this post was submitted on 08 Dec 2024
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ok.. explain to me why trump and elmo are making such a hard push to switch from dollars to bitcoin?
the federal reserve does whatever tf it wants. have you ever heard of anyone telling them what to do, and them doing it?
unacceptable for trump
People like this have even less sway in a currency like Monero than they do over the Federal Reserve, primarily because a community like Monero doesn't trust people like that. It's a complete direct democracy, where you can make your voice heard on absolutely any issue under discussion, bring up a new issue to discuss, etc. Change does not occur unless there is an extreme majority consensus. And if a change is not liked, it either will not happen or a fork will be created.
I got the impression that they like crypto as an industry, not as a tool. I doubt they would guarantee safety for, as an example, KYC-less Monero exchangers.
Oh no, they absolutely won't do that because Monero actually works as digital money that they can't control. So there will be no protections for it. In fact, I read a paper essay thing from somebody in the European Commission that was actually talking about attacking it by the government in order to purposely suppress it.
Yes, exactly!