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this post was submitted on 02 Jul 2023
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You Should Know
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One problem with cryptocurrency is that instead of being coupled with mainstream banks (where workers get their pay deposited) it is instead coupled with speculative assets employed by criminals. As such, choosing to work on accepting cryptocurrency instead of working on accepting real-money donations ties the service to a crime economy instead of a mainstream economy.
Good thing criminals never use cash, otherwise you could call the world economy criminal.
HSBC helping to launder money at the teller window with custom boxes must have been a fever dream.
To add. USD hasn't been backed by a real asset in nearly a century. It was once backed by gold but now the only thing backing it is full faith in the USA. At the moment that means something, it might not always.
You need to educate yourself on this stuff because you sound like a moron.
The difference is that the entire world economy would need to collapse for the US dollar to be worthless. Crypto can become worthless because some 22-year-old video game addict steals everyone's deposit.
So you are saying that HSBC getting caught helping launder cartel money at the teller is fake news?
USD Is still the preferred currency of criminals across the world and even more so they use assets like paintings to facilitate non traceable payment and smuggle extremely large dollar amounts. They also use art work to launder money.
I'd suggest you pull your head out of your ass and get on the crypto train because it's leaving you behind. Look at btc, ltc, dash and others.