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.

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.

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Discussion

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.