it's funny that the US who prides itself with innovation uses such archaic laws when it comes to digital assets. In Eastern Europe governments are kind of ignoring the whole crypto stuff which is more than fine with me :P
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The US is not as innovative as it likes to claim. The NGDP is falling below 4% and likely heading to 2% before it bottoms. This means innovation is not providing a boost to the economy. This makes sense since most of the jobs we produce are parasitic and provide little value. We excel at developing more messenger applications and reward that with a $3 billion market cap yet have done little to produce something that actually adds to society.
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