Conversation

Notices

1. Disinformation Purveyor :verified_think: (thatguyoverthere@shitposter.club)'s status on Sunday, 26-Mar-2023 20:03:37 JST Disinformation Purveyor :verified_think:

   in reply to

   • Troed Sångberg
   @troed this isn't nostr
   • Troed Sångberg (troed@ioc.exchange)'s status on Sunday, 26-Mar-2023 20:03:40 JST Troed Sångberg

     I see lots of cheers, and fears, regarding the US "crackdown" on #crypto.

     This is expected. #Gensler (#SEC chair) has been very vocal for a long time that most "crypto" are clearly #securities, and since they are, a lot of companies working with them are currently outside the law. "Don't wait for us to come knocking on your door" is one of the things he's said.

     _Most_ "crypto". The thing is, this doesn't apply to #Bitcoin, at all. While absolutely every single *coin launched by people trying to get rich riding on the back of the Bitcoin invention is a scam, that isn't true for Bitcoin itself.

     Even in the eyes of the law.

     I'm very much looking forward to the whole shitcoinery bullshit being burnt down. It's a huge distraction to the real global benefit being brought by innovation made on top of the Bitcoin network.