the entire point of bitcoin is a system that obsoletes corrupt regulators
it does not matter what gensler thinks about bitcoin, what matters is he cannot stop it even if he wanted
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Same as government trying to regulate gravity.
You can only ban yourself from Bitcoin. Not the other way around.
I absolutely loved your interview with Lionel Shriver on Citadel Dispatch! Best podcast of the year so far, imho. I hope you're able to have her on again.
The point of any honest institution should be is it’s own obsolescence, Bitcoin is dissolving our political system, and that’s a good thing;)
So many people talk about value as something indispensable. This feeds capital misallocation and the inherent growth obligation of fiat. Your point is so important that value is associated with successfully working yourself out of the current job/mission and move on to higher levels of productive resource allocations.
Stop this zap Gary!
When the SEC is demonetized and Gary gets a real job I bet he’ll accept Bitcoin as payment
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bitcoin is world changing ⚡
True but the very fact he understands this is surely a win in the short term
Agreed. Still don't mind seeing some shit coins get fucked up though
That's what the shitcoiners don't understand.
in their mind they live in an idealistic world where they are 'allowed' to operate.
Bitcoiners recognise the reality is that when the threat is large enough, those with the power will do everything to stop it.
Adversarial thinking is the only way to navigate the path we are on.
What if most coins are KYC? (you've made this point before) Isn't that a risk of regulatory capture?
I’m on chapter 4 of The Mandibles and my blood is boiling.
💯 spot on….bring it home Odell.
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Well yes he could, or the government (s) could.. just add violence to regulation... Working quite well in Russia right now!
right, it is completely irrelevant. 99% of altcoins are either decentralized or in another country. good luck shutting them down.
it is the whole purpose of p2p money: to replace the corrupt, criminal fiat central bank system.
that is why they are panicking. no one cares what they think or do
"that is why they are panicking. no one cares what they think or do "
I think that sums it up nicely.
He cannot stop it and what scares them the most is that they can't control it.
It matters after how many shitcoins he is going after so we can finally detach from them.
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But he can physically come after you for use of it if you allow him to monitor your use of it.
Stack em KYC free!
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Do you think they will ever fully realize that no one can turn bitcoin off?
But like all currencies, it isn’t good if it’s not valued or can be devalued.
…which pretty-much by definition means Bitcoin is not a security
He can't stop it but he can put you in prison if he outlaws it and finds that you're using it.
This is why we need a politically decentralized world so that freedom can always find a save haven from corrupt empires.
True, but he does have the power to delay things drastically.
They can't stop the signal! ⚡
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Correct, but isn't it for the Overton Window? Of course, his statement does not affect the fundamentals of Bitcoin, but it is better that way than to put obstacles in the way of its development.
That’s true, though it’s kinda nice to hear what he thinks about shitcoins, especially as with those he can stop if he wanted to
The only property right fully independent of government.
I’m a bit confused - hypothetically if USA was to banned bitcoin, that would just mean it would be off exchanges right? Where would I be able to go and obtain it if that were the case? Maybe purchase goods of value and sell to a bitcoiner ? Sorry for my ignorance.
A ban would definitely stop your coinbases and your strikes from buying and selling bitcoin. But your p2p markets...such as your robosats, your bisqs...government would need to get their hands pretty dirty to shut those down ( if they could at all...i doubt it). And p2p wouldnt skip a beat.
robosats, bisq, peach, peer to peer. you cant stop it
It would be similar to acquiring Monero.
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Then why are you people constantly begging regulators to adopt and approve of Bitcoin while also asking for all your competition to be banned? You should try Monero instead, it's actually decentralized.
Who's begging regulators to adopt and approve bitcoin? Regulatory clarity would likely allow businesses and firms on the fence to begin building applications on bitcoin. Some are already doing this regardless. Monero doesn't have the liquidity to do much with.
You guys invited Kevin O'Leary to give the keynote speech at the 2022 Bitcoin conference, where he spent the entire time telling everyone how great regulation and institutional adoption are. The entire narrative pushed by Saifedean & co. is that Bitcoin will be the global reserve asset for central banks. And now there's Jason Lowery's Softwar thesis, about how Bitcoin is a weapon and the US military should get in on it. All you guys do lately is ask for more regulatory involvement so that number can go up more. Rather than just focusing on being a permissionless currency and not asking for every government to pump your bags.
Kevin O'Leary is obviously a paid shill who has lost all credibility after his SBF statements. Saifedean has stated it will become a global reserve asset for central banks out of necessity. These are game theory scenarios that will play out because of the convergence of wealth on the hardest money. That's not related to pushing for regulation. I don't see the connection there.
I'm actually just messing with you, seeing how easy it is to bait maxis on here, and mentioning Monero since a lot of them are unreasonably dismissive of it.
In reality I like Bitcoin and hold a fair amount, but all anyone ever talks about on Nostr so far is Bitcoin, which is boring, and the whole zaps thing is an awful idea.
Well Bitcoiners naturally would like something like Nostr, and since bitcoin is such a fascinating topic, it's not surprising to see bitcoiners talk about it. Why are zaps an awful idea??
Think about platforms like Reddit. They gameify social interactions through upvotes. You're not incentivized to say what you really think, but what you (subconsciously) think will get you the most upvotes (dopamine). So all social discourse degenerates towards the lowest common denominator. Zaps are like that but with money, in addition to dopamine. They're like Reddit gold/upvotes on steroids.
And sure, I like Bitcoin too. But it's not a personality. And the entire global feed is Bitcoin, Bitcoin, zap, zap, Bitcoin, etc.
Nostr was created by a Bitcoin protocol developer with a lot of money from Jack Dorsey for the express purpose of proving that web3 (social media over a time chain misused for bloated data storage) is stupid and can be done better a different way.
Crypto is all "let's reinvent the wheel but on the time chain" now that is fucking boring
Sorry money is so boring to you. I guess I'm just a nerd who likes economics and the idea of money with updates to the ruleset based on a social construct rather than a top down organization.
I just think its neat.
You're kind of strawmanning here. Regardless, it's not that Bitcoin itself is boring, it's that the majority of retards on here are boring, and use low-effort Bitcoin memes to fill in for their lack of a personality while they beg for zaps. At least you two guys are somewhat decent, since we're having an actual conversation. Most people just post that emoji of two people hugging, before retreating to their echo chamber.
I mean fucking look, these retards are starting hugchains:
https://iris.to/post/note1z4a009qmepy966k207eug2t440hrug090rswhdhtr7ymm5p09x6q35wul7
I'm not straw manning at all. I merely reacted to how I thought you meant. I interpreted you to mean "only talking about Bitcoin is boring"
On the contrary, your description of the general user here is a strawman, but in any case, people are people and when it comes to people, you can't group everyone into one glop. You rather have to talk and find people you vibe with.
This feels like a strange thing to need to explain to someone but I've explained simpler things in the past maybe just reminding people of things they already know and just applying it to the context of discussion. Maybe that's just what I want to believe though.
Maybe its that you aren't used to having to sort though people. Maybe you're just very used to thinking as most people think and being in a situation where that isn't the case is alien to you? Understand this is not a strawman, but an attempt to understand you.
I said "all anyone ever talks about on Nostr so far is Bitcoin, which is boring". I mean, Bitcoin is and can be an interesting topic, but looking at the global timeline it's largely people asking for zaps, offering zaps, and saying how great nostr & Bitcoin are, without much more depth to the conversation. I sent you a thread where dozens of people are all posting hug emojis at each other, they're taking the term "hugbox" literally.
And I am used to sorting through people, I'm usually on the uncensored side of the fediverse where there are plenty of retards. But at least the retards there are interesting, and have more to talk about than "zap me, Bitcoin to the moon". I think the problem isn't nostr itself, since the relay structure is a good idea. It's that the whole zap thing incentivizes the lowest common denominator type of thinking, where a lot of people aren't here to have an interesting, two-sided conversation, but farm endorphins and sats.
Bitcoin has been banned already in several countries and continues to reign as king.
I'd prefer the game of chicken over dealing with all these scams
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Dude, Lionel has to be a spook right? To be right there on the doorstep and own no #Bitcoin, barely distinguish btc from crypto, and be more interested in a 5% savings account of a fiat that's known to inevitably be rendered worthless makes no sense. It's really btc fud and fear mongering above all else. Seriously how could you write that book and have no viable alternative for store of value unless you were an intricately woven part of the system?
It seems like a definite good that there is a force attempting to clean up shitcoins. Should we care if it is a regulator?
agree. he could delay uptake though
He stated very clearly all tokens are securities and Bitcoin is not.
Don't you think you should tone down the suspicious accusations with regulators who are Bitcoin friendly?
Oh...i think i am getting it...whats happening anyways?
they want regulate sovereignity of all 150+ smaller countries as IMF call for BAN on BITCOIN in G20
IMF planning send every pleb to guantanamo too once ur zap exceeds their REGULATORY limit
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Very true, the upside is maybe now ppl will get scared and stop investing in shit coins and focus on Bitcoin.
sounds even better when read in the voice of caps odell
Don't wait for someone else to make the change you wish to see in finance. Take the first step and invest in #Bitcoin
This whole thing you were talking about on RHR, where there is only 4-5 bitcoin core developers has me concerned personally.