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Comment by strangattractor

4 days ago

Yes my entire retirement is in "gov't currency" called US dollars and Stocks.

I asked for specific evidence or instances of corruption or unfairness. Making an accusation (gov't is corrupt) without evidence or example and saying something is true repeatedly is not a substitute for actual evidence. There are many documented cases of money laundering and wash trades with Bitcoin. These same activities are done using fiat currencies, but in the US at least BT (before Trump), they were illegal and people doing it were subject to criminal investigation. I do agree that there are many gov't policies that have lead to inequities in the distribution of the money that should be addressed.

Bitcoin will only make a fixed number of Bitcoins but they forked Bitcoins into 2 separate coins years ago which some might consider as printing more Bitcoin since everyone got a copy of their existing coins. New ShitCoins are minted to scam people on a regular basis. If anything the barriers to printing too much money are lower with Crypto because it is so easy to make a new coin type. Have you invested in any NFT's lately? What about coin front running? [0]

[0] https://www.reuters.com/world/americas/argentina-main-stock-...

Thinking Crypto is not subject to corruption is very naive.

>"If you don't think the government is corrupt, I don't know what to tell you. " If you cannot explain of give examples then I have to assume you don't really know - it is your opinion. I am sure people living in certain deeply corrupt countries - Russia comes to mind - like Bitcoin because their countries currencies are unstable and access to other currencies is limited. That said the reason they like it is BC can be exchanged for stable currencies to buy things. If those stable currencies did not exist BC would be useless for them also.