I knew that, and it sort of proves it’s usefulness and utility. It’s clearly a disruptive technology, and for the first time in hundreds of years this technology has the ability to disrupt one of the most basic institutions, the federal reserve system and the banking industry which leverages business by being close to treasury. That system was built on a foundation of public trust that is currently being eroded. It’s eroded each time political entities try to use the monetary system to expand government power or control. This proposal mentioned in the OP along with other like the $600 reporting proposal may never become law. On the surface they appear to be very Chinese (aka authoritarian) in nature. In my opinion, even making such proposals have the effect of eroding the usefulness and credibility of our Federal Reserve and all of the down wind participants.
The federal reserve is at it’s core the most coveted prize of those who aspire to change America to a socialist state. On one hand Crypto currencies have the ability to weaken or even destroy the federal reserve, but on the other hand if they do, at least the communists won’t control it either.
We are still very early in this next chapter in history.
