Cryptocurrency adoption worldwide has hit a snag.
Instead of moving towards the technology and embracing it, people, including devs, are selling.
This week saw crypto fall sharply before rebounding.
So much news concerning the SEC suing exchanges has been rather annoying and frustrating, to say the least.
It's no surprise to see this happening because the establishment hates this technology more than any other.
Cryptocurrency is in a pickle, and it only has those like XRP, Coinbase, and others who do KYC to blame.
If you like playing with fire, you WILL eventually end up getting burned...and here the fire is government, and it's money.
People who set up currencies like XRP can't see the wolf in sheep's clothing. They only believe if they play the game fair and well, the other team will play fair as well.
But ignorance is not bliss in reality.
I can use metaphors all day long when it comes to the relationship between crypto and government, but what good does it do when it may be too late to separate the two?
Do yourself a huge favor and end your relationship with fiat. Sell what you can, purchase crypto that has a future, and escape the clutches of the crypto crackdown.
People have argued with me that KYC is needed for this and for that, but there is no argument that will convince me giving personal information to anyone will end hacking, exchanges from collapsing, and government intervention and theft that they call fees and taxes.
You need to be insane to believe this nonsense.
If we can't navigate crypto, (i.e) saving our private keys, sending, receiving, buying, selling, etc. then the problem is with the individual, not crypto.
Responsibility is tough, but guess what, that's life.
Either we get it together, or the governments worldwide will find a way to regulate it, slander it, mismanage it, and eventually destroy it.
Don't believe me, then look no further than the infamous government debt ceiling idiocy.
They don't even know what to do with it, so they just raise it so as to kick the can down the road to worry about another day.
This is irresponsible behavior, and yet folks rely on them for guidance and celerity when it comes to "responsible" crypto regulation!
Don't kid yourselves...
At any rate, my rant for ending the relationship between crypto and government has ended, and I know pro KYC folks will have something irresponsible to say, but that is who they are, irresponsible people who trust a lying thieving irresponsible government.
If you want to see your hopes and dreams destroyed, just allow any government agency into your life...
Thanks for reading, and please get away from the KYC regulation insanity, and comment below your thoughts on the issues we face...
