#governmentenabledfraud — Public Fediverse posts

@darnell @carnage4life Darnell,

I think, respectfully, that you may be conflating a worry if the potential future (taxation of unrealized gains, which is the plan anyway) with taking in and taking out crypto funds with fiat currency via centralized exchanges.

people who accept (certain types) of crypto for goods and services that they offer and purchase goods and services from others without ever leaving the realm of cryptocurrency really don't concern themselves with such shenanigans.

But for those who use non-custodial wallets, and those who "trade" through these centralized exchanges (that work on fractional reserves too)...

Woe be unto them.

That fractional reserve crap, like the FDIC insured banks themselves practice, was blown sky high and exposed for the legalized ponzi fraud that it is when we affliicted them with our Monerun.

Bing that at GigabBlast.com and you'll see how deep the CEXes are in over their heads.

I think part of them design here, is that the government is doing what my daddy used to tell me:

"Son, I'mma trust you, but I'm only going give you enough rope to hang yourself, if you abuse your freedom I'll shorten that leash and take away your car keys".

#tallship #crypto #CEX #fractional reserves #fraud #government enabled fraud

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