The Anti-Crypto Talk; Don't let the "used to fund terrorism BS" get to you.

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In my voluntary attempt to get into conversation with folks in recent weeks, I've gotten to read and listen to "financial experts" who push the anti-crypto agenda. They say what they say against Crypto and it's hard to know if they believe the case they make against the tech. However, one fairly obvious thing is that most of the points they make against Crypto aren't exactly a case against Crypto.

Think about this for a moment;

When you go to the internet, you see folks who post shit every time and you can read whatever they write and think "The internet is a wild place". You also see folks who go on a witch-hunt with the comments they make about certain things and that comment would make you ask "What on earth is wrong with this folk"?

Do we see all that and say that the internet is bad and should be banned, shut down, or crashed to the ground? I don't hear any sane person saying that. So, why are they going bonkers about Cryptocurrency?

Thanks for asking!

From the conversation I got into in an X space over the weekend, folks were saying that Cryptocurrency is used to sponsor terrorism all over the world and that it is also used for Money laundering.

From experience, whenever the government starts to make you believe that something is bad because it's used to sponsor terrorism and Money Laundering, you just have to know that there is no coming back from that. They are already pushing the agenda and they are using the media to paint Crypto as a tool that gives power to terrorism and Money Laundering.

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That's just a good distraction to make you feel like Crypto tech is bad. However, just like the example I gave about internet users who use the internet to promote chaos, misinformation, and other negative things you can think of. Let's not forget that there are bad players even in Cryptocurrency.

The bad players we have in this space are part of the problem. They are the ones that set up half-baked projects, launch a coin, get VC sponsorship on the project, and draw more people into the project. You know what happens when they go through the process... They crash the project to the ground, make the coin worthless, and move on to another new redesigned project. They have no chills when they do this and it can't be helped.

We know what people are capable of doing and I've seen too many of that in the banking sector. That's probably why I'm not surprised that we also have bad players in the Crypto space. However, do we want to listen to people who push for the ban of Crypto because it's used to launder money, sponsor terrorism, and also used to evade tax?

Think about that for a minute...

Cryptocurrency is there to be used for good and the tech built around Crypto is there to save people like myself and give us leverage over the corruption and tyrannical governance that's crippling our economy and our currency.


Of course, there is a "Buyer Beware" approach that all investors need to have in mind when playing with Cryptocurrency. Well, that's also the case in all transactional interactions and I will squeeze out time to make a post about that before the year comes to an end.

I hope this post helps you realize that Crypto means so much to many people and a lot of utilities can be enjoyed by getting involved with it. Don't let the "used to fund terrorism BS" get to you.

Thanks For Not Missing Any Full-stop or Comma.
I designed the thumbnail Image using a template on Canva.

Posted Using InLeo Alpha



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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 187 of my contest just started...you can now check the winners of the previous week!
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It's kind of like listening to a person who is anti-gun trying to talk about a subject that they have no clue what they are discussing. I think that this would be the first indication that I am dealing with the financial expert who has absolutely zero information about the subject he is trying to speak on...

Either way I think that you have an excellent post and I would love to invite you to the free compliments community!

#freecompliments

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Yeah. I have that same feeling and I wasn't even aware I knew so much about Blockchain and Web3 until I heard folks give misinformation about Web3 on X (Twitter).

Seriously, I think Hive needs to start promoting Hive outside Hive. Places like X would be a good idea. Lots of people are getting fed the wrong narratives about Web3, Blockchain, and co.

About the #FreeCompliments community, thanks so much for the invite. I will check out the community. Feel free to let me know if there is a specific side of it that I need to check into right now.

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Oh I can't wait to see even more and larger investments into our Hive meetups! I was a part of those a long time ago! Even pupper doggo is a big fan!
Let's make it happen!

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Your content has been manually curated by sagarkothari88
Upvote recommended by @sirenahippie as part of Encouragement Program
Keep Up the good work on Hive ♦️

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Thanks so much

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What an amazing write-up friend, this is really informative.

Cryptocurrency is there to be used for good and the tech built around Crypto is there to save people like myself and give us leverage over the corruption and tyrannical governance that's crippling our economy and our currency.

Our involvement in crypto is good and encouraging, but it is pathetic that the government leaves most businesses in the hands of individuals/masses, and when such business is booming, the government surfaces clamoring about the need for regulations and control but with the sole aim of robbing the masses the profit those investments.

Thanks for sharing this friend

#dreemerforlife

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That's true. Most businesses that perform well in several countries are run by individuals. Government push them back with regulations and this makes it hard for such businesses to scale

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The truth is people tend to criticize what they don't fully understand, one of the things I have realised is that most people that push for crypto currency ban are also making use of it or just trying to push their fears on the rest of us

Crypto has created a lot of opportunities for a lot of individuals, in a country like Nigeria where the government are proud of the poverty rate in the country, do you think they will willingly support something capable of elevating people.

Pop in from #dreemport
#Dreemerforlife

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That's true. The people who are trying to get it banned are mostly people who benefit from the current Centralized system that's offered by Monetary economics.

Crypto is doing so much and the utility it offers is significantly visible. Those of us in this part of the world know what we benefit from using Crypto for transactions and stores of value. It saves us from the recurring inflationary pressure which is melting down our local currency.

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One of the reasons why I love crypto compared to the national currency, it is the liquidity and it's swiftness in transactions

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(Edited)

You are right, bad people are everyone, it doesn't mean everything in this world is bad. I think it's best one should be part of the solution and not the problem.

Popped in from Dreemport

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Yeah. People who see the good that Crypto offers are already using it for good. The bad players will always do what they do best.

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@kenechukwu97, the HiQ Smart Bot has recognized your request (1/4) and will start the voting trail.

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