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Michael Saylor discusses current state of Bitcoin on Fox Business Channel

DerekJohnson
DerekJohnson Administrator, Swaye's Wigwam Posts: 68,500 Founders Club
Everyone tells him he never smiles so he tries to smile in interviews now for a minute or so -- before giving way to the frown.


Comments

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,619 Standard Supporter
    This is the threat. World governments will not allow a transparent transfer of any currency, including crypto, if it starts to get competitive with a nation's fiat currency.

    https://ace.mu.nu/

  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,500 Founders Club

    This is the threat. World governments will not allow a transparent transfer of any currency, including crypto, if it starts to get competitive with a nation's fiat currency.

    https://ace.mu.nu/

    We saw with Prohibition that the government can't control everything
  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,500 Founders Club
    Also, the US government overall is actually embracing Bitcoin. The Biden White House is the primary enemy of it.
  • UWerentThereMan
    UWerentThereMan Member Posts: 3,475
    edited November 2023

    This is the threat. World governments will not allow a transparent transfer of any currency, including crypto, if it starts to get competitive with a nation's fiat currency.

    https://ace.mu.nu/

    And yet there is a flight to quality in many countries around the world where people with large and small sums of money have been storing their value in US dollars instead of their own governments' fiat for over a generation. :/
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,091 Founders Club

    This is the threat. World governments will not allow a transparent transfer of any currency, including crypto, if it starts to get competitive with a nation's fiat currency.

    https://ace.mu.nu/

    And yet there is a flight to quality in many countries around the world where people with large and small sums of money have been storing their value in US dollars instead of their own governments' fiat for over a generation. :/
    We call that Beverley Hills real estate
  • UWerentThereMan
    UWerentThereMan Member Posts: 3,475

    This is the threat. World governments will not allow a transparent transfer of any currency, including crypto, if it starts to get competitive with a nation's fiat currency.

    https://ace.mu.nu/

    And yet there is a flight to quality in many countries around the world where people with large and small sums of money have been storing their value in US dollars instead of their own governments' fiat for over a generation. :/
    We call that Beverley Hills real estate
    And landscaping
  • UWerentThereMan
    UWerentThereMan Member Posts: 3,475
    Although to West ducks point, DOJ went after Binance for a bunch of know your customer / anti-money laundering bullshit. And will continue to do so. They'll say it funds the jihadists, and the Canadian trucker terrosits, and the boogeyman under my bed.

    All while pallets of cash and weapons go missing the world over, completely untracked, and the big banks service the cartels and pay their fines and consider it the cost of doing business.

    The complaince departments they force lenders/banks to run, by law, never catch near the amount they cost the org to run which is a hilarious side point altogether.