Dear Senator Brad Sherman,
If You Fix The Money, You Fix The World!
Bitcoin was invented because the US dollar and all other fiat currencies are broken. Not because criminals want to evade taxes and commit crimes. This would be very difficult to do considering everything is tracked on the Bitcoin distributed ledger that anyone can view.
Brad Sherman at 67 years old looks more like he is 87. It’s time to have age limits in congress. If you look at pictures of Brad just a few years ago he looks a lot younger. It seems dementia is setting in because he is too old to understand new technologies such as Bitcoin. Brad continues to tell lies about BTC, saying that it is mainly used by criminals. Anyone who says this proves that they do not understand Bitcoin.
The only real reason I can think of that Brad Sherman would not like Bitcoin is because he himself has things to hide; like the credit card companies in his back pocket. Bitcoin would make it so that politicians like Senator Sherman would have to be accountable to the people he is supposed to be serving; everyone would know where the money is coming from and being spent. Unlike now where we have Congress printing the US dollar into oblivion, this is taxation without representation. Congress has nearly doubled the supply of money in the past couple of years and Sherman complains about Bitcoin undermining the dominance of the US dollar. This is laughable, Mr. Sherman you need to look in the mirror to see who is undermining the dominance of the US dollar. Minimum wage jobs are trending towards $20 because of your actions.
It’s time that we have separation of government and the creation of money. Governments have proven over and over again that they will devalue whatever money they control, until it is worthless, and then create and new system and do it over again.
Crypto currencies enable persecuted people to escape authoritarian countries. They help limit the powers of government corruption. Crypto currencies can have fixed inflation at a set schedule so that the governments cannot mess with the value of the money. Since the beginning of government rule they have been stealing from the public by devaluing the currency. This always leads to bigger and bigger bubbles caused by the actions of the government. There would be no such thing as runway inflation if governments had to spend only what they bring in from taxes. The world would be a much better place because wars could not be started without public support.
It’s odd to me because on one hand Senator Sherman seems to get the issues with the US dollar, “People are trapped between hyperinflation, currency devaluation, and capital controls on the one hand, and U.S. sanctions on the other,” he said. “So they turned to bitcoin because it’s been remarkably potent against both sorts of evils.” Yet he hates it and views it as a threat to national security. One day I hope he wakes up and figures out that by the US investing in Bitcoin it would be a plus to national security.
