As Ilhan Omar so eloquently said, "It's All about the Benjamins baby!!!!"
And how true. The government exists to siphon wealth from the working and lower socioeconomic classes. Cryptocurrency democratizes access to finance, which then creates a larger pool of potential extortion targets by the IRS.
The reason any country will legalize commercial cryptocurrency use will be for taxation purposes, because, as you noted, economies are failing all over the world with no end in sight for many countries trapped in spirals caused by hyperinflation.
Posted Using LeoFinance Beta
Taxation is always at the top of the list. Control is also there. I guess they go together.
Either way, we need to keep pushing the technology via development.
Posted Using LeoFinance Beta
100% I am in favor of any user looking to do the bare minimum, to spin up local instances of whatever blockchain they like, and provide more redundancy on their respective networks - further distributing risk and lessening concentration on any singular provider
Posted Using LeoFinance Beta