The path to killing cryptocurrency dead is forcing the true believers to really try to use it as money
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Blockchain is a revolutionary technology that puts money forever outside the power of the state to compel or control. We must not let the Biden administration destroy it via mild regulation!
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A: BC is money! A: But like the real, not "fake" money! A: And democratic money! A: BUT SERIOUSLY, IT IS THE MOST MONEY OF ALL MONEY B: Ok, fine, whatever. It is like currency. With all the responsibilities of financial instruments. A: (pictured)pic.twitter.com/V6iTmgolhp
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The soundest money evidently will collapse under the slightest scrutiny.
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This burn is really confusing, because
@smdiehl says they are all illegal securities, but also that they cannot be both securities and money. -
By all means amend "money" to "financial instrument" if that makes the burn less confusing
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I just don't get it. How can it be so revolutionary if a modest financial regulation will crush it? I mean that was the whole pitch for it, right? Right?
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