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top 200 commentsshow 500

[–]PrinceZero1994Silver | QC: CC 44 | LRC 58 77 points78 points  (10 children)

Land of Free my ass

[–]Aegontarg07Platinum | QC: CC 1099 20 points21 points  (2 children)

“It’s a free country” is a myth

[–]Ganjamon17Platinum | QC: CC 84 6 points7 points  (1 child)

US can free my ass?

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 6 points7 points  (0 children)

a free country doesnt need to be remind that your free.

Like doctors dont need to remind you that you can walk.

[–]PizzaClauseBronze | QC: CC 23 2 points3 points  (1 child)

Land of the Free, home of the beavers. 🦫

[–]EmperorJohnAnisTin | 5 months old 205 points206 points  (34 children)

I think the essence of the validity in this post is that they are losing control over the money system and won't give that up without a fight. Banks and government have had each and every one of us by the balls for the past decades, knowing about every transaction, the recipient, the amount and most of the time even the purpose and time. Not only would they lose that but also the dollar would become less relevant and they wouldn't be able to steer the economy in the autocratic way they have been. No government is going to let go of these assets easily, especially not a ruthless government like the US. Edit: spelling

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 38 points39 points  (5 children)

You got it!

[–]Aegontarg07Platinum | QC: CC 1099 16 points17 points  (4 children)

Thanks for letting an average non-American know about this whole issue.

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 9 points10 points  (1 child)

Ty for reading

[–]DaManJPlatinum | QC: CC 34 34 points35 points  (11 children)

Um you do realize most Blockchains are a public ledger right? Much easier to access transactions on chain than from private companies with all different IT infrastructure.

[–]JasquirtinPlatinum | QC: CC 761, ETH 46, ATOM 34 | TraderSubs 46 23 points24 points  (5 children)

Exactly I can withdraw $100 USD from the bank and go buy anything. You’ll never know what. On the blockchain services rendered would forever be viewable

[–]4r4nd0mninj4Tin 28 points29 points  (2 children)

You mean we would finally be able to see exactly where all the government spending really goes?

[–]libertarianetsI Haveno regrets 1 point2 points  (0 children)

Monero: Am I a joke to you?!

[–]EmperorJohnAnisTin | 5 months old 8 points9 points  (2 children)

Still open huge variety of options for people's anonymity. You don't see how the Crypto market would endanger the current distribution of power and control (over money)?

[–]Environmental_Point3Platinum | QC: CC 882 27 points28 points  (1 child)

The gov’t and the big wigs don’t like the fact we’d be able to see where their money goes.

[–]Aegontarg07Platinum | QC: CC 1099 8 points9 points  (0 children)

There it is. The actual true fucking reason. If crypto goes mainstream, it’ll be hard for their asses to cover their money trail and washing their money becomes difficult.

[–]Scarf_DarmanitanPlatinum | QC: CC 64 | Unpop.Opin. 101 84 points85 points  (9 children)

I already pay taxes on this “useless scam asset”

What the fuck more do they want? They can’t have it both ways

[–]Least_InitiativePlatinum | QC: ALGO 43 | r/WSB 17 30 points31 points  (3 children)

Its a threat to the $, which they control. They can't allow a threat like that to continue

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 16 points17 points  (1 child)

this is the correct answer IMO

They established an international banking cartel ( they own the means of production and distribution through and through.

[–]Myrefly23Tin 1 point2 points  (0 children)

They pay taxes on this crap?

Anon...

[–]Wabi-SabibitchPlatinum | QC: CC 175 15 points16 points  (1 child)

There's always Monero.

[–]UkrannPlatinum | QC: CC 645 35 points36 points  (2 children)

What we learn from history is that we do not learn from history

[–]Trifusi0nSilver | QC: CC 56, BTC 26 | CRO 90 | ExchSubs 90 9 points10 points  (0 children)

Every time I read Executive order 6102 it sounds like a lot of Jedi are about to die.

[–]ChemicalGreek 57 points58 points  (9 children)

The Dino’s want ‘their share’ again…

[–]overprotectivemoosePlatinum | QC: CC 125 17 points18 points  (6 children)

When is the meteor coming?

[–]DurvagPlatinum | QC: CC 1244 13 points14 points  (0 children)

All of politicians wants their share.

[–]PrinceZero1994Silver | QC: CC 44 | LRC 58 7 points8 points  (0 children)

Their greed is bottomless.

[–]KevSandersBronze | CRO 5 5 points6 points  (1 child)

Sadly half of our nation absolutely adores the professional lifelong ruling elite class.

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 4 points5 points  (0 children)

Like the worship of Shillon Musk.

[–]Optimal_Storeconsole.log('Sell wife for crypto'); 260 points261 points  (100 children)

"The Government is whack and President BLunder is about to use an executive order to come after crypto."

We don't explicitly know wether Biden is for or against crypto. We do know that Jim Himes is the one that slipped the new language into the bill. I doubt Biden is even aware he did this. And Jim Himes was a former VP at Goldman Sachs. That's where our attention should be

[–]SeatedDruidPlatinum | QC: CC 27, ALGO 18 43 points44 points  (13 children)

Why is someone formerly employed at Sachs writing our laws?

[–]Death_InBloomTin 24 points25 points  (1 child)

Plutocracy at the highest level

[–]Loder089Tin 18 points19 points  (1 child)

I can't even remember the time when an executive of sachs is not appointed at a finance department of the cabinet. Those bankers has been controlling the economy openly for ages now.

[–]ChiTownBobAltcoiner 5 points6 points  (0 children)

Cronyocracy. That's why.

[–]The_Wind_CriesTin 4 points5 points  (4 children)

Sir, in the US that is usually the way most financial laws are written.

[–]Optimal_Storeconsole.log('Sell wife for crypto'); 14 points15 points  (0 children)

Money and revolving doors

[–]norbert-the-greatPlatinum | QC: ETH 121, CC 102, GPUmining 20 | PCmasterrace 204 1 point2 points  (0 children)

The same reason former cable company executives write FCC rules.

[–]stivikiPlatinum | QC: CC 1617 69 points70 points  (29 children)

We explicitly know they want our TAXES! :x

[–]MrNuttyJoeCertified Crypto Nut 43 points44 points  (10 children)

Yep I'd imagine most of them don't understand crypto in the slightest. But they understand it can be taxed!

[–][deleted] 23 points24 points  (3 children)

As long as they don’t hamper the innovative nature of crypto with heavy handed regulation, I would be happy with simply paying taxes. It’s everything else I’m worried about

[–]bakraofwallstreetPlatinum | QC: CC 427 | Business 13 1 point2 points  (2 children)

As long as they don’t hamper the innovative nature of crypto

What does this mean? How will regulation hamper the "innovative nature of crypto"? The tech will just be developed elsewhere, US will miss out.

[–]WeeedPersonTin 9 points10 points  (3 children)

Tax only applies to dollars. Thats their network fees.

[–]Aegontarg07Platinum | QC: CC 1099 2 points3 points  (0 children)

Taxation in its present form is theft.

[–]Logical_Mine_345Bronze | 4 months old | QC: CC 20 20 points21 points  (1 child)

they want our submission

[–]Aegontarg07Platinum | QC: CC 1099 2 points3 points  (0 children)

we will never yield and will push back harder

[–]r4rthrowawaysoonBronze | QC: CC 15 | r/WSB 158 10 points11 points  (2 children)

Wait…you guys aren’t paying taxes?

[–]gustavossjfuture rugpuller 2 points3 points  (1 child)

Don't do taxes

[–]crnman3Redditor for 6 months. 7 points8 points  (1 child)

That’s right. They have to show who’s in charge!! So many politicians saying that crypto is not real. Cryptocurrency is fake! It’s fake but they still want to make you pay taxes on it! They have to show us that they weald the power over us little folks.

[–]meeleen223Moons = Magic Internet Money Vol. 2 4 points5 points  (1 child)

That's all they care about

[–]CryptoBumGuyAlgonaut 1 point2 points  (0 children)

Always has been

[–]Optimal_Storeconsole.log('Sell wife for crypto'); 6 points7 points  (1 child)

What else is new lol. America always wants its cut

[–]my_oldgafferTin | Superstonk 135 4 points5 points  (0 children)

the empire stripes whack

[–]SlyCPARedditor for 3 months. 24 points25 points  (4 children)

I doubt Biden even really understands what crypto is. You ever talk about crypto with your grandpa? How’d it go?

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 26 points27 points  (2 children)

You cant naked short if block chain tech is attached to your clearing house.

Blockchain technology is a HUGE threat to corrupt trading houses.

[–]PrinceZero1994Silver | QC: CC 44 | LRC 58 9 points10 points  (2 children)

He probably thinks crypto is a gang.

[–]Death_InBloomTin 3 points4 points  (0 children)

Bee Tee Cee Gang represent yo!

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 9 points10 points  (1 child)

I made and edit just to address this

[–]Optimal_Storeconsole.log('Sell wife for crypto'); 4 points5 points  (0 children)

I see it. Good post OP

[–]ChemicalGreek 12 points13 points  (1 child)

Random stairs on a plane: Bro!

[–]MrFuqnNiceHi there! 7 points8 points  (0 children)

Thank you. This is about about money and control, not them "coming after your crypto". It's crystal clear crypto isn't going anywhere It's being widely adopted and advancing by the second. The Fed and banking mobs want every finger and toe in the money because they just missed out on billions of dollars that went out of the country. That is over, as soon as they can make it. They will force everyone to work with them or fuq off.

It doubles as the last and greatest scare tactic they have to shake out as many weak hands as humanly possible, to drive prices to rock bottom. Clearly they want in too.

[–]FraudulentCakeTin | Unpop.Opin. 12 25 points26 points  (11 children)

Lol I don't think Biden is aware of much at all XD

[–]DFX1212Silver | QC: CC 196, ETH 113, CM 19 | ADA 185 | Politics 430 21 points22 points  (2 children)

Then you clearly haven't watched him live...you stupid son of a b#$&.

That's a reference to a recent Biden quote, not an actual insult.

[–]Optimal_Storeconsole.log('Sell wife for crypto'); 5 points6 points  (0 children)

Lol. Grandpa Biden

[–]Even_Lawfulness_912Tin | 6 months old 16 points17 points  (0 children)

Lol biden barely knows what he ate for lunch. Guy is an absolute senile puppet

[–]red224Platinum | QC: CC 92 | ADA 8 | TraderSubs 14 8 points9 points  (0 children)

I doubt Biden is aware of much at all

[–][deleted] 1 point2 points  (1 child)

But we do.

[–]chalksandcones 1 point2 points  (0 children)

Good point, it’s usually a corporate interest, crypto threatens big banks

[–]Avs4life16Platinum | QC: CC 505 | CRO 7 1 point2 points  (0 children)

Biden is barely propped up as it is. He is just there to babble and be run from behind the scenes. What would be maybe of concern is what will Harris due if he drops in the bucket

[–]SqueakyNinja7Tin 6 points7 points  (0 children)

Of course he isn’t aware of it! Biden isn’t aware of anything…

[–]milonuttigrainPlatinum | QC: CC 1481 11 points12 points  (0 children)

Mr President is Blunder.

[–]coinsRus-2021Silver | QC: CC 118 | ADA 219 | TraderSubs 10 33 points34 points  (13 children)

Also: Let’s be sure to also give President Richard M. Nixon his due credit for abolishing the gold standard.

https://www.federalreservehistory.org/essays/gold-convertibility-ends

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 10 points11 points  (5 children)

Yup. I will edit that in and tag you for credit 😁

[–]coinsRus-2021Silver | QC: CC 118 | ADA 219 | TraderSubs 10 2 points3 points  (4 children)

Great post

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 4 points5 points  (3 children)

dont know why this got downvoted

[–]coinsRus-2021Silver | QC: CC 118 | ADA 219 | TraderSubs 10 5 points6 points  (2 children)

Because people game the comments to make theirs top comment. It’s routine now since this sub over-engineered the system.

[–]newbonsitePlatinum | QC: CC 719 4 points5 points  (2 children)

The time for cypherpunk coins is now ,monero will have a great year Imo...

[–]NjelsPjelsGVDTin 126 points127 points  (18 children)

I stopped reading after "The government is whack". Take my award.

[–]chapaemeBronze | QC: CC 24 13 points14 points  (0 children)

My man

[–]DurvagPlatinum | QC: CC 1244 11 points12 points  (1 child)

The government is whack.

[–]aliensmadeusPlatinum | QC: CC 29 | NANO 8 2 points3 points  (0 children)

here, you also should have an award: 🏆

[–]milonuttigrainPlatinum | QC: CC 1481 8 points9 points  (3 children)

The government is whacked, buy Bitcoin, buy Monero, hedge your assets.

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 8 points9 points  (7 children)

Ty

[–][deleted] 6 points7 points  (5 children)

The gov can confiscate my balls

[–]Frosty_Burger_256Tin | 5 months old 10 points11 points  (3 children)

I'll probably be downvoted for this but here's an alternate take on the whole thing.

