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In reply to the discussion: Bitcoin tumbles more than 50% below its all-time high as crypto plunges again [View all]hueymahl
(2,497 posts)But they will provide balance to them. Help keep them from the worst of their excesses because there is actually competition.
Look at the IMF. They are scared shitless about BTC. So much so, they are making its regulation and non-use a condition of future loans. The IMF has singularly caused more death and destruction through wrong financial requirements than most wars in history. All they do is protect rich nations at the expense of poor ones.
True, lots of libertarians into crypto. Does not mean they are wrong just because they are wrong about most other things. Progressives really should be on board - there is a lot more aligned with progressive ideals than libertarian ones. Including UBI, which crypto makes more possible. Including providing transparency for how we spend money. Crypto can shine daylight into corrupt government handouts to corporations and big political doners, for example.