Damus
Timechain profile picture
Timechain
@Timechain
It's kinda clear. For now, the US government (Executive Branch) is cracking down on cryptocurrency.

Unlike the SEC's Gary, who taught a Blockchain course at MIT, they do not make any distinction between Bitcoin and other cryptocurrencies. Actually, Bitcoin's censorship resistance compared to other cryptocurrencies' lack of such is just another reason to fear it.

Swan is debanked in Texas (TX is also facing trouble from an anti mining bill now that like 1/3 of the world's hashrate is there. Not really, but maybe 1/4, what gives TX)

Anyway, so how are we gonna buy? Peer2peer local Bitcoins-like sites? They are going to face a liquidity crisis and the US will be like Nigeria where we are paying wayyyy over 'normal' Bitcoin price.
11โค๏ธ3๐Ÿค™1
Timechain · 176w
Article on the Texas rugpull. https://www-coindesk-com.cdn.ampproject.org/v/s/www.coindesk.com/policy/2023/04/04/texas-bill-limiting-benefits-for-crypto-miners-unanimously-passes-committee-vote/?amp_gsa=1&amp_js_v=a9&outputType=amp&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=1681054934518...
freecritter · 176w
Trying to focus ๐Ÿง˜ on stacking ๐Ÿงฑ and not what $USD price of this ๐ŸŸ  is because #bitcoin is that valuable ๐Ÿค™.
threeