Yaomao
01-18

$Coinbase Global, Inc.(COIN)$ Maybe I'm off base here but seeing Coinbase at Davos next to the World Economic Forum strikes me as odd. The WEF is NO freind of cyrpto currencies like Bitcoin. Not when you consider their goals for a world digital currency. Bitcoin like physical cash is difficult to trace which gives people autonomy from the Government. Few people want the Government actively monitoring everything you purchase or deciding what you can and can't spend your money on. But the WEF wants a digital currency issued by central banks that would effectively eliminate autonomy. They want to be able to track and trace where money goes so they can totally control the money supply and control people by extension. The model the WEF favors is a lot like EBT cards, An EBT card is basically digital food stamps and it's not the same as money, you can only use it to buy food and only certain kinds of food. Now imagine a currency with the same kind of restrictions where you can only spend this new currency on what your government allows. The WEF want's to get rid of cash completely and just have a digital currency for everything. So it stands to reason they would want to also eventually phase out crypto too because like cash you can use it without the government deciding where you can spend it and on what. I think the WEF is bad news for Bitcoin and Coinbase shouldn't be getting in bed with them because eventually they will ban crypto when they bring in their centrally controlled digital currency.

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