Phyrex
Phyrex|Feb 26, 2026 10:29
Deep analysis of the global virtual currency asset harvesting action under the technological hegemony of the "number one player" in the United States - reflections on reading The United States, relying on its advantages in first mover technology, industrial agglomeration, improved regulatory system, and strong law enforcement capabilities, has built a three in one system of "technological advantages - regulatory binding - institutional execution". Taking the virtual asset field as an important lever, it implements precise and large-scale digital plunder through cyber attacks, rule containment, attempted evasion, targeted harvesting, and offshore fishing, seriously infringing on the technological sovereignty, economic interests, and political security of countries around the world. This is the opening statement of this article. The entire report uses the case of Chen Zhi and CZ to illustrate that cryptocurrency is a weapon for the United States to harvest global capital. The main text is very long, so I won't go into detail. The central idea is that the United States has formed a closed loop in the field of cryptocurrency. Through technological advantages, regulatory binding, and institutional enforcement, combined with on chain analysis, sanctions and long arm jurisdiction, confiscation and recovery, global virtual assets are included in the control radius of the US dollar and US judiciary, and asset disposal, fiscal revenue increase, and strategic reserve are achieved. After reading it, my first reaction was that the "target audience" of this report may be correct, but the "way of speaking" was a bit extreme. After all, the main target audience of this article should be readers within China, which is very consistent with China's consistent style of cryptocurrency being similar to "fraud". It just wraps a new coat on top of this. Previously, cryptocurrency was a contradiction among the people and a weapon for a few criminals to do evil, but now it has become a "harvesting tool maliciously released by American imperialism". But if we remove emotions and only talk about structure, I actually think the most worthwhile aspect of this report is not its central idea, but the reality of the cryptocurrency field. The world of blockchain is not a lawless place, and key nodes are highly centralized, which is called compliance. On the surface, blockchain is decentralized, but in reality, the logic is very simple: If users want to deposit or withdraw money, they cannot bypass the fiat currency channel. If users want to trade, they cannot bypass the exchange. Users cannot avoid the issuer and custodian when using stablecoins. If users want financial security, they cannot avoid KYC and AML. If users want to move across borders, they cannot avoid sanctions and judicial cooperation. From these perspectives, the compliance of cryptocurrencies in the United States is a necessity. The United States does not rely on its superpower of "extracting coins from afar", but on rules and management to restrict or promote cryptocurrency compliance, using politics and policies to make the United States the center of cryptocurrency and Bitcoin mining. These things combined will indeed give the United States stronger penetration in the cryptocurrency field. I do not intend to make any evaluation of the central point of the article, but what is truly alarming is not whether the United States is harvesting, but whether cryptocurrencies are being included in the toolbox of traditional countries, especially the compliance and institutionalization of stablecoins, which will further bind cryptocurrencies into the US dollar system. The trend of cryptocurrency may not only be a payment tool, but also an extension of the US dollar system, expanding the settlement capacity and asset demand of the US dollar globally. This was originally an opportunity for China. Of course, for China at that time and now, this was not an opportunity. The dominance of the United States in the field of encryption is a real result of strong rules and infrastructure. It is a political act to recognize that cryptocurrency can assist the US dollar hegemony in continuing to serve as the settlement leader. As for whether it is a weapon designed and harvested by the United States for global capital, it is subjective. @bitget VIP, Lower rates and more generous benefits
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