Cryptocurrency, Empowering Government Control
by Ves Sladin 01/26/2021
There's a lot going on in cryptocurrency and a lot of people are
working on developing it's algorythms, software, and hardware, to
make it all possible. Why? The answer is easy, right? Because it's a
better currency for the digital age and because it's decentralized
and anonymous. Right?
But, where is it going? Some governments have already made crypto
illegal. Interestingly enough, even though it's value is pushing $1
trillion, aside from some minor attempts, the US government hasn't
done anything to curb it. So, is our government telling us that they
approve of crypto and they are fine with having Bitcoin around, even
though they can't tax it or control it?
Maybe the government is not doing anything because they can't stop
it; you'd have to take out every computer on the network that runs
I think the government is not doing anything about it because they
want it. In other words, the government wants their own
cryptocurrency. They want to switch us away from the use of dollars;
cashless society. But unlike the crypto that's out there now,
decentralized and anonymous, the governments version won't be. They
will know exactly who's buying what when. They will have your entire
record in the blockchain, and they will manipulate us by
manipulating the crypto. Ultimate power over our financial lives.
But, the government can't make cryptocurrency by themselves. How
many programmers and hardware developers have put in how many hours
and resources into building the crypto technology to the point it is
now? I can't even begin to guess, but they are huge numbers. No one
government or company could possibly dedicate that kind of time or
effort to the project. So, what's the next best thing? Just allow it
to be developed open source, as is currently being done. We know
there is no shortage of developers who want to dive into a puzzle of
this magnitude, and no shortage of companies who see $$ signs at the
prospect of supporting the development effort.
People all over the world, are creating a technology, that, when
adopted by government, will give governments more power over those
people than they have ever had before. And once they have that
technology and that control, all non government crypto will be made
illegal or legislated into uselessness. Ironically, the fantasy of
having a currency that is not government controlled is what's going
to lead to more government control.
What we should do, is stop it. Stop developing it and destroy
everything that's been done up to this point. But that's also a
fantasy, because it's too late. We should have stopped years ago.
Now Pandora's box has been opened, development is moving at
breakneck speed, and has come far enough that it's only a matter of
time before the government implements a centralized cryptocurrency.