If an American wants to protect their democracy, buy bonds.

A $50 Series I United States Savings Bond certificate, which features Helen Keller (click here).

The access to USA bonds of any kind available to the consumer is now called, "Treasury Direct (click here)."

A consumer of such financial instruments can set up a secure account with a log in no different than most others. I wish they were advertised more. Last I looked their interest rate beats any bank.

In TreasuryDirect, (click here) you can buy and maintain savings bonds, Treasury bills, Treasury notes, Treasury bonds, Treasury Inflation-Protected Securities (TIPS), and Floating Rate Notes in accounts with the U.S. Treasury.

Account numbers start with a letter and are in this format:*
A-123-456-789

Crytocurrency is unsecured.

Everyone knows that cryptocurrency is unsecured. It is like walking into a Vegas casino and laying down a bet, only this bet is more or less a Wall Street bet so it has better odds. Yes?

The fact is that cryptocurrency is worse than a Vegas casino.

Cryptocurrency is administered by blockchain. Not a bad investment, one that can be admired as cutting edge to the future of currency. Yes? 

The blockchain that administers crypto has no main office like the Bank of England. It has no Federal Reserve or central bank to be involved. As a matter of fact, the blockchain can be located anywhere in the world. The blockchain can be located where there are no laws to prevent theft. The theft isn't even by cybercriminals, it is by the blockchain itself. The blockchain is sort of like a ponzi scheme whereby a bad day in the brokerage of the currency means that some deposits can disappear from existence with the swipe of the owner and/or operator of the blockchain. There isn't a thing that can be done to enforce the Rule of Law or recover currency that simply disappeared.

Where this gets really interesting is when a sovereign country such as Russia decides to rid itself of American loans and assets and discards it's sovereign currency for cryptocurrency. The sovereign country can give protections to blockchains that administer the cryptocurrency. Then where does an American who lost $15,000 in savings go to recover it? The State Department or the military, because when sovereign countries provide protection to cryptocurrency the only way of any recovery of the amounts stolen, excuse me, disappeared is to declare war.

Imagine that.

A cryptocurrency guarded by nuclear arsenals.

And what does the USA government do to protect Americans from the grand cybercriminals behind insecure blockchains? Not a darn thing. It, after all, is the wave of the future, and "the market" will take care of everything.

Remember the evening where the genius Elon Musk was on Saturday Night Live? He made a statement that Dogecoin was a scam or some kind of similar wording? The currency's value and/or volume dropped by 50 percent or some ridiculous number. Why would that happen because Musk uttered a few words? Because the people that dumped the crypto didn't have confidence in it in the first place and knew Musk wasn't lying about the quality of the very questionable investment.

But, supposedly there is hope on the horizon. The crypto rage has produced a method to link bank accounts to cryptocurrency. The name of the newest scheme is called "Liberty X." In linking directly to bank accounts supposedly there is more security, but, the only real security is that a person isn't carrying around tens of thousands in cash in order to deposit it in an atm down at the corner gas station.

These are all schemes of one type or another and the basis of the cryptocurrency is completely anarchic with no reassurances for the consumer. If anyone cares to understand blockchain and similar technologies sign up at MIT and learn from the best.

With registration (click here) in any of the technology courses below, you can benefit from 6 weeks of unlimited access to MIT Horizon’s short, easy-to-understand content that helps build knowledge of emerging technology.

Institutions such as MIT aren't really trying to add to the legitimacy of cryptocurrency or cybercrime, but, to provide knowledge so people can come to manage the anarchy. But, when an institution such as MIT provides these services the dignity of the institution is selling out to knowledge wasted on controlling anarchy. Hardly the type of information that should be shared.

The problem here is that the United States government never bothered to regulate or control the technology and the result is MIT attempting to educate current business society to the pitfalls of being a part of such idiocy. 

Cryptocurrency has no place in a democracy and certainly is a threat to any country's national security.

DON'T DO IT. For the tiny amount of interest banks like Chase offer to American consumers, cryptocurrency is not the answer and can result in the loss of valuable savings better spent on a child's education.