You are viewing a single comment's thread from:

RE: U.S. Senate: Crypto Currency Killer Bill. The big banks already own the bulk of Bitcoin.

in #enslaved • 7 years ago

Good video man food for thought but I have to say I disagree with a lot of what's said in this video.

You reference Bitcoins have been used to buy drugs, a whole lot more greejnback Dollars have been used to buy drugs than Bitcoin ever has.

You also mention BSA/AML laws being passed and somehow that's a reason not to make a boatload of cryptos? This shoudln't be a surprise, AML/BSA laws are at play in every financial system and transaction in the USA. Why do you think Coinbase and all these companies have to go through so much regulation, have bonds, etc. So do banks, Paypal, Stripe, Braintree, etc. If you buy a car over 10k cash they are going to file a CTR on you.

Bitcoin is more resistant to government intervention than any other methods out there.

These reasons IMHO are akin to saying you shouldn't start a business because you may be subject to taxes and possibly some regulation

7 years ago in #enslaved by
$0.00
    1 vote
    Reply 1
    Sort:  
  • Trending
    • [-]
     7 years ago 

    I just love the feel of gold and silver in my pocket . 100 silver and 5000 gold are that far away. And the farmers and contractors i deal with take the coins. I own bitcoin just for fun. I do not take it serious. If putin comes up with a gold backed Crypto i will consider an investment.