That's exactly why the idea of banning cryptos shouldn't surprise anyone.
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Pat Flood (@rebarcock) passed away 9/21/25. Pat played a huge role in encouraging the devolopmemt of this site and donated the very first dollar to get it started. Check the thread at the top of the board for the obituary and please feel free to pay your respects there. I am going to get all the content from that thread over to his family so they can see how many people really cared for Pat outside of what they ever knew. Pat loved to tell stories and always wanted everyone else to tell stories. I think a great way we can honor Pat is to tell a story in his thread (also pinned at the top of the board).
Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens
- Thread starter Bryan74b
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Master Threads
Maybe becasue he's a Horn but Jordan Peters "gets it".
There was a time they said the same thing about gold and silver.
McCombs Men have to do our part to hold up the rankings of the school that the Liberal Arts majors have so heavily tanked...so that all Texans may hold their heads high. Proud to do my part sir, credit to FIN357 and Robert Duvic
I’m totally with you here that the gov would absolutely love to get rid of any money that they can’t cook the books with, but you need to feel better about how futile their attempt to ban and peddle another crypto would be. It’s not even close to as easy as you are thinking it would be
Yes there will be gov cryptos and yes they will force everyone onto them.
www.fxstreet.com
Central Banks move to crypto in the effort to retain control over the monetary system | FXStreet
Central bankers worldwide have started to realize that the era of fiat is coming to an end. Digitalization is the future, and the process of digitaliz
Are you of this belief simply because of the losses that would occur?
Technologically speaking it could be done relatively easily.
Yes on first point, baseless on the second point according to the content of that articleYes there will be gov cryptos and yes they will force everyone onto them.
Central Banks move to crypto in the effort to retain control over the monetary system | FXStreet
Central bankers worldwide have started to realize that the era of fiat is coming to an end. Digitalization is the future, and the process of digitaliz
It's the difficulty in banning them as they are decentralized.
Enlighten us
Actually I have a BA in Government & Economics from Texas. (Was thinking law school but didn't go.)
I've been battle-tested against libs since college due to my curriculum choice.
Just call me a Liberal Arts "Outlier" that understands numbers and finance
Hopefully we can still be friends
Fiat currency and modern monetary policy render it obsolete from the jump. Practically, fiscal responsibility is wiped out quickly and the politics of it are a disaster.
I saw your crypto back and forth and actually share your concerns, as decentralized deflationary currency would severely damage if not destroy the true elites.
That being said, anything short of massive banking/financial reform/overhaul is wasting our time
"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency" -keynes
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No part says that the BDD is in control for 60 days after the election. But, I’m open to your opinion.
All it would take is an EO banning banks and platforms from handling or dealing in it.
Furthermore an EO could easily ban retail investors from trading in it.
People already buy and sell crypto across the net so using the net to attack cryptos would be pretty straight forward. They can go after the wallets too as another means.
You don't have to eliminate the crypto from existing to end it's usefulness and demand.
All that would need done is allowing gov crypto to be the only tradable crypto. Central banks and gov are prepared to do this if crypto demand exceeds certain thresholds vs fiat over the next 2 years as gov cryptos come online.
The 'decentealized' line means nothing. Govs can ban the dealing or handling of pretty much anything especially in the US.
Still applies today. Trump is very anti crypto. Yes it can be ban.
Cryptos will be highly regulated especially once gov cryptos roll out.
Cryptos will be highly regulated especially once gov cryptos roll out.
I'd agree. We definitely should go back to gold.
Also agree with your position on 'fiscal responsibility' under fiat. It's silly to even try and actually destructive to acquiring resources.
Just another example.
I think a truly decentralized crypto currency is better than Gold
My problem with Bitcoin is the classic "to good to be true"
My problem with gold is it basically requires a note or paper currency of some sort for everyday transactions, let alone it's fungability limitations
Depends what someone values in their 'currency'.
Crypto would have certain properties notes backed by gold could never achieve and vise versa.
If the goal of currency is to facilitate economic activity then gold is likely better as it's stable.
Economic activity is possible via trust so skepticism over cryptos will keep them down until they are regulated by governments and people trust them more. Once that happens individual coins will be moved to store of value status if they are allowed to still be traded at all (terrorism).
They've already tied cryptos to terrorism, communist nations, and illegal activity so it just takes someone pushing the envelope and boom.
People should also note that cryptos are technically a form speech since code has been ruled a form of speech by the SCOTUS. It's not a coincidence that speech is being highly regulated currently (and in new ways previously unimaginable) and blockchain of all types falls under this domain.
Is Code Free Speech?
Is code, as an artificial language, subject to the same regulations as natural language? A landmark legal settlement is bringing up the question yet again.
www.pbs.org
Thailand banned Pornhub two or maybe three months ago. I just got my answer as to why only Pornhub and no others. As an aside, there is an old white guy carrying a "Free Pornhub" sign spotted at various locations in Bangkok.
You have to wonder what the tipping point will be. The censorship, high profile pedo arrest or suicide, overt action against the US by a bad actor(China)? Something else?
