1/It’s time to game this out.
The US bans or heavily taxes crypto/USD exchange transactions. Bros are up in arms. There may be violence. Many will threaten to leave the country.
Some will. Overall this would be a net gain to the country.
The US bans or heavily taxes crypto/USD exchange transactions. Bros are up in arms. There may be violence. Many will threaten to leave the country.
Some will. Overall this would be a net gain to the country.
2/If this happens now, it will be noisy and possibly violent. There will be some possible economic instability while the change is digested.
If we do it later, many more people will be radicalized and will potentially lose their assets, with a much higher likelihood of violence.
If we do it later, many more people will be radicalized and will potentially lose their assets, with a much higher likelihood of violence.
3/The only real option is to take decisive action now, either via Executive Order, or possibly by applying harsh immediate sanctions on stablecoins like Tether, to collapse the Ponzi.
To continue to entertain this emerging speculative bubble is to court disaster.
To continue to entertain this emerging speculative bubble is to court disaster.
4/Not only are otherwise productive people being shunted into corrosive, worthless projects and speculative trading, these channels are helping to fuel networked insurgencies. It’s not hard to see where this is going.
5/We either forcefully shut this down now with prejudice and pay today’s price for doing that, or we shut it down later and pay a much steeper price. Your move, @POTUS @WHCOS .
6/Every day that passes where we don’t address this signals that this administration either doesn’t understand this or is complicit, and I don’t believe that. At least say you are on this problem. We need to know you are aware.
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