03-17-2021, 10:26 PM
Governments banning crypto proves you need crypto.
<!-- SC_OFF --><div class="md"><p>Recently dubious governments in Nigeria and India have attempted to ban crypto. Yet, at the same time, they continue to disown their citizens by measures of inflation or demonetization. This takes extreme forms in India, where they will sometimes declare certain Bill notes as “obsolete”, a process called “demonetization”. Yes, that’s no joke. This proves that crypto needs to take monetary control away from the government into a decentralized transparent network.</p> <p>Read more about forms of demonetization here: <a href="https://en.m.wikipedia.org/wiki/2016_Indian_banknote_demonetisation">https://en.m.wikipedia.org/wiki/2016_Indian_banknote_demonetisation</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/valkener1"> /u/valkener1 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m73d4j/governments_banning_crypto_proves_you_need_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m73d4j/governments_banning_crypto_proves_you_need_crypto/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Recently dubious governments in Nigeria and India have attempted to ban crypto. Yet, at the same time, they continue to disown their citizens by measures of inflation or demonetization. This takes extreme forms in India, where they will sometimes declare certain Bill notes as “obsolete”, a process called “demonetization”. Yes, that’s no joke. This proves that crypto needs to take monetary control away from the government into a decentralized transparent network.</p> <p>Read more about forms of demonetization here: <a href="https://en.m.wikipedia.org/wiki/2016_Indian_banknote_demonetisation">https://en.m.wikipedia.org/wiki/2016_Indian_banknote_demonetisation</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/valkener1"> /u/valkener1 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m73d4j/governments_banning_crypto_proves_you_need_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m73d4j/governments_banning_crypto_proves_you_need_crypto/">[comments]</a></span>Kind Regards R