I agree with your indictment of the crypto industry in general, but when the authorities are done with the scammers they are most certainly going to come for Bitcoin. Nothing will be permitted to stand in the way of the new CBDCs.
I agree with your indictment of the crypto industry in general, but when the authorities are done with the scammers they are most certainly going to come for Bitcoin. Nothing will be permitted to stand in the way of the new CBDCs.
I disagree that the SEC is going after “scammers”. SBF had many friends in Washington, including Gary Gensler. The SEC didn’t shut down FTX; FTX shut down when it ran out of money to fund its Ponzi scheme.
The SEC worked on behalf of Lubin and Buterin to shut down their main competitor, and the SEC gave ETH a free pass because they said it was “decentralized”.
Where is the evidence that the SEC is protecting ordinary American investors? Every scam, from Madoff to FTX, seems free to run its course, while the SEC pursues Martha Stewart and Kim Kardashian.
Like every other government agency, the SEC is completely captured by the industry it is supposed to regulate. Instead of protecting the public, they protect the entrenched interests from competition.
Good luck with that. Bitcoin requires zero central control point. You can't "come for" it. It will just bend like the willow, and the wind passes through.
That's funny. When they make Bitcoin illegal, how many people do you think will be willing to risk jail to keep using it? Demand will plummet, and the value will go to zero.
I agree with your indictment of the crypto industry in general, but when the authorities are done with the scammers they are most certainly going to come for Bitcoin. Nothing will be permitted to stand in the way of the new CBDCs.
https://open.substack.com/pub/gomakeitreal/p/cryptocurrency-is-a-fairytale
I disagree that the SEC is going after “scammers”. SBF had many friends in Washington, including Gary Gensler. The SEC didn’t shut down FTX; FTX shut down when it ran out of money to fund its Ponzi scheme.
The SEC worked on behalf of Lubin and Buterin to shut down their main competitor, and the SEC gave ETH a free pass because they said it was “decentralized”.
Where is the evidence that the SEC is protecting ordinary American investors? Every scam, from Madoff to FTX, seems free to run its course, while the SEC pursues Martha Stewart and Kim Kardashian.
Like every other government agency, the SEC is completely captured by the industry it is supposed to regulate. Instead of protecting the public, they protect the entrenched interests from competition.
Good luck with that. Bitcoin requires zero central control point. You can't "come for" it. It will just bend like the willow, and the wind passes through.
That's funny. When they make Bitcoin illegal, how many people do you think will be willing to risk jail to keep using it? Demand will plummet, and the value will go to zero.
The people who step into boxcars at riflepoint will run away. The people who don't, won't.