Reggie Middleton US11196566, JP6813477, JP7204231 Profile picture
Disruptor-in-Chief, Founded DeFi in 2013, DeFi patents JP6813477B2, US11196566, JP7204231b2 Predicted all financial crises since '07 & Self-Sovereign Finance
Mar 16, 2021 8 tweets 5 min read
Scorched earth crypto legislation through enforcement is likely the worse US regulatory policy error ever made. As cash becomes CBDC, we'll make any value transferable as a currency, to be denominated in fiat of user's choice, meaning fiat no longer needed Fiat's primary draw is two-fold:
1) It cures the liquidity, fungibility and portable ailments that plagued direct physical barter, and
2) Countries only allow their national fiat to be used to pay their mandatory taxes.

#P2PEconomy addresses 1), leaving only 2 as a use for cash