Subnostr

My real estate agent knows I dropped a few bitcoin down to leapfrog my way into the American Dream. She randomly asked me "So what do you think about the regulatory situation of crypto now?"

"What I think is coming is I what saw in 2014 through 2016, when regulators got caught flat-footed. The dumb ideas and scams seemed endless. But it was insulated to a very small population of weirdos. This time, a lot of people will get hurt. The scams and bad ideas will look very polished and legit. There will be like a new FTX rugging people every week. A lot of crooked people will run away with a lot of naive people's retirements."

"So that's clearly bad. You want more regulation?"

"No, more regulation would slow the integration of bitcoin into the economy."

She just kind of glitched.

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Discussion

Ľḭṿḙśƫṟãɖãṁṹṧ💫#RunCoreV30 10mo ago

I’ve heard for the past many years that regulation (clarity) would be good from Bitcoiners.

So there’s also that.

Rich Nost 10mo ago

That was mostly coming from the exchanges and fiat finfluencers, asking for the rules, so they could avoid getting fucked by the SEC.

Not my circus. Not my clowns.

ede3d957... 10mo ago

Early Bitcoiners never talked about regulation. No need to create regulatory clarity for superior money. It simply works or it doesn't.

Bitcoin either is beyond regulation/law or it is not worth anything.

It's why OGs love Monero. It doesn't give a fuck about nonsensical laws to protect some old fiat "rich" parasites.