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RE: The Establishment Doesn't Get Crypto Or The Future

in LeoFinance6 months ago (edited)

Reminds me of a post I wrote earlier this year — can't find it right now to link, apparently I've written a lot — but I touched on the idea of categorizing projects "made in America" being stupid as it defeats what blockchain and crypto is about.

It's quite disappointing how people can't realize how they make a joke of themselves trying to associated with specific governments simply because they think "their policies" will be good for their bags in the short term.

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unfortunately, we are in a hybrid situation where governments still have influence. The situation with stablecoins is a prime example. The USG is going to pass legislation that basically makes stablecoin issuers banks, hence they have oversight (control).

Infrastructure is what is needed, outside the existing system. Governments based upon geography will be obsolete at some point.

We are still early, perhaps slowed by the focus upon "price go up" and not as much on development/building.

After all, we see, in a world of AI, Web3 people still feeding Meta, Google, and X with tons of data each day.