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OldSchool
19dba8f974322c7345d3b491925896d19e7f432a4f41223c5daf96e31fae338d
The reincarnated soul of a former fiat maximalist. Bitcoin or nothing.

I’m of mixed opinion. I don’t want to see a fork but am concerned that large increases in non financial block space could weaken the security and increase fees. If ordinals exploded this could be a significant problem

Replying to Avatar TheBitcoinManual

Oef! If the SEC wins this one then any exchange with an exchange token is about to get the native sh*tcoins kicked out of them

https://void.cat/d/M7iyDFJd2CgGtDUe88128G.webp

The #SEC could potentially use this as a way to take down exchanges, delist tokens or shut exchanges out of US markets! lol Altcoin Casinos' have to be sharting themselves right now

https://www.coindesk.com/policy/2023/03/29/crypto-exchange-beaxy-shut-down-after-sec-lawsuit/

This is what could happen to ETH..it could retain commodity status but all its ERC20 tokens become unregistered securities..rendering the ecosystem as useless