Op-Ed

Governments Viewing Crypto as a Threat Will Be Left Behind

</header> <strong>In recent commentary at a New York blockchain conference, IRS Criminal Investigation Chief John Fort said the agency is now turning its focus to crypto ATMs and kiosks, as well as American users of foreign exchanges. While the continued push to regulate crypto is no surprise, the general narrative espoused by U.S. officials that …

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Global Trend Against Cash Intensifies as China Joins the Squeeze

</header> <strong>For various reasons, a growing number of nations are experiencing the rapid development of cashless society. Paper money may become extinct in some countries in the not-so-distant future. Prompted by the spread of private and decentralized cryptocurrencies and the threat of losing control over their monetary policies, more and more governments are now working …

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Ridiculous Crypto Regulations Are an Enemy of Bitcoin

<header class=”article__header”> </header> <strong>One of the biggest privacy issues in today’s society revolves around the use of overreaching know-your-customer (KYC) and anti-money laundering (AML) laws. Despite the fact that many cryptocurrencies were designed to avoid these invasive practices, KYC and AML guidelines bolstered by political parasites and their followers have perverted the original crypto-anarchist ideologies …

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Crypto Secularizes Wealth by Returning Power to the People

</header> <strong>Secularization is the process of converting something from a religious status to a nonreligious one. In its usage here, the word “religious” has no necessary connection to a deity. The word refers to the mystification of a thing in order to elevate it to the status of the divine where it becomes unquestionable.</strong> Also …

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Central Bank Blockchains and Corporate Ledgers Are Still Vaporware

</header> <strong>There’s been a resurgence of blockchain discussion this year, especially after China’s President Xi Jinping lauded blockchain and told Chinese citizens the country needs to accelerate distributed ledger technology development. Despite the lack of producing anything worthwhile, for some odd reason mainstream pundits believe government-endorsed blockchains will destroy legacy cryptocurrencies. </strong> Also Read: Billion …

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Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical

</header> <strong>Andrew Yang has taken to Twitter in dynamic fashion as of late, advertising his universal basic income (UBI) proposal known as the “Freedom Dividend.” While throwing money at people out of pocket always generates a buzz, there’s a mathematically and ethically broken side to the plan few are talking about. </strong> Also Read: Do …

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Argentina’s Example Shows That You Don’t Own Your Money

</header> <strong>Cash shortages, bank closures and ATMs running out of funds seems to be the new norm for many countries, and recently increased capital controls in Argentina are further testament to this unsettling trend. Sunday’s election of president Alberto Fernández has resulted in Argentine account holders being limited to USD purchases of $200 via bank …

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Why Central Banks Are Not Designed for Democracies

</header> <strong>Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks are almost never part of the due democratic process. …

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The Big Lie Perpetuated by Central Banks

<header class=”article__header”> </header> <strong>The central banking system controls monetary policy within a given jurisdiction, including the creation of money itself. The system is a lie and a denial of reality. The lie is political in motivation and content, and the denial of reality is rooted in culture and philosophy.</strong> Also read: Bitcoin Is a Weapon …

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