Today at 3:00 PM I will be debating cryptocurrencies with Kart Thorburn. He is the house cryptocurrency enthusiast for Counter Currents. The topic is whether crypto can threaten the hegemony of the dollar and fiat currency in general. My position is that cryptocurrency can be useful to dissidents on the margins, but it will never be a threat to legal tender, regardless of who holds power
The live stream is here: https://dlive.tv/NixJeelvy
I won’t be able to take in the live stream, but I agree with you: Governments are never going to give up control of money.
I’ll watch the recorded version and see if it changes my mind.
The federal government has already shown itself willing and able to seize Bitcoin tied to dark web activity it does not like.