opinion: the state is allowing shitcoin scam after shitcoin scam (i.e. Hawk Tua coin) in order to erode Bitcoin’s brand / perception
Discussion
Here is your misconception.
Not everyone is so cucked that we have to ask big daddy government to govern us harder.
Whether it is investing in a time share, or a shitcoin. It is the individuals responsibility to research the pros and cons of any investment on their own. In order to make an educated decision.
So if people are not smart enough to accomplish this on their own. Blame the educational systems for graduating dumbasses before they were taught how to manage their basic finances in school.
you are correct. however that doesn’t change the government’s ability to erode Bitcoin’s brand in the mind of the average person when they see shitcoin after shitcoin scam. It’s just the reality we live in. The average person doesn’t have the time or desire to thoroughly research Bitcoin versus other cryptocurrencies. The majority of the population just sees that 99% of cryptos are fraud and then will be more likely to be compliant when the gov’t institutes unfriendly Bitcoin policy. Whether it be wealth taxes, cap gains taxes, or whatever they decide to do.