive force and money. The tax slaves must live by the government rules, and be happy about it.
Freedom, on the other hand, is a very dangerous thing. When governments talk about freedom, they really mean "their freedom to do what they want" NOT "the liberty of citizens".
When I convinced my wife to invest some money in cryptos, I told her that it will be a very bumpy road for the next 10 years. I do not believe that the banks and the stock market will go down with out a fight and you mention whose support they have :)
We just need to hang there tide