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RE: Bitcoin Will Not Replace The US Dollar

in LeoFinance6 months ago

I read your post with great interest. I agree with much of it; however, I disagree with the portrayal of the U.S. Dollar as a freely distributed currency. Its political component makes it a disruptive factor in terms of dominance, and therefore a threat to the freedom of individuals or states that politically or ideologically disagree with the United States, preventing them from using their funds, investments, or assets in U.S. dollars.

If the U.S. government accuses you—whether with evidence or not—of financing terrorism or of being 'antisemitic' for criticizing the Palestinian genocide in Gaza, financially speaking, you’re canceled. In the fiat system, you are essentially sentenced to non-existence.

On another note, without a doubt, Elon Musk is nothing more than a fraud who knows how to attract the masses (like the current orange-skinned tenant of the White House). At one point, he announced he would use Tesla’s revenues to acquire BTC (as Michael Saylor does with MicroStrategy), only to later sell off all his crypto holdings to favor Biden’s political interests. He will always dance to the tune played by whoever is in power in Washington, and it will be no different with Trump."