Main reflection every time I go to DC:
It is astonishing how much damage the term “crypto” has done as a one size fits all category
The worst altcoin scam promoters are lumped in THE SAME meetings and treated with the same cordiality with Bitcoin miners and stablecoin issuers. All the time.
Congressmen and women scammed by SBF are weary of “crypto” - and they are right!
We need to be specific
“Crypto council” type constructs are silly. Why should Bitcoin miners have to share a table and discuss fart coin? Completely unrelated to what they do
Huge respect to BPI for pushing in this direction, their name alone means and does a lot
There should be Bitcoin meetings, legislation, working groups etc which exclude affinity scammers or anyone not working on Bitcoin
Replies (35)
💯💯
Please don't include stablecoins with bitcoin. They are crypto and arguably the worst crypto.
100% of inflation risk of fiat.
100% of key management hassle and online security risk of bitcoin.
Take your crypto portion and split it into its 2 component parts.
Keep the counterparty rug risk
discard the miniscule chance that you bought a winning lottery ticket.
On top of that every argument for stablecoins has to start with a presumption of some validity of fiat.
Even when I was new and ill informed enough to be into crypto I knew better than to ever touch stablecoins.
Weary? Or wary?
Both honestly
Totally agree
I suggested three categories for councils, working groups, legislation:
Bitcoin
Stablecoins
Everything else
CENSORSHIP!!! 🤣
If they must legislate, and we both know that they feel they must. My models in order are,
Don't bother you can't win
Go nuts, fiat is their baby anyway
Casino rules
Remember "crypto" is a scam because you can't buy anything with it whereas "Bitcoin" is a scam because you can't buy anything with it either.
I buy a lot of things with bitcoin
Maybe you can’t buy anything with it, but that’s on you
I buy things with it every day
BPI’s naming game is chef’s kiss—specificity cuts through the noise. Meanwhile, ‘crypto’ lobbyists out here playing musical chairs with scams. If only Congress reserved boats for sale
New & Used Yachts and Boats For Sale | All Boats - Yachttrading
Yachttrading offers a wide selection of new, used, luxury, sailing, and power yachts & boats for sale. Sell your boat quickly online and explore he...
for actual Bitcoin builders. Anchors aweigh, fraudsters!
Unfortunately people like David Sacks and even the president are shitcoin scammers.
I pay rent with bitcoin
Crypto is a scam cause it’s made out of thin air by con men
Boo-hoo! "Govern n regulate me harder, daddy"
In a free and open market, I can shitcoin, if I want to.
"dear government, please give me special treatment and regulate my competition out of existence"
ah yes very cypherpunk of you
Sure. But please don’t affinity scam into Bitcoin
A lot of smooth brains in the comments here.
Is that what your waiting for? Someone on the TV to tell you it's accepted at your state run grocery store?
Good.
Who did SBF donate to before he got screwed by him?
Scammers are a nuisance for all.
It's sensible to squash them with extreme prejudice (and also run Knots, not Core).
Anything else that is a legitimate market contender, let them prove their worth.
Bring it on, innovators!
DC is satanic energy suck. Stay focused.
We might see fiat currency backed by Bitcoin as s transitional step to full native Bitcoin adoption as currency.
This is my constant battle with folks I care about - they can't see the garden beyond the weeds...
Miners will mine anything for more dollars, they typically are not Bitcoin Maximalist but rather Fiat Maximalist.
Yes?
I'm waiting?
And where's that state run grocery store also. I'd be happy for any grocery store to accept it, state run or not.
Yeah idk what they’re getting at. Like, they want to be controlled? They think fart coin is the same as bitcoin? Or deserves the same respect? Makes no sense.
✍️✍️🔥🔥
Don't speak on the behalf of the "all"! Also, you run for help to the biggest scammers and monopolists - the government. 911, WMDs, "Hillary is going to jail", "Epstein killed himself", "The shooter acted alone" REMEMBER?!!!
Core, Knots - I don't run either... MONERO, BB!!!
There will always be scams. And to whine, that the biggest scammer - the government, is into scams, is just either naive, or malicious, because is giving validity to these corrupt people i.e. the government.
So you mean that some people do like to get scammed?
Okay sure²
Anyway, does that mean Monero users run nodes to secure their network, too?
When you start caring for the collective good, you take role of god. You are not god.
You go to interwebs, type AI and ask: Hey AI, tell me about monero... LOL
About 13,700 node runners right now
