This headline this morning really triggered me.
‘Show me how … so I don’t go to prison’: Real estate guru Grant Cardone weighs in on new method to invest in real estate. Plus two simple ways to build your real estate portfolio
Before I even read the article I knew it was going to be about blockchain. The title said it all.
https://finance.yahoo.com/news/show-don-t-prison-real-130000125.html
So I'm going to go off on a little rant here. The US government is intentionally trying to destroy the crypto industry in our country (US). If they weren't they would be guiding new businesses on how to adapt to this new financial future. Instead, they lump crypto in with old outdated laws and harass companies that embrace this technology with fines, lawsuits, and settlements that amount to nothing more than extortion.
If you're a US company considering incorporating blockchain tech into your business model, there's huge reason for concern. Not to mention the countless opportunities that are being lost.
One of the things I love about crypto is the fact that you can invest as much or as little as you'd like. The above article is about tokenizing real estate projects. What an awesome way to find investors and what a great opportunity for people to invest. The very fact, the guy is concerned about "Not wanting to go to jail" is a perfect example of how much damage the US Government is doing to the industry within its own country. Shameful really, in a time when people are already unsure about their money and looking for safe places to invest and protect it. Not to mention the taxes that are being lost. (Taxation is theft and there should and could be a better way, another post though)
Have We Lost Our Way, Or Did We Just Evolve?
The other day I posted a LeoThread about being afraid to invest in projects hosted by US companies. I wonder how many other people feel the same way. I can't help but wonder how many investors feel the same way. I'm from the US and love supporting projects and companies from my own country. If I'm afraid to invest in these projects, I'm sure people from other parts of the world avoid these projects like the plague.
https://leofinance.io/threads/@the-bitcoin-dood/re-leothreads-7vxdxh
On top of that, someone replied, "We've really lost sight of the end goal that is permissionless money."
I think that happened when bitcoin went from a peer-to-peer online payment system, to a Store of Value for rich people to speculate on. Lightning Network, is not what Satoshi envisioned! I partially agree with this statement, but the entire industry has changed over the last 10 years.
Bitcoin politics aside, the industry evolved. Just like the internet did. As the industry evolved we discovered new use cases. It's so much more than permissionless money now. It's a simpler, safer, fairer way to invest, and store wealth. Anyone who's paying attention knows that cryptocurrency is going to change the face of finance. And herein lies the problem. The powers that be don't want to give up control of the current financial system.
The stock market can be tokenized.
Be your own bank (God forbid we put an end to the fractional reserve scam with real hard money)
Settlements are almost instantaneous.
Fees are low (for most coins)
Privacy... (Oh that's right, privacy is a dirty word in the new millennia)
It's a fairer way and not an inflationary asset like fiat. Or at least they can't print it out of existence.
It's a simpler way for smaller investors, being able to buy a fraction of a representation of a share.
I could go on and on. THE OLD WAY IS OUTDATED AND UNFAIR AND WILL SOON BECOME A THING OF THE PAST. The writing is on the wall. Crypto will do to money and finance, what the internet did to brick-and-mortar stores, newspapers, retail, music, and entertainment.
Sure we'll still have some form of banking and finance, but it's going to change everything dramatically.
The US Will Be Left Behind
The problem here is greed. Those in power don't want to lose that power so they're protecting the legacy system. But at what cost?
We already see other countries slowly starting to side-step the US dollar.
China completes first yuan-settled LNG trade
https://www.nasdaq.com/articles/china-completes-first-yuan-settled-lng-trade
De-dollarization is coming with the growth of BRICS
https://english.almayadeen.net/news/economics/china-brazil-announce-de-dollarization-of-mutual-trade
Not to mention most countries, especially smaller ones like El Salvador are sick and tired of the US sticking its nose in their affairs. They're embracing blockchain technology. They see the future, a future without monetary interference from foreign governments.
My Point
There is so much happening, so quickly. The point of all this is that the US is going about this all wrong. They should be embracing this technology. They should be figuring out ways to establish themselves as a player in the industry. They should be guiding and encouraging their companies to embrace this tech. Instead, they're doing everything in their power to fight against it. This will cost us jobs, tax revenue, and missed opportunities as companies interested in this tech will just leave the US altogether.
Not to mention, how much will all these frivolous SEC lawsuits cost the taxpayer? How many jobs will these senseless indictments cost? How many businesses will be lost? How many businesses will move to other countries with fairer laws? (and make no mistake about it, they are not playing fair) There are so many reasons to embrace this tech.
The writing is on the wall here. Nothing is going to stop crypto. Government entities need to start embracing this new tech. The ones that don't will be left behind. The US is falling apart, we've always been a nation of innovation. That's no longer the case. The government stands in the way of innovation and it's going to be disastrous to the American people in my humble opinion.
The truly sad part about all this is that this doesn't just go for crypto. Any entrepreneur will tell you, the amount of red tape and government bureaucracy you have to go thru to start a new business is an absolute nightmare. It was never supposed to be like this. Government interference in the business sector is completely out of control in this country and needs to stop!
Posted Using LeoFinance Beta
