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A comment on Do Cryptocurrencies Provide ANY() Real-Economic Value at All?. Parent comment

Re:Do Cryptocurrencies Provide ANY() Real-Economic Value at ... by hooande on Sunday April 18, 2021 @09:19AM (#26852180)
Until people can buy food and essentials with crypto, it has little value on its own. The US government can ban any bank or credit processor from exchanging crypto with any individual right now.

The coins aren't any good unless you can spend them. And for the foreseeable future, governments have complete control over that

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Re:Do Cryptocurrencies Provide ANY() Real-Economic Value at ... by StuntPope on Sunday April 18, 2021 @09:37AM (#26852336)
> And for the foreseeable future, governments have complete control over that

Actually.... governments are demonstrably losing control over that.

Governments worldwide are in process of destroying their currencies.

CBDBs will be social credit mechanisms of control.

Cryptos protect you from government. This year's run is because institutions are figuring out that bonds are dead and fiats are headed for hyperinflation, and CBDBs will be constructed in a way to preclude savings and capital formation.

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