Before ridiculing or dismissing those who are skeptical about bitcoin, remember how skeptical you were about bitcoin
“One must acknowledge with cryptography no amount of violence will ever solve a math problem.” -Jacob Appelbaum
Get the word out, we all smash buy April 1 at 8pm GMT
“I’m a maximalist for now. Digital wartime. Bitcoin only.” -@Balaji
Today Coinbase received a Wells notice from the SEC focused on staking and asset listings. A Wells notice typically precedes an enforcement action.
“The President's Annual Economic Report to Congress has a 20 page chapter focused on bitcoin with the conclusion that it is irrelevant and cannot compete with the dollar.
So irrelevant they dedicated 20 pages to it.” - #[0]
WHITE HOUSE: “Although the underlying technologies are a clever solution for the problem of how to execute transactions without a trusted authority, crypto assets currently do not offer widespread economic benefits. They are largely speculative investment vehicles and are not an effective alternative to fiat currency. Also, they are too risky at present to function as payment instruments or to expand financial inclusion. Even so, it is possible that their underlying technology may still find productive uses in the future as companies and governments continue to experiment with DLT. In the meantime, some crypto assets appear to be here to stay, and they continue to cause risks for financial markets, investors, and consumers. Much of the activity in the crypto asset space is covered by existing regulations and regulators are expanding their capabilities to bring a large number of new entities under compliance (SEC 2022). Other parts of the crypto asset space require coordination by various agencies and deliberations about how to address the risks they pose (U.S. Department of the Treasury 2022a).
Certain innovations, such as FedNow and a potential U.S. CBDC, could help bring the U.S. financial infrastructure into the digital era in a clear and simple way, without the risks or irrational exuberance brought by crypto assets. Hence, continued investments in the Nation’s financial infrastructure have the potential to offer significant benefits to consumers and businesses, but regulators must apply the lessons that civilization has learned, and thus rely on economic principles, in regulating crypto assets.”
https://www.whitehouse.gov/wp-content/uploads/2023/03/ERP-2023.pdf
HAS THE WIND changed? Have you been contacted by (formerly skeptical) friends/fam who are now seeking an orange pill?
The price of bitcoin is acceptance that you were wrong about bitcoin.
The price of bitcoin is your ego.
UNCLE SAMBankmanFried
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#[0] posted The Mandibles author Lionel Shriver’s new bitcoin wallet on the bird app 30 minutes ago and it already has $25,000 political currency units worth of BTC from plebs. I hope he updates us on her reaction when the dust settles. https://mempool.space/address/bc1qxr4cgy6vxx5r3w5z7ng9x8920vhwm57w2ccfp7xzj3lt3xteuxyqzvjkvy