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MaxMaxi
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Peace, love, and Bitcoin.

No. I just listen to Fox News and believe everything I’m told.

Zero anything that relates to Harris and “communist totalitarian” but everything that points to Trump wanting to be a fascist dictator. It’s not even close.

Zoom into anything Trump does and says and you will see the obvious picture in front of you.

Maybe it’s ok to stack a bunch of Bitcoin and also put some fiat into MSTR? And maybe eventually sell MSTR gains for more BTC?

Can I eventually upgrade my #BitAxe or do I need to buy a new one?

Told my GenZ nephew I’d match any #Bitcoin he buys with his summer job money. He sent me a bill for $500! Good work kid!

Just ordered a #BitAxe to start solo mining! Can’t wait to set it up. Not expecting to make much, but this and my node allow me to support the #Bitcoin network in more ways.

The “Mt Gox Trade”: Immediately sell your BCH and then buy more #Bitcoin to add to tie recovered sats, then HODL!

While I read and listen to Tim’s of #Bitcoin content, I always remind myself that pretty much no one really knows anything about what Bitcoin prices are going to do. I don’t care about their trading experience, or quant shit, or charts. No ind truly knows shit.

Replying to Avatar Marty Bent

Don't get too pumped about Trump speaking at this year's nostr:npub1rwh33t5x8n7czknhts5fg0v0fml8mkl7neaarksumkkf8d679qrqcz7avv, there are forces in motion that could severely impact the bitcoin industry if people don't begin to make noise.

Earlier today there was a Senate Agriculture Committee hearing on Oversight of Digital Commodities with the head of the CFTC that everyone should watch.

If the legislation that is inevitably going to come out of this hearing gets passed it won't matter if Trump gets into office. The industry will be hindered for years. There is bi-partisan support at the moment as Democrats are moving quickly to react to the buzz Republicans have received due to their embrace of bitcoin.

Long story short, this committee is pushing to give the CFTC regulatory oversight over spot bitcoin markets, which is an unprecedented expansion of CFTC authority into retail commodities trades whereas in the past they have exclusively had jurisdiction over only commodities derivatives markets.

If the CFTC is granted this expansion of authority it would mean that they are likely going to require any bitcoin company to register with the federal government and have enhanced KYC/AML requirements. To be clear, this won't only affect exchanges, but any company that touches spot bitcoin.

These efforts are being spearheaded on the crypto side via lobbying efforts by Kraken, Coinbase and Ripple. Not shocking because this would likely enable them to trivially erect regulatory moats.

It looks like the bi-partisan effort will be looking to pass something through the House and into law rather quickly. Likely before the election.

It is imperative that you speak out against this as it would increase the regulatory and compliance burdens on US bitcoin companies considerably. The best move right now is no action. We need less regulation, not more. As we've seen time and time again throughout the first 15-years of bitcoin, these regulations but users in harm's way and make it unreasonably difficult for companies to operate cheaply and effectively.

Call you Representative and tell them to reject any bill that would give the CFTC oversight over spot bitcoin markets. This is a full on attack.

https://www.youtube.com/watch?v=F3i0pxWvyPc

And Trump will inevitably make no sense with his guaranteed inane babbling about a bunch of stupid shit. Like every other time he speaks. Not sure this is going to do any favors for Bitcoin.