You trusted the institution that brings death, destruction, and degradation to billions of people on a regular basis...to not mess with your money?
I don’t understand the major panic sell-off of crypto after South Korea started “regulating” (read “crushing”) it and India came out swinging against it.
Did people truly buy crypto without already factoring in the concept that it was only ignored because it wasn’t a threat to State hegemony until it started to gain popularity?
How did anyone think that this was just going to be something about which States would shrug and go, “Meh. Whatevs.”
All States are variations of an apparatus specifically built to benefit the ruling caste and ensure that they can maintain their wealth and power forever.
Some States are better at making it seem they are letting regular individual people decide their own fates, by creating ridiculous tautological ideologies and gibberish like “democracy” or “bills of rights.” But that doesn’t change a States’ true purpose to keep everyone else down so a small elite can stay on top of wealth, power, and control over the destiny of the world.
Cryptocurrency could change all that. It gets around States. It makes them obviously superfluous.
States are already unnecessary, but Crypto is a simple way to show everyone how much so, by letting people control their own complex financial affairs without some guy with a gun, or some guy win a notebook who has a guy with a gun in reserve, looking over your shoulder to make sure you’re doing what they want you to do.
And now that the people pulling the levers of the States and their cronies are seeing that crypto is being widely accepted, they are using the State to do what States were built to do: Crush the hopes and aspirations of regular people in order to protect the goals of the self-important elite.
(I should note right now that none of this is code for “Jews.” You’re aware that’s a picture of Martin Buber up in my profile right? Anti-semites and people who think Jews are the “real powers” in the world are out of their minds and tiresome to be around. Like, yeah, you may dislike the State, and that’s cool, but you only accidentally stumbled onto the right opinion on that one, because otherwise your Jew hatred is illogical, annoying, silly and completely misses the whole point about the problem of the State. Every time you spew your crazy vomitus about [insert scary 'dun-dun-dun' noise] "THE JOOS," you are helping Statists more than any totalitarian-communist could in a lifetime. Yuck, you’re awful).
People really bought a decentralized currency without understanding all this at the outset? They invested in the “anti-fiat” without having any idea why a currency that is the opposite of “fiat” is even needed or exists as an alternative to fiat in the first place?
How?
I’m really dumb and and even I knew this stuff.
These are not stocks. The panic sellers get that right?
And it’s only going to get worse before it gets better. And the “better” might not happen in our lifetimes.
The State, in all its iterations, is going to try to crush this. And the State won’t stop trying.
It can’t stop trying.
Crypto is antithetical to the State as a concept.
Governments will try to shut crypto down or co-opt it, until either they win, or there is no more State.
Your “hodling” for investment purposes won’t be enough.
Hold onto your crypto if you care about human dignity. Human freedom. Human equality. Love. Empathy.
Crypto can make the world safe for those ideas someday.
Until then, the State will continue to try to crush crypto and everyone and everything involved with it.
“HODLers” I’m talking to you.
Be strong for humanity’s sake.