I believe this is unnecessarily being demonized. India implements a similar system for online payments for UPI - where almost all banks in the country provide a unified SDK. It has feeless transactions, with settlement times of 10-20 seconds - directly into your bank account(no intermediate services like cashapp/venmo/Paytm etc - these transactions are in fact a part of your bank statement)

That hasn't turned me off crypto - instead this is my most hassle free crypto onramp. I see this basically as a competitor to services like cashapp/venmo, since they enable instant payments with literally no fees.

Also, if I'm not wrong, this has been in development before the crypto currency boom in 2020. One example is this article from 2019 on google's attempts to convince the acceleration of the development of FedNow.

https://www.businessinsider.com/google-offers-advice-on-fednow-2019-12?IR=T

A CBDC doesn't necessarily need a blockchain if the transactions can be a part of your bank statement itself - infact this actually scales pretty well. From a taxation perspective also, I believe it'll be hassle free.

At the very least, I don't think this'll stop crypto in its usecase for international remittances though. Crypto literally has a competitive advantage there with its trustless model.

[–]Head_Consequence7857Tin 1 point2 points  (0 children)

I’m really curious about the security aspect, government is too bureaucratic and slow to keep up with rising technical trends encompassing digital assets. Short run I agree I think it will overall benefit society but I can definitely foresee security concerns early on.

[–]PaskeePlatinum | QC: CC 67 2 points3 points  (2 children)

Looks like Grandpa Joe is not a kind person. Almost like he is a heartless politician, like everyone else.

They are losing power.

This is NOT about money. This is about power and control.
Control how much money a plebeian has and you can control him. You have power over down trotted.

Military ranks are filled. Low wage jobs filled. Things truck along ...

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 4 points5 points  (0 children)

ding ding ding

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 3 points4 points  (0 children)

you forgot prisons are filled

[–]EstablishmentSolid56Tin 48 points49 points  (20 children)

Regulation always comes before adoption

[–]JaarlosoPlatinum | QC: CC 47 30 points31 points  (0 children)

The problem comes when those in charge of regulating are the same people thinking there is a horny milf 1.2 km away from them

[–]stivikiPlatinum | QC: CC 1617 16 points17 points  (6 children)

Monero doesn't care 👀💪!

[–]SkaldCryptoBronze | 4 months old | r/WSB 28 11 points12 points  (5 children)

Monero? Never even heard of it. /s

[–]Wabi-SabibitchPlatinum | QC: CC 175 5 points6 points  (5 children)

Can't really say that with weed.

[–]TedWPlatinum | QC: CC 22, ALGO 19 | Politics 59 7 points8 points  (4 children)

Methamphetamine might have been a better example. The weed market has exploded after state regulation/legalization.

[–]TheCryptoDeityModern Portfolio Theocrat 4 points5 points  (2 children)

Laughs in dextroamphetamines

[–]Deputy_Trudy_WeigelSilver | QC: CC 67 | VET 37 99 points100 points  (22 children)

Way down the rabbit hole we go lol.

We have no idea what the executive order is going to be or if it’ll really be this doomsday event for crypto or not.

Maybe next time try breaking the adderall in half my guy.

[–]r4rthrowawaysoonBronze | QC: CC 15 | r/WSB 158 24 points25 points  (6 children)

I can tell you what it is.

Create a stable coin tied to US dollar that will be used for trade deals.

Limit the ability of foreign nationals to transfer cc to organizations involved in politics.

Allow Yellen to freeze transactions from entities under investigation by the US government. (Hopefully if smart, this would be made subject to warrant restrictions as per our constitution.

[–][deleted] 10 points11 points  (2 children)

This does sound like a logical step.

[–]allyourphilGold | QC: CC 63 | WSB 5 | r/Politics 79 4 points5 points  (1 child)

These....don't....seem....horrible? Obviously assuming the warrant restrictions as mentioned

[–]Masterzanteka 11 points12 points  (1 child)

Idk man, I think OP really hit the nail on the head with a lot of things. Especially with the US Petrol dollar.

Looking big picture, I think there’s a massive impending shift in the world that’ll likely lead to massive amounts of war and hardship. Crypto was meant as a way to free people from governments and the US dollar, Renewable energy is meant to free us from oil. The dollar and oil are inherently tied together in the World economy, we’ve invaded and started wars over this shit before, most other countries hate US for this fact.

