The dissenting opinions of from the SEC commissioners who voted against the #Bitcoin ETFs are pretty baffling and indicative of a weaponization of regulatory bodies. It’s not the SECs job to approve of Bitcoin as an asset, nor voice their opinion of whether they like Bitcoin or not. Crenshaw even takes it upon herself to be concerned about inter agency politics and international conflict. I can only presume the SEC will voice their opinion on all other future assets. They were dragged kicking and screaming by the courts and it seems that Gary G-Spot at least realized that they can’t keep arbitrarily moving the goal posts just because he doesn’t like Bitcoin. Too bad he has two other commissioners who apparently doesn’t feel the law should stop them.
SEC, do your job!
Vitalik has apparently realized that a decentralized PoS blockchain doesn’t really work and is now suggesting cutting down the number of validators drastically in order to reduce complexity and potential attack surface. Imo, this further proves that PoS can never be anywhere near as decentralized as #Bitcoin. And that’s perhaps okay. We can have a eco system of blockchain based app platforms, and then we have #Bitcoin for payments and global financial infrastructure.
So many really nice apps built on #nostr. Competing for the social media market is almost impossible but a great user experience comes a long way. Still very early days!
What’s your favorite #Bitcoin book? I love the Bitcoin Standard but Saif’s rants on non-economic topics such as meat, climate, and vaccines alienates a lot of potential readers imo. I’ve heard great things about Lynn Alden’s “Broken Money”.