The potential threat to the state (and by extension the corpostate that serves it and is protected by it) control over the means of value exchange, currency, that cryptoocurrency offers might be seen in the recent fear tactics being deployed by an American Senator, DNC-CCP Senator Sherrod Brown, who recently declared that cryptocurrencies are an existential threat to Americans’ economic security.
Speaking on the state of crytpocurrencies, Brown said the currencies weren’t real dollars, which is true, they’re not fiat-based (or debt-based, really, but we’ll leave that discussion for another time), and that these currencies put our real dollars at risk (as if the Bidenflation, that’s Biden’s inflation to the uninitiated, doesn’t do that and more).
He called the exchanges “a shady, diffuse network of online funny money.” He informed Americans, who he seems to view as being incapable of making decisions on their own despite being part of an alleged republican model of government that assumes such powers among the rank and file from the state, that “if we want a solution to Americans’ legitimate fears about our banking system, shady start-ups are not the answer.”
As an addendum, I should add that the RNC record on cryptocurrencies is not much better (if it is at all) than the DNC, and this point also adds to the assumption made by many (including this writer’s) that the RNC is token opposition to the DNC. So long as we Americans rely on these two parties for relief from state and corporate tyranny, we will lose, again, and again, and again, to the few elites who control the means of social and cultural production.
