Lol - I think you have your answer re Ross. Blaming a transaction for a crime that someone else MIGHT commit when they’re high on cocaine is overreach.
Why?
Explain. What do you mean by paradigm shift?
He is pretty much the only guy you should be listening to right now to switch your paradigm of what we're discussing here.
#Digital1776
https://video.nostr.build/3a32be7d2bdb2c4e8ff689eae19f11cae09d558883f3dfe1c7c41957b2a5626c.mp4
He applies a technique called word magic. Calling #Bitcoin a weapon, and building a whole argument around that. Just another technique to get your keys. #Bitcoin is just money (MoE, SoV, UoA). Plain and simple. Not a commodity (you can’t eat it nor is it a raw material), not an investment (it’s not a business, but a savings), not property (it’s not land), not gold, etc and surely not a weapon. They change the definition of words. Bitcoin separates money from state, peer to peer. Don’t let them confuse you to get your keys.
You just posted it. ETFs, Bank custody and loans, Micro Strategy and other Equities, SBR etc etc people will just give them their keys. 🔑
While I’m against any government involvement with Bitcoin a Digital Shitcoin Act is clearly an attack vector.
It will cause confusion, as it equates Bitcoin and crypto. Crypto are all the scams and Ponzies that are using the Bitcoin brand to fool people but lack at least one of the elements that make Bitcoin immutable to manipulation for personal gain: Decentralization, Proof of Work or Scarcity. People will not know the difference between all these Cryptos. Which will keep the Bitcoin adoption low as people will also “invest” in other cryptos. (Note: Bitcoin is not an investment but money, but that’s a different topic). Thus, it will also dilute the focus on Bitcoin and effectively act like inflation as the other Cryptos will extend the limit of the 21 million scarcity cap. Lastly, calling Bitcoin an asset, or digital gold, or a commodity, or property also causes confusion as it is money. But more so, it moves Bitcoin into regulated realm in terms of taxation and tracking and tracing and therefore slow down its adoption as money, the real use case.
A SBR would make the Bitcoin price skyrocket vs fiat so quickly and so much that the fiat system would collapse. Because as game theory has it, every person, every fund, every company and every country would only buy Bitcoin based on the US’ signal.
“Crypto” is the attack vector. When Bitcoin is actually the only crypto.
You can type „fuck“ here. No censorship:)
#Bitcoin is a classic phenomenon of:
„You have nothing to fear but fear itself“, or „we are own worst enemy“
Thus 100% sentiment driven. It’s zero risk, the perfect money, yet people have such a hard time with it. Makes you wonder about humanity.
#Bitcoin is a classic phenomenon of:
„You have nothing to fear but fear itself“, or „we are own worst enemy“
It’s zero risk, but yet so heavily sentient driven.
Honest question: Why do so many people want Ross Ulbricht pardoned today?
Is it because his sentence was extremely harsh?
According to GPTs, a fair sentence for crimes similar to Ulbricht's might be:
- Drug Trafficking: 15-30 years
- Hacking: 5-10 years
- Money Laundering: 10-20 years
Aggregated, possibly 20-40 years concurrently, considering first-offense, no proven violence, and potential for rehabilitation.
He’s served 11 years and 3 months.
Best explanation I’ve seen is by Rep. Thomas Massie nostr:npub1jadxeczshxk2x0yuuz9gpd6jpmy5j8vkh3mluxk2jqa32fclf6mq70u6f3 and his short video posted on X/Twitter. He argues that he set up a website which enabled others to sell drugs and those drug dealers are already free while Ross remains in prison.
To play devil’s advocate, you could argue that the website enabled thousands of illegal transactions - including, as some allege, listings for murder-for-hire. If true, the punishment might fit, given the site's total reach.
I’m genuinely curious because I don’t know enough about Ross or his case. I’ve seen many calling for his release (#FreeRoss) and would love to understand their perspective.
Personally, I think Ross has served enough time. Double life plus 40 years is excessive for a young person who launched a website and got in over their head. At the same time, I see the potential real-world harm the site may have caused, especially if murder-for-hire claims are true.
If it were me, I’d hope for the benefit of the doubt and a chance to prove I’ve learned from my mistakes.
I know a lot of folks here on Nostr are vocal about this like nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx - would be interesting to get their take.
#gm #plebchain #asknostr #ross #rossulbricht #dayone
What did he do wrong? Im not clear, are you saying because he tolerated people buying and selling drugs on a website AND assuming buying and selling drugs is wrong that he should have been the enforcer….while the real reason they made an example out of him is that THEY needed to stop a free market place based on Bitcoin…he should be punished?
Imho there’s no way the US government will implement a strategic #Bitcoin reserve. It would lead to an extremely rapid collapse of the existing system;
however, a strategic Crypto reserve will confuse things so much, that it will slow massively slow down #Bitcoin adoption.
It’s obvious which way this will go
I think there’s a difference between the achievement of actually landing a man on the moon and at best, when lucky, grabbing an empty stage 1 booster with chopsticks on earth? Why? Don’t care…
Imho there’s no way the US government will implement a strategic #Bitcoin reserve. It would lead to an extremely rapid collapse of the existing system;
however, a strategic Crypto reserve will confuse things so much, that it will slow massively slow down #Bitcoin adoption.
It’s obvious which way this will go.
The thing with cancer is, cut it quickly and all at once….