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They should mention this in their website: Cryptocurrencies are harmful to the banking system and may weaken the state apparatus. Hence, citizens shouldn’t buy them.
They should mention this in their website: Cryptocurrencies are harmful to the banking system and may weaken the state apparatus. Hence, citizens shouldn’t buy them.
Through competing with the national currency, cryptos force it to innovate and become faster, more resilient, more inclusive, and less prone to inflation.
The fact that more and more capital is directed towards them is a symptom of the fact the national currencies have shortcomings.
Earlier quoted context omitted.
Until 2003, the Secret Service was part of the Department of the Treasury, as the agency was founded in 1865 to combat the then-widespread counterfeiting of U.S. currency. -- https://en.wikipedia.org/wiki/United_States_Secret_Service
Will this mean we can treat cryptocurrencies like fiat currencies when tax season comes?
Earlier quoted context omitted.
Until 2003, the Secret Service was part of the Department of the Treasury, as the agency was founded in 1865 to combat the then-widespread counterfeiting of U.S. currency. -- https://en.wikipedia.org/wiki/United_States_Secret_Service
Will this mean we can treat cryptocurrencies like fiat currencies when tax season comes?
https://www.irs.gov/businesses/small-businesses-self-employe...
They should mention this in their website: Cryptocurrencies are harmful to the banking system and may weaken the state apparatus. Hence, citizens shouldn’t buy them.
Without question crypto, now +2 trillion in market cap, is a systemic risk to the US economy, notwithstanding serious policy mistakes the Congress, Treasury & the Fed have made since QE1. I'm hoping USSS and other entities cleans house.
USDT fully diluted market cap is about equal to that of PNC Bank, America's 7th largest bank. If PNC Bank's reserves and market action (eg. questionable "minting") were anything like USDT's we would've seen investigation and likely indictments & convictions.
They should mention this in their website: Cryptocurrencies are harmful to the banking system and may weaken the state apparatus. Hence, citizens shouldn’t buy them.
I argue that they strengthen the "state apparatus". Through competing with the national currency, cryptos force it to innovate and become faster, more resilient, more inclusive, and less prone to inflation. The fact that more and more capital is directed towards them is a symptom of the fact the national currencies have shortcomings.
I literally laughed out loud. People buy crypto because they think it will rise in value, nor because it has any relevance as a currency (outside of certain illicit markets).
They should mention this in their website: Cryptocurrencies are harmful to the banking system and may weaken the state apparatus. Hence, citizens shouldn’t buy them.
The opposite may be the case in the long-term. Cryptocurrency ownership may shift global power and non-participation could be harmful to the state, in the same way participation in the global economy may weaken the national economy, but strengthens it from the perspective of the neoliberal order.
Curious isnt the role of the secret service to protect the president and other elected officials/representatives? Why are they charged with launching crypto currency awareness? It almost feels like the executive branch is pushing for cryptocurrency crackdown through sketchy agencies.
Until 2003, the Secret Service was part of the Department of the Treasury, as the agency was founded in 1865 to combat the then-widespread counterfeiting of U.S. currency. -- https://en.wikipedia.org/wiki/United_States_Secret_Service
They seem to be starting to learn that Signal's USP is great for criminals and scammers.
To Downvoters: I'm sorry to report that it is true: [0] [1].
[0] https://www.theverge.com/22872133/signal-cryptocurrency-paym...
[1] https://support.signal.org/hc/en-us/articles/360057625692-In...