Subnostr

I'm not a bitcoin influencer, but I work in policy and follow most major and minor bills that relate to Bitcoin. I provide comment, commentary, and sometimes lobby for them.

I understand that the entire "Bitcoin not crypto" plays well on social media, but when we're discussing the texts of bills or political rhetoric, it's not the biggest offense in the world.

You're dealing with the law, which should be tech-neutral. Otherwise, there's no situation where Bitcoin is viewed more favorably than any other chain or coin.

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Discussion

Yaël 1y ago

It's something I've thought a lot about and heard the same from many legislators and legislative staff who are themselves Bitcoiners, but who understand law.

https://consumerchoicecenter.org/crypto-vs-bitcoin-and-why-it-matters-for-policy/

Yaël 1y ago

Also, bills that are "resolutions" are just a waste of time, toothless, and achieve nothing but virtue signaling.

Shawn 1y ago

I appreciate your perspective and experience, and I certainly don’t speak for Parker, but I do agree strongly with his point. While it might be politically expedient to beat around the bush, it is ultimately defeatist to conflate Bitcoin with crypto, just as it would be to conflate physics with astrology.

Yaël 1y ago

to "conflate Bitcoin with crypto" is indeed a grave sin, I get it.

but if you write law on anything tech-related, if it's not tech-neutral, you risk the worst.

This may be a losing battle in bitcoin world for my part, but the broader the regulatory categories, the better the protection for all involved.

Bitcoin should win on its merits, not because Gensler or someone else deems it a commodity or something is written in law.

In all my articles and briefs to legislators, I consciously write "bitcoin and its crypto-offspring" to make the difference clear.

techfeudalist 1y ago

Yes, the law should be neutral and not pick winners through regulation but the term “crypto” is being used to conflate both digital asset securities and digital asset commodities.

Securities and commodities are very different and treated very differently under the law.

Bitcoin is a digital asset commodity. All of those pump and dump scams are unregistered securities.

Mandana 1y ago

Thanks for sharing this point of view. Excited to have found you on nostr!

My brain glitches on this because all other crypto are run by people/organizations. Bitcoin isn’t the same tech. How can laws governs something decentralized with the same laws it uses to govern something centralized?

nostr:npub1pmhevxtlt3478pvmdqt7dftnv6zc2mzpdc569yjm6ks4k2jhezcs53uksr made a point recently to me that the dollar belongs to the United States so fine, we’ll follow their rules when we’re using it. But how can they place rules on something that isn’t theirs? That doesn’t belong to anyone but the individual owner. These countries are so used to regulating everything that they can’t even consider that they have no claim here.