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[–] Cantilever [S] 2 points -1 points (+1|-2) ago 

Correct

However many people assume that the Fed can be defeated by sidestepping it with crypto

People have tried doing the same many times in the past using real money. They were prosecuted for fraud

Crypto is currently classified as an asset. If it comes to pass that it's used as currency, the Fed and the IRS will step in and shut it down under the auspices of fraud, just like they've done with people who've tried using silver and gold as currency

The only way to defeat the fed is to raise political awareness by putting in the hard grassroots work to raise awareness and make central banking politically toxic not to fight against