What a idiotic essay, the same arguments could be made for the ban of most precious metal mining since majority of it goes to storage deposits.
Cryptocurrencies actually bring several benefits and better solutions for the problem of trust in a store-of-value or exchange contract. The world needs Bitcoin now more than ever, we are already living in a multilateral world where US and China exert pressure to force international contracts to be denominated in USD abs RMB.
That is an awful deal when both countries can print unlimited amounts and distribute to their preferences like happened during this pandemic, specially in the US.
Cryptocurrencies actually bring several benefits and better solutions for the problem of trust in a store-of-value or exchange contract. The world needs Bitcoin now more than ever, we are already living in a multilateral world where US and China exert pressure to force international contracts to be denominated in USD abs RMB.
That is an awful deal when both countries can print unlimited amounts and distribute to their preferences like happened during this pandemic, specially in the US.