A few weeks ago Linda asked me, “Why doesn’t our government just ban Bitcoin?” She pointed out that it uses an incredible amount of energy at a time when the world is starting to focus on global climate change. Not only that, but it is often used as payment for ransomware attacks because it is so hard to trace.
This week China issued a nationwide ban on cryptocurrency mining. The central bank announced that services offering trading, order matching, token issuance and derivatives for virtual currencies would be prohibited.
So why can’t the U.S. do the same? Because our government may not even be able to raise the debt ceiling. One party is completely irresponsible, interested only in protecting the rich and “owning the libs.” The other party is a collection of factions, some of which are more interested in scoring points than being responsible. I’m looking at you, Joe Manchin.
We weren’t always like this. Look at the New Deal or the Civil Rights legislation of the Sixties. At one time our government worked. Now it can’t even pass legislation guaranteeing the right to vote.
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