Replying to Avatar Jack K

What do you do when asking for permission fails? There’s really no more work to be done if this is a premeditated attack on the fiat on-ramps/off ramps. Did we really expect there to be a release valve forever? What do you actually do if you can never get your wealth out?
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Mike Brock 2y ago

I think we can probably blame "Web3" more for these failures than a coordinated regulator attack tbh.

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Jack K 2y ago

I’m not ruling out that web3 is a coordinated attack on bitcoin. I don’t really think the people pulling these stunts are that stupid.

SVB was not necessarily web3 either. It appears the fed forced banks to chase yields and they got wrecked buying the top on the 10yrs, no?

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Mike Brock 2y ago

Web3 failures probably played *some* role given how many of these businesses failed.

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pam 2y ago

Yea, most startup events in US has something to do with web3 , and VC’s big on funding these hyped up phases. Except that the output is tulip-mania ish

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jack 2y ago

💯

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Kano 2y ago

Web420 will save us

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Mike Brock 2y ago

Thanks, pmarca!

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brady 2y ago

There’s other places on this planet that bitcoin will survive. If you can’t convert your paycheck to bitcoin, then in a democracy, the work becomes to elect new leadership. If that can’t be done, then US citizens suffer and citizens of free and open societies thrive.

Bitcoin doesn’t need the US. The US needs to humble itself.

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Will Wilkinson 2y ago

Good point. And insofar as regulators have been coordinating, it’s been to protect consumers and the broader financial system against scamtastic exchange/web3 shenanigans.