<<  >> (p.2)
    Author Topic: Governments planning a Crypto Crackdown?  (Read 663 times)
    Hydrogen
    Legendary
    *
    Offline Offline

    Activity: 2758
    Merit: 1446



    View Profile
    November 25, 2021, 11:59:08 PM
     #21

    It is possible that a crypto crackdown might be accompanied by central banks deploying their CBDCS (central bank issued digital currencies). Who can say for certain what the future holds.

    One defense is to encourage mass adoption of cryptocurrencies. The more support BTC and crypto have, the harder it will be for crackdowns to be accepted. If banks were deemed too big to fail in 2008. Cryptocurrencies might survive by becoming too big to fail on their own merits. Bitcoin's trillion dollar market cap is definitely a step in the right direction.

    Another defense is people making more of an effort to understand how finance and the economy function. Becoming financially literate is the best way people can protect themselves from being scammed.

    It could also be a good policy to prepare alternatives in case crypto bans are someday pushed through. A barter system could be one option. If its not, hopefully someone smarter than I am will come up with a better idea.
Page 1
Viewing Page: 2