The chilling warning was about POLITICAL CONTROL of digital currencies, as is presently the case in China. Fully anonymous digital currency, as envisioned by Satoshi Nakamoto, cannot be abused the way a central-bank-owned digital currency may. As a temporary measure, I favor a complete ban on a digital US Dollar. Eventually the convenien…
The chilling warning was about POLITICAL CONTROL of digital currencies, as is presently the case in China. Fully anonymous digital currency, as envisioned by Satoshi Nakamoto, cannot be abused the way a central-bank-owned digital currency may. As a temporary measure, I favor a complete ban on a digital US Dollar. Eventually the convenience of crypto will reach the point that people use it privately, and government will need to be able to trade in it.
I would favor a system in which the Government holds a competition on which cryptocurrency can best replace the dollar, and the Fed pays for that currency in gold or silver, and phases out the dollar.
If dollars collapse in value where it takes a million of them to buy an ounce of gold, old dollar debts can be paid off in gold and inflation can be outlawed.
The chilling warning was about POLITICAL CONTROL of digital currencies, as is presently the case in China. Fully anonymous digital currency, as envisioned by Satoshi Nakamoto, cannot be abused the way a central-bank-owned digital currency may. As a temporary measure, I favor a complete ban on a digital US Dollar. Eventually the convenience of crypto will reach the point that people use it privately, and government will need to be able to trade in it.
I would favor a system in which the Government holds a competition on which cryptocurrency can best replace the dollar, and the Fed pays for that currency in gold or silver, and phases out the dollar.
If dollars collapse in value where it takes a million of them to buy an ounce of gold, old dollar debts can be paid off in gold and inflation can be outlawed.