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RE: Watch Me On National TV Discussing The Proposed Indian Crypto Ban Bill!

in #india5 years ago (edited)

The simplest explanation is:
Govt prints money
Forces people to use them
Can demonetise anytime and make this paper money worthless
Control money = control people
There's no good that will come out of the ban. People will use privacy coins/conduct OTC trades in cash illegally post ban or leave the country.
But this draft may not be from the government so need to worry too much yet.

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Control money = control people

Interesting. Since crypto is decentralized and gives the power back to the people, the government won't be able to control the people if all of us start using crypto more often.

Why don't they teach this stuff in school? Oh right, because they're controlled too.