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It's a shame we have to burn resources on counter-lobbying to fight this. Can't stand political entrepreneurship, regulatory capture, moat building. It's about global financial inclusion, censorship-resistant rails of last resort, not ChokePal 2.0. Fund
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Replying to @leartulaj @twobitidiot and @QwQiao
I in person witnessed CB execs lobbying regulators with lies (“China controls bitcoin” “PoW is an environmental disaster”) and pushing USDC instead. And inviting heavy regulation which will cull all competitors. I know what’s going on pal
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Such a mentality is terrible, and short sighted too. Regulatory moat builders may win locally, but imo long term they'll lose in an interconnected world. Also, how can you be proud of your work if it's built on bullying tactics?
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Imagine what the internet would look like if the music industry had built the Netscape browser
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