Bringing Billions to Blockchain via Quantum Poodles\u2122Land of the Free?In America, you can buy a home you can\u2019t afford w\/ 20x leverage, rack up credit card debt at 20% interest in a zero-interest environment, and borrow $200k non-dischargeable loans for liberal arts degrees.Meanwhile, you can\u2019t buy a bitcoin ETF or invest in startups without a net worth of $1 M which is hard when you have a mortgage, credit card debt, and student loans. You also get stuck in various altcoins because exchanges won\u2019t honor trades to U.S. citizens or get denied making money because most of the altcoins that do well are not offered to U.S. citizens. This is all done for the safety and security of Americans.Fiat the Dinosaur vs. StablecoinsAs of November of this year, the central bank balance sheet stands at close to $8 trillion due to the explosion of debt. Meanwhile, negative yielding global debt is at all-time highs (ATH) at close to $18 trillion. This is having a material impact on fiat, which is or could hyperinflate as it gets printed to death. Meanwhile, no one is allowed to move any sizeable amount of fiat cross border. Proposed legislation will prevent any amount over $3000 from moving within blockchain networks without KYC\/AML. Such regulation could corrupt a brilliant technology. It is akin to passing a law saying anything you want to spend more than $3000 in cash on anything, you have to AML\/KYC. This is all in the name of protecting people against terrorism and money laundering, terms which governments have weaponized to pass rights crippling laws. Meanwhile, criminals who want to get around such regulations can easily do so. So the people are once again made to pay the price.Stablecoin Tether (USDT) might only be partially backed by dollars, but it\u2019s the oil\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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