this post was submitted on 13 Dec 2024
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If you needed more proof that crypto is a giant fraud scheme: Republicans love it.
There is whole bodies of data for progressive uses of crypto. Donating to NGOs is the very first one that comes to mind, but there are definitely others.
Edit: https://www.amazon.com/Progressives-Case-Bitcoin-Equitable-Peaceful/dp/B0C1J3DC2X
Crypto is Non-partisan, just like shoes or a hammer. Anybody can use them for whatever they want.
Nonpartisan doesn't mean it's not a scam.
Anybody can use them for anything*, but isn't it so convenient how easy it is to launder money with crypto? And isn't it convenient how they're happy to spend taxpayer money to set up this fund?
We're not talking about systems like VPNs, where you could argue they hide criminals in addition to human rights activists. That levels the playing field and protects people's right to privacy.
What rights is crypto protecting? We're talking about a vehicle where entire governments can pump up the value and reap the inflated price. We're talking about foreign billionaires who can covertly and easily "invest" in their favorite candidates without taking the roundabout way of using dark-money PACs.
Crypto is just another empty, ultra-capitalist "American Dream" promise shrouded in tech.
When was the last time YOU have "laundered money with crypto"?
Why don't you do it and tell us how it goes?
You have to do serious KYC everywhere before you can even think of withdrawing cash (any serious amount). I know, i had to do few of these in past 18 months just to retain access to few largest exchanges. Bitcoin is not anonymous. On the contrary.
And if you think loundering is converting from BTC to XMR and buying drugs with it, well let's just say that crypto has a very, very long way to go before it comes even remotely close to Dollar.
Nice try, fed! (/j)