The amount of Stockholm syndrome displayed on the timeline today on Crypto twitter was truly a sight to behold.

The writing has BEEN on the wall. These people are clueless.

https://void.cat/d/ATgMUvEx4HGL1pEffbpiFG.webp

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Should have had ETH in that list though. Would have been funny to see the ETHheads melt down.

Ya this is incredible, it’s crazy how the ā€œtop dawgā€ shitcoiners lack such basic logic or information on the sector they are partaking in

Why is everything green today? I know why BTC is, but I actually decided to scroll down past market cap #1 and was shocked to see that…

Because shitcoins are global and today isn’t disruptive enough to stop their momentum

Eth is a security and Vitalik should be in jail

Lol, Does he know what the SEC does?

Clearly not

What do you hope the SEC will accomplish with this litigation?

I thought that ryan sean guy was a parody account. It's not?

No, he's serious, which is the hilarious part.

I’ll never forget them crying on stream after FTX

I mean isn't that one of their few jobs?

You will not find many note like that here fortunately. #Nistriches can distinguish better Signal from Noise..

"may not be limited to" those coins.

rip

Usually the SEC operates whitelisting mode where they maintain the list of securities which are blessed, but isn't it interesting that here they're taking a blacklisting approach?

The reason is they don't want to provide clarity, like Coinbase and many other haves been asking for. They want leverage to be able to control the narrative and play with centralized exchange rates.

The way to neutralize these silly games is to ignore CEX pricing and instead look to p2p and bespoke trades for the real exchange rates.

Of the many great things about Nostr one of the bast has to be the way says/zaps are almost never compared to CEX fiat value. Zaps live in this space between money and social proof where a new kind of value is arising.

Who knows, maybe this emergent value will grow in strength to overtake the "official" exchange rates. If that's the case it won't take any coordinated action. Like in hyper-inflated economies, sats-value will simply be the way things are.

It’s really difficult to comment on it because they are all so angry, and they lash out at anyone speaking truth about it.

They're not clueless. They're angry that they can't scam people anymore

many are though

cRyPtO just wanna have fun