They tried treating crypto like a tech plague already. When a quarter of voters own some, it's pretty dumb to try and demonize it. They should have gone with sensible regulations between 2020-2024 and maybe we wouldn't have a crypto grifting President. Instead they chose to go with this nonsense...

They had hearings about it last year. The SEC Commissioners admitted under oath that they were. That they knew the laws in place didn't work at all, and left them that way so that they could be hard on crypto. Including things like rules that prevented banking access.

We are where we are with this because you chose to go to war with software instead of allowing common sense regulations to be put in place. *Slow Clap*

I don't see anything rising from the ashes. This is our one shot. The next one will either be captured by a few parties or be snuffed out. Control of money and financial markets is greatly tightening and expanding. But I think Bitcoin snuck in just in the nick of time. 🫠

No doubt. I suspect that is largely due to Trump suddenly switching from anti-bitcoin to pro-bitcoin. And the Dem leadership launching a war against crypto. Not to mention that right wing extremists seem to be very gullible.

We were both a bit off on this one

That doesn't say 'right wing'. Keep reading... But that screenshot you shared shows the authors are certainly not crypto shills.

That's the thing, Bitcoin is a cooperative network. All activity ultimately strengthens it. Even trying to boycott it doesn't hurt it because it is a voluntary opt-in system. Even the incumbent tradfi folks are coming to the realization that you cant beat it so you might as well join it.

The last administration certainly tried. They learned a tough lesson trying to get rid of something that 28% of the American adult population owns. Quite a few single issue voters on this subject, and they voted for the team that wasn't trying to classify them as criminals.

It's almost as if Dems should have pushed for sensible regulations instead of whatever this nonsense was...

Bitcoins energy use is estimated to be roughly the same as it was 4 years ago...

As for reactionaries, I don't think anything could top this...