Political aspects of cryptocurrencies

[Zigabel]

But I think that the rise of cryptocurrencies will be an important first step towards a revolution in the Western world against the Deep State. I found that many people in the Western world, especially in Europe, are brainwashed - they often simply deny that the inflation is a hidden taxation. So when the bitcoin will cost 1m, these lies of the ruling class will be destroyed, the people will start thinking. That's why buying bitcoins now is an investment into future revolution of the Western people against the Deep State, so I think that in nearest years the bitcoins will grow very rapidly.

You can never go wrong with investing in crypto and that is because crypto, to be precised, Bitcoin is very much futuristic and not one you should even fear you will regret investing in it any soon. I always do say that the best time to invest in BITCOIN is has always been now, if you wait till tomorrow, you may be late on the investment because the price them must have changed away from that which it was today that you refused investing.

Even the ruling class understands the essence of Bitcoin and the futuristic values it has and has even begun to key into it even when they know they have a whole lot to do with  the current economic situation and may have themselves exposed as stated by you.

[Mate2237]

Snip

Isn't the reason that rich people invest in various assets simply because they have enough money for their daily lives and can afford other ways of investing? 
Give a poor person bitcoins or other assets, and the first thing he will do with them is sell them. And I don't think we need to condemn him for this, because firstly we need to ensure that basic needs are met, and then we need to think about investments. Moreover, Nvidia shares or cryptocurrency cannot be used to pay for utilities, for example.

A man who has is finding it difficult to eat can't be talking about investment, this is the reason why we don't see the low earners and those struggling financially investing because, to them the most important thing is is food. It's very hard to see a poor man see investing it will take a poor man who is forsighted and is really concerned about changing his financial situation to endure hunger and thinks about investing.


Investing is mostly done by the rich because they have broken beyond that realm of lack and food and shelter is no longer there problem

[xandry]

You think Tether is based in USA? Of course not, it was something like Bahamas or something, because they can't do that in the USA, and even though they are not there, they were asked to be audited and then fined for even the smallest things. That is why it's clear that we are not going to see the same thing here with what Libra deal.

You're right, and USDT doesn't comply with U.S. law, so they created a second token specifically for the United States.
https://tether.io/news/tether-unveils-usat-its-planned-u-s-regulated-dollar-backed-stablecoin-and-will-appoint-bo-hines-as-ceo-of-tether-usat/

These projects you mentioned are all blockchain based tokens owned by these rich people, and who is Durov, the telegram owner?

Yeah, yeah, the same Durov who portrays himself as the savior of the free Internet at the same time does not consider it necessary to include mandatory encryption in his messenger.

[jostorres]

The one thing that I can think of is reserves. I understand it is not going to be accepted forever, but it is quite clear that if we reached ETF level, then we can reach the strategic reserve level too.

Sure maybe not right away, but it looks like almost every nation I heard of is saying they will not be selling the seized crypto. Meaning they have a default reserves in crypto, yes they are not spending any money on it, but they are definitely making some good returns from this as well. If they just seize criminals crypto and keep that, just hold as long as possible, that's going to be a great reserve for them. This will be a great deal for them, and should not be a bad income for the future and help the public too.

[TheUltraElite]

Of course the middle class is taxed the hardest but they dont have a way out of it. The rich will remain rich because of their habits and control over important figures.

Poor will take poor decisions and not be able to grow out of poverty into middle class.

We all understand this, the way out is to keep track of investments and methods to develop your own skills so that new jobs are possible and the middle class can keep itself earning decently.

No direct solution but you can bear with this and make money out of it.