If I gave out a clown of the week award, this jacka** would be in the running.
We have a powerful US Senator who is talking about banning cryptocurrency and how the prospect is on the table.
In this video I discuss how clueless this really is. We are dealing with people who are so programmed that what they say gets more absurd as we travel further down the technology path.
Here is the article mentioned in the video:
https://u.today/crypto-ban-might-be-on-the-table-in-us-senator-says
▶️ 3Speak
Imo I think concerns over Proof-of-Work, ecology, and the scam in crypto are justified, and some level of regulation desirable in places that make deserve it, but an outright ban of all crypto-related technology seems a bit exaggerated and an abuse of authority. Part of the idea behind crypto is an emancipation from authority, and while I think a better perspective would be on the means of production (rather than the medium of exchange, such as the nature of currency or of the markets), over-regulation or sweeping bans are a clear antithesis to that.
They know cryptocurrency is a saviour that saves ordinary people from the politicians, government and rich dudes and they don't want that, that's why the assho** talk about banning it but it won't work because cryptocurrency is a success
Exactly right. The world is a very big place and however tight the regulators, there ways to go around them.
Banning cryptocurrency altogether seems very farfetched. There would have to be bipartisan, majority support and time. By the time anything like this starts going through, cryptocurrencies will get back on the rise again and support will be lost. As much as I have doubts about the dominance of cryptocurrency over the course of several years, I don't see outright banning as a practical outcome. Thank goodness I can remain this optimistic. 😉
And thank you for your insights, as always! They're always appreciated.
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Clown of the Week NFT
Of course they're from Ohio 😝
We all know that the politicians are dumb and I don't think that will ever succeed. The most they can do is to make it harder to get on the on and offramps for fiat.
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Dipshit? This reminds me of the iconic scene of Terminator 2 (1991).
Wow! Their "economic inclusion" and "investor protection" products are perhaps not working. Time to go strong. I wonder what will be the next narrative after banning? Maybe, joining? 😆
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But I've lived here for last 216 years, and haven't heard anything unusual.
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