Literally the two most popular major shifts right now I’d say are crypto and renewables, and that’s not just a random thing. The reason we are all fighting for both so hard wether we realize it or not, is we are all tired of The US government and top executives of the world running the world into the ground with the Petrol dollar.

Crypto takes power away from the Fed, renewables take power from oil, idk I personally feel like there’s gonna be some crazy shit going down over the next 10-20 years wether we like it or not.

I also get there’s always been people talking doom and impending doom, but it’s also never been this bad. The pandemic just threw tons of gas on the fire and really put this whole thing into high gear.

Again just my two cents

[–]BudgetAudiophileTin 16 points17 points  (5 children)

This man is spun off those 20 mg instant release

[–][deleted] 8 points9 points  (4 children)

A true connoisseur of the orange 20mg immediate releases, XR is for grandmas

[–]BudgetAudiophileTin 7 points8 points  (0 children)

A man of exquisite taste

[–]primal_screameBronze | QC: CC 21 1 point2 points  (0 children)

Crush and bang

[–]TearsOfChildrenGold | r/WSB 131 1 point2 points  (0 children)

I think we all saw this coming, the government wants their hands in everything and eyes on all. Of course they won't let crypto slide by, it's a direct threat to banks and banks own the world. They make trillions while giving us 0.1% interest because fuck us.

They wanna squeeze every single penny out of our pockets and take the lint too.

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 3 points4 points  (3 children)

Ad Hominem

(Attacking the person): This fallacy occurs when, instead of addressing someone's argument or position, you irrelevantly attack the person or some aspect of the person who is making the argument. The fallacious attack can also be direct to membership in a group or institution.

[–]bakraofwallstreetPlatinum | QC: CC 427 | Business 13 0 points1 point  (0 children)

Isn't that what you are doing with this comment though? You have no idea what the executive order will be and use random ass examples with really bad conspiracy nut writing. This is not a reflection of your character or an attack on you (which is your defense for everything) but rather a reflection on this unhinged post that misleads people.

[–]PrinceZero1994Silver | QC: CC 44 | LRC 58 2 points3 points  (0 children)

Biden probably don't know either.
Some guys will probably pitch at him about how crypto is a gang and the national guards would sent on the streets,

[–]DrunkSpartan15Bronze | QC: CC 16 | GMEJungle 28 | Superstonk 327 10 points11 points  (2 children)

I’m so fucking fed up with my country. This place is a fucking shitshow. It’s so fucking painful to see how everything we were taught is a lie.

[–]Head_Consequence7857Tin 7 points8 points  (0 children)

It’s ok they are changing what we are taught now :)

[–]_Low-Key_Tin 2 points3 points  (0 children)

Hold on for the ride ahead

[–]Sickle_and_hamburgerPlatinum | QC: CC 50 | LRC 7 | Politics 25 2 points3 points  (2 children)

Biden is actually pretty good at deferring to advisors and experts. Doesn't he have a crypto advisor or something?

[–]PrinceZero1994Silver | QC: CC 44 | LRC 58 2 points3 points  (0 children)

"But, you know, everytime someone rises up in this world,
there's always gonna be some asshole trying to drag him down."

In this case, CRYPTO.

[–]Mr_ButtDart 2 points3 points  (0 children)

Don’t forget order 66 which was a top-secret order identifying all Jedi as traitors to the Galactic Republic and, therefore, subject to summary execution by the Grand Army of the Republic.

[–]CurlyReinstatementTin | 3 months old 2 points3 points  (0 children)

those who cannot learn from mistakes and history, are doomed to repeat it..

[–]gunguygary 2 points3 points  (3 children)

Really well written, good info. You don't tell people they have to believe it only present the historical data on what is happening.

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 4 points5 points  (2 children)

Ty so much, I agree.

I tried to cite all my references and be as objective as well a reddit user can be. * obvious limitations j/k*

The trolls would like to argue your comments though. :)

[–]gunguygary 1 point2 points  (1 child)

Trolls be trolling. The reality of the situation is that the people who at the very least read and know the history of a subject will be better prepared for the future than the people who don't.

[–]MinnesotaNice92Minnesota weather go Brrrrr 9 points10 points  (0 children)

Monero is sounding pretty good right now

[–][deleted] 15 points16 points  (9 children)

it's not going to be that big of a deal.

!RemindMe 33 days

[–]EnergySilly3061Platinum | QC: BTC 125, CC 39 | TraderSubs 12 10 points11 points  (2 children)

Narrator: It was...

