Cryptocurrency’s soft revolutionary appeal in establishing a free-enterprise form of currency as a competitive alternative to established government-regulated banking systems makes it a natural target for comparisons with the Tea Party’s limited government politics in episode 73 of the Wild West Crypto Show, titled ‘Freedom & Cryptos’.
Hosts Drew Taylor and Brent Bates present their own salt-of-the-earth Texas humor and commonsense criticism in each episode of their multi-platform broadcast, and, on this show, they use their perspectives to address China trade tariff impacts on the crypto space and a history-making crypto trading platform in New York City. Additionally, their interview with original Tea Party co-founder Michael Johns serves as an unusual turn toward patriotism and politics for the analysis and chat forum duo.
“What we’re doing in cryptocurrency, it’s an overlay… it’s about freedom, it’s about less government interference, it’s about the foundational things that this country was built on,” Taylor said.
Johns agreed while acknowledging that most crypto proponents don’t want financial trading platforms to be completely devoid of governmental safeguards so much as free of obstructive behavior by the big kids in the monetary playground.
Johns noted, “We talk about freedom in education, we talk about freedom in our economy, freedom from regulation, and then when it comes to this one area – the fiat currency system – that there’s plenty of… concerns about the contemporary wisdom in ‘Oh, no, we need to have a rigid adherence to this (banking system)’. Of course, no one is saying that cryptos are going to replace the fiat system. That’s going to be the future almost certainly for the country. The U.S. dollar remains one of the strongest and greatest investments in the world and one of the safest currencies available to investors, but why would you restrict the American people from interacting with other currencies that could afford them various investment opportunities? That clearly have shown the ability to bring to market various creative business ideas that otherwise may not have ever come to market, and really represent globally, not just in the United States, I think, the great future?”
Bates summed up the underlying challenge of sustaining free enterprise.
“The interesting thing is, everybody’s for free enterprise and competition until it’s their ox that runs the risk of being gored by free enterprise and competition,” he said. “Cryptocurrency is bringing banking to parts of the world where they don’t have any banking. They have a cell phone; they have the ability to transfer a cryptocurrency and start using it for trade and a store of value and so on and so forth. Well, all of a sudden it’s going to be real hard to stuff those people back into the banking bottle of mainstream banking.”
In the newsmaker segment from CryptoCurrencyWire, Communications Director Jonathan Keim noted the success of the recent Blockchain Futurist Conference in Toronto, as well as industry calls for cryptocurrency insurance and an innovation in platforms that allow different projects to launch on their blockchains.
In Bates’ schoolhouse segment, he addressed a favorite theme regarding the rise and fall of the markets, encouraging investors to remain calm amid the downturns and anticipating that things will look better again soon.
For the latest episode, which includes CryptoCurrencyWire’s ongoing segment featuring the latest news from around the world, visit http://nnw.fm/4q2qI
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