Some choice quotes from the Central Bank of Canada, as reported on Coindesk:
“Representatives from the Bank of Canada claim the institution remains unconcerned by the advent of bitcoin and digital currencies.”
“[bank's governor] said that bitcoin is simply not in a position to threaten the official money supply and that it may never be.”
“…if digital currencies catch on in a big way, they could have an effect on the bank’s ability to regulate the money supply”
Oh, they clearly understand what’s at stake here. Their ability to control the money supply. To print money for projects as needed.
They tax us with sales taxes and tax us with income taxes, okay, but then they print money like crazy, devaluing what we have left.
When you convert your accumulated wealth from dollars to cryptocurrency, you become immune to that indirect taxation.
You also truly own that money, it isn’t a promissory note to pay you back that money if you ask for it, which fails in emergencies.
This is what Bitcoin is all about. Taking back control of the money supply from these institutions that currently have all of it.
Cryptocurrency, Bitcoin, is a new tool that did not exist before. We can use it to increase our liberty.