Two big cryptocurrency news stories hit recently. This week, Coinbase, a large cryptocurrency exchange, went public on the NASDAQ stock market. It direct listed its stocks and is trading now around 340 dollars a share. When you look into the 8K and other filed forms, you see Coinbase is actually a profitable company, unlike many of the IPOs during 2020. The other big news is that Visa is partnering with Anchorage, a cryptocurrency bank, to process transactions in US Dollar Coin (USDC). It’s big news because most people probably haven’t heard of stablecoins before, only being familiar with the often violent stock movements of Bitcoin.
When I wrote earlier about cryptocurrency, I had in mind that by the end of this year, we’ll have more normal people using crypto and it becoming less of a big deal to do so. For conservative groups, now through the 2022 election cycle is going to be a time where everyone and their brother gets labeled as a hate group. The SPLC deliberate mislabeling of groups that resulted in Visa and Mastercard canceling their accounts was just the first act in the long war. If you thought Facebook and Google filtering wasn’t bad enough, I’m already seeing Parler become “inaccessible” when searching through Google, but pops up just fine on the Brave Browser using Tor.
Cryptocurrency is going to be the way you go about your lives and stop being canceled. If gun stores have their credit card accounts turned off “for auditing purposes” or some other baloney excuse, what are you going to do? Withdraw lots of cash, which not only is declining in value thanks to our printing volumes of money, but is automatically tracked by your bank and can trigger yet another investigation? If you’ve ever taken a large amount of cash on a plane or withdrawn from a casino, you’ll know what forms I’m talking about. And while that level of scrutiny normally sits at $10,000, it can be lowered without much fuss by executive order.
Your free exchange of value for goods is being threatened by a group of left wing nut cases that would be happy for you to die, and that’s not an exaggeration. By attempting to drive conservatives out of the marketplace, they are trying to make the basic day to day transactions and economic engagement so hard that conservatives have little time for anything else. Putting conservatives on a defensive gives these nut cases a chance to push more of their agenda. Boycott all you want, but if you don’t have a credit card, routine living becomes very difficult, and most people will cave if they don’t have another option.
Now is the time to start practicing. Get a crypto account (I recommend Coinbase because its easy, use this link to start) and put some money in it. Practice transferring money from a wallet. Get your hardware wallet and set it up. All of these things will become swamped once the left wing nut cases start really tightening the screws on people. Instead of the Great Toilet Paper Shortage of 2020, you’ll have the Great Cryptocurrency Shortage of 2021. Above all, don’t let losers shut you out of an economy that you helped build and should be allowed to participate in.
This post represents the views of the author and not those of the Department of Defense, Department of the Navy, or any other government agency.