Friday, July 5, 2019

An Argument Against The Ban of Bitcoin: Bitcoin Represents a Threat to The Permanent State, Not America


If The U.S. Bans Bitcoin It Will: 

1) Be A Threat To National Security 

2) Tie Our Demise To The U.S. Dollar

  One of my favorite movies is Scarface. And, this is one of my favorite quotes:

“In this country, you gotta make the money first. Then when you get the money, you get the power. Then when you get the power, then you get the women.”
-Antonio "Tony" Montana; fictional character and the main protagonist of the 1983 film Scarface

The goal of money is a little different. Money's ultimate goal is to be a 'unit of account'. That is, it doesn't become a true gangsta until it hits 'unit of account' status. And, in this world, first you get the store of value, then you get the medium of exchange, then you get the unit of account.

Bitcoin is at the unit of account stage all over the world. It has arrived and there's nothing anyone can do about it. 

To read the full article click here.