Subnostr

Restricting access to the only absolutely scarce asset to ever exist which can’t be controlled by governments is about the dumbest thing governments can do.

This is just going to jack up the demand and thus the price and thus increase the demand, thus the price… 🔁 nostr:note1sfm3m22gde6jhw9a8asqch60zhprevl33qs5tr0s8phupwg8gtgq4pyqkf

hh 2y ago

Well, that's the idea. So the "accredited investors", i.e. the cronies of the banksters and the politicians, benefit more.

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Discussion

StackSats.IO 2y ago

Gov’s intention might be to help their friends but that’s not how this will play out in reality.

It benefits existing holders whose coins will go up in value and who aren’t gonna suddenly sell to “accredited investors” just because some new rules were introduced over an asset the gov and their cronies can’t control.