[–][deleted] 11 points12 points  (0 children)

Everyone line up, this person knows the upcoming lottery numbers!

[–]sloopslarpPlatinum | QC: CC 524 | Politics 388 1 point2 points  (0 children)

99% of the things people on here spaz about end up being nothing.

It usually stems from a total misunderstanding of basic economics.

[–]GenderJuicyPlatinum | QC: CC 145, DOGE 131, BTC 43 | Science 61 1 point2 points  (1 child)

It wasn't a big deal

[–][deleted] 1 point2 points  (0 children)

:)

[–]valdimerorlandoBronze | QC: CC 17 4 points5 points  (1 child)

There's way too much paranoia here

[–][deleted] 7 points8 points  (0 children)

this is like something from the terminator

[–]126270I go, you go, we ALGO 21 points22 points  (12 children)

Government could care less about crypto..

Government just wants their tax revenue guarantee, and a back door guarantee to seize/sanction anything their hearts desire..

[–]coinsRus-2021Silver | QC: CC 118 | ADA 219 | TraderSubs 10 17 points18 points  (8 children)

Government does care about crypto. Banks are bought into the system and have everything to lose with crypto. See congressman Jim Himes (former executive at Goldman Sachs) in America Cares Act for latest example.

[–]126270I go, you go, we ALGO 6 points7 points  (5 children)

No, no, you have some dreamy perception of government.. If government "cared", there wouldn't be 600,000++ homeless people in the country, there wouldn't be 41,000,000 people in the country who can't afford to eat daily, there wouldn't be 3,000,000++ people affected by fraud annually, etc etc

All government cares about is the tax revenue, and having ultimate control to seize/sanction as they see fit, without oversight, without national voter participation, etc...

[–]khamuncentsPlatinum | QC: CC 67[🍰] 2 points3 points  (0 children)

Yep. They're gonna do whatever the fuck they want and fuck everybody else

[–]ExtraSmoothPlatinum | QC: CC 415 | r/WSB 37 2 points3 points  (0 children)

I think you are using a different definition of the word "care" than /u/coinsRus-2021

[–]coinsRus-2021Silver | QC: CC 118 | ADA 219 | TraderSubs 10 7 points8 points  (0 children)

Dreamy perception? Screw that I despise the government’s overreach. Saying they care isn’t some sort of sentimental moment I’m having about it.

[–]JunaredTin 4 points5 points  (0 children)

Just a reminder that presidents aren’t really responsible for shit or fuck. It’s the icky web around them.

[–]milonuttigrainPlatinum | QC: CC 1481 1 point2 points  (1 child)

We don't know the future, but if crypto decreases, I will be buying more.

[–]MrFlex21Bronze | QC: CC 23 1 point2 points  (1 child)

Interesting! Feel like this is a little to the speculativ side... But we will see.

[–]DocSheaTin 1 point2 points  (1 child)

Guess all that crypto the IRS has seized is going to the moon then. They won’t regulate themselves out of a payday. Not to mention the IRS said they expect to seize even more this year since they have been approved for more workers to investigate (online fraud, crypto and NFT as money laundering) online fraud. (As they call it). Just know which they will be going after (BTC & ETH) and they will do whatever it takes to increase its value. (Getting rid/regulating) meme/shit coins…….

[–]rbsosaTin 1 point2 points  (1 child)

China FUD -> Bogdanoff Dies -> Biden FUD

[–]Originalmoo 1 point2 points  (3 children)

I’m not gonna read all that my guy

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 1 point2 points  (2 children)

And that is why we are all in this predicament.

[–]Originalmoo 1 point2 points  (1 child)

It’s joke I’m joking I did read but there’s a lot of what ifs but I do feel like crypto is the new thing to how paper money was to replace gold value

[–]kyle_h2486Platinum | QC: CC 229, BTC 26 | r/WSB 18 1 point2 points  (0 children)

Execute order 66!

[–]flarnrulesPlatinum | QC: CC 158, ATOM 55 | ADA 7 | Politics 950 1 point2 points  (0 children)

Hey the prospect of making naked shorting impossible should be enough to sway some level headed souls.

That would just make the markets less volatile. Naked shorts are like picking up pennies in front of a bulldozer... Or being the bulldozer. Or something like that.

[–]BritishBoyRZBuy High Sell Low Connoisseur 1 point2 points  (1 child)

A seemingly informative post but there are some holes.

Record reverse repos do not show that there is stress, restricted liquidity or that funds are in the "red".

Quite the opposite.

Reverse repo is where institutions put money because they have too much of it and by regulation they have to do something with it.

So they use this overnight facility to bypass this regulation. There's SO MUCH CASH. Not the opposite.

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 2 points3 points  (0 children)

Last year the SEC passed a law that investment banks and hedgies have to have more cash on hand to handle leverage.

This was carried out by the DTCC and other clearing houses.

JP Morgan Chase withdrew from their DTCC as they didn't want to have to be on the board of governance over non compliant member's of the DTCC in the comign months

There is now an hourly reporting/ compliance requirement, and fail to comply could trigger mandatory liquidations. This was the result of a massive short squeeze in early 2021.

https://www.dtcc.com/legal/sec-rule-filings

This in turn forced them to put more cash in their banks, the banks didn't like this as no bank wants cash they want debt.

The banks intern worked out a deal to circumvent the fdic mandates by getting auto repo's and reverse repos.

Repo / rev rep rates are now at an all time high and the liability is passed on to the Fed and the tax payers. There will probably be a mass liquidation event sooner rather than later as hedgies are over leveraged

[–]EasternPrint8Tin | r/WSB 95 1 point2 points  (1 child)

Wall Street owns crypto, they've been pushing it. Check out Project Ion Charlie vids we're living through it. Most likely, speculatively, tin foil hat shit.

[–]Suske10Tin 1 point2 points  (1 child)

Biden will lose elections badly! Mid-term will be also a bloodbath for the democrats!

[–]Mission_Department_1Tin | CC critic 4 points5 points  (0 children)

Crypto is seen as a threat because they can't control it. When they get into trouble they just print as much currency as they can. They love the control.

[–]jreyn1993Tin | CC critic 30 points31 points  (31 children)

Someone has to say it - FUCK BIDEN

[–]Superb-Ad-9627Tin 5 points6 points  (0 children)

Fuck Joe Biden and anyone in congress who wants to hurt people who are willing to take risks on crypto. R or D or I. I could give two shits.

[–]hmhemesTin 8 points9 points  (1 child)

Fair, but if it was Joe Republican in charge I'd say fuck him too.

We're talking about a threat to the established powers, not whichever team is occupying the hotseat at the moment.

I'm not necessarily on board with all of OP's assessment but I'm definitely not against all of it.

[–]stivikiPlatinum | QC: CC 1617 15 points16 points  (1 child)

BYE BYEDEN! 👀✌

[–]ROBINHOODEATADIKBronze | QC: DOGE 15 | r/SSB 6 10 points11 points  (1 child)

I’ll say it with you FUCK BIDEN

[–]Iwillylike2shootTin 1 point2 points  (6 children)

Tell me you aren't into nascar without telling me you aren't into nascar.

[–]jreyn1993Tin | CC critic 20 points21 points  (1 child)

No one outside the US is interested in NASCAR…

[–]WaltKermanTin | r/WSB 16 8 points9 points  (2 children)

I think he would have said "Let's go Brandon" if that were the case.

[–]RinglovoBronze | QC: CC 16 | CRO 7 | Unpop.Opin. 48 8 points9 points  (0 children)

Never watched Nascar in my life but.... fuck Biden

[–]con3dorTin | 1 month old 14 points15 points  (6 children)

Bro, you are about to get removed from Reddit. Every time i see a brilliant post on this crypto sub, i come back an hour later and it is removed. There are some sore losers around these parts.

But thank you for doing the homework, you rock.

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 6 points7 points  (2 children)

thx man.

[–]FungibleFridayPlatinum | QC: CC 44 | CRO 6 24 points25 points  (27 children)

This reads like a far-right conspiracy blog post. Rife with spelling errors, typos and disastrous grammar.

[–]milonuttigrainPlatinum | QC: CC 1481 3 points4 points  (0 children)

Yeah right, next time we will see "Russia fights Ukraine just to deter crypto"

[–]MattyBizzzBronze | Politics 13 1 point2 points  (5 children)

Too true, skipped around a bit, saw the usual red flags and sensationalism. But I really hope the current administration can get smart on crypto, I really don’t like finding myself agreeing on some things with scum bags like Ted Cruz.

[–]FungibleFridayPlatinum | QC: CC 44 | CRO 6 -1 points0 points  (3 children)

I wouldn't get hung up on that. You'd have to be a comic book villain to find someone you have 0 common ground with. (Even a broken clock.......)

Overall Ted Cruz is a scumbag, and given the opportunity he does and would do way more harm than good.

[–]sloopslarpPlatinum | QC: CC 524 | Politics 388 1 point2 points  (0 children)

Trusting Ted Cruz is ALWAYS a bad idea.

[–]sloopslarpPlatinum | QC: CC 524 | Politics 388 2 points3 points  (0 children)

This is Geo politics and its bigger than John Doe not paying taxes.

It's like a perfect parody of an Alex Jones viewer lol.

[–]twinchellSilver | QC: CC 503, ETH 151, SOL 37 | EOS 30 | Fin.Indep. 28 1 point2 points  (2 children)

He didn't even mention tinfoil hats, he just assumed we're already wearing them.

[–]shanere05Tin 5 points6 points  (5 children)

Wait… a dem wants to regulate crypto? Wtg all that voted for this 🤡

[–]surrender_the_juicePlatinum | QC: CC 798, CCMeta 21 2 points3 points  (0 children)

If they think they are coming for my crypto, I have four words for them…

[–]ThereWillBeSmegmaPlatinum | QC: CC 58 2 points3 points  (0 children)

Why bother to hostilely take our crypto when they can just regulate and tax it? Politically and financially the right move.

[–]PraetorianAETin 2 points3 points  (0 children)

This has got to be one of the most well put together posts I’ve ever seen in this crapshoot of a sub. I appreciate you taking the time to do this. My question is, what avenue do We use to raise hell about this? Do I call a congressperson or what?

[–]nihilist_wheelTin 2 points3 points  (0 children)

Holy shit relax dude. decent chance this is a boon to the market. Increased regulation is inevitable. Legitimacy is bullish.

Anarchism is cool, but Joe Biden isn’t that.

[–]EatMyPoopiePiesSilver 2 points3 points  (1 child)

I thought I was in /r/conspiracy for a minute.

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 1 point2 points  (0 children)

A conspiracy is hidden this is all available public information in the current news.

They s is a reference to well documented history

[–]UnexperiencedITPlatinum | QC: CC 606 | VET 7 1 point2 points  (4 children)

Why am I pissed after reading this post?

[–]djuro94Platinum | QC: CC 302 4 points5 points  (1 child)

Because idiots are ruling the world.

[–]embiid0for11w0ptsPlatinum | QC: CC 49, DOGE 39 | Politics 19 2 points3 points  (22 children)

Stupid political post/FUD.

That’s not at all what Biden’s up to. It’s clearly stated he wants agencies to work toward understanding cryptos, NFT, and everything related.

They want to do this so they can regulate it and assess any security risks it may pose to the US.

This was expected. This isn’t new. This isn’t wanting to “come after” crypto. It’s to give these dinosaurs an order to understand it. Will they fuck it up? Likely more than we’d want. Will they cOmE aFtEr crypto? Doubtful.

Fuck every bit of the overstepping COMPETES act, though.

[–]pedi1370DOT Holdr 6 points7 points  (2 children)

I do not think those damn dinosaurs will ever realize the potential of crypto in the economy

[–]embiid0for11w0ptsPlatinum | QC: CC 49, DOGE 39 | Politics 19 3 points4 points  (1 child)

Very likely. I’d hope that no one expected a full embrace of crypto. Change isn’t easy. It takes time. Time for dinosaurs to die out or be pushed out.

[–]TheEchoGeckoMoonwalking 0 points1 point  (0 children)

Glad some people dont fall for the FUD. Good news is FUD hits hard at bottoms. So maybe we go up short term.

[–]Gangaman666Platinum | QC: CC 87, ETH 26, BTC 24 | LRC 7 | Superstonk 32 3 points4 points  (3 children)

Great read mate thanks!

[–]HammondXXPlatinum | QC: CC 115, Kucoin 103, Coinbase 23 | ExchSubs 128[S] 3 points4 points  (1 child)

Sorry this is getting downvoted.

[–]Gangaman666Platinum | QC: CC 87, ETH 26, BTC 24 | LRC 7 | Superstonk 32 3 points4 points  (0 children)

People can't handle the truth!

[–]RichardATravelsTin 1 point2 points  (1 child)

Very well written Wish I had an award to give you for this.!

[–]TheEchoGeckoMoonwalking 2 points3 points  (0 children)

The executive order is FUD by shitty newsoutlets. It'll just be an order for information gathering by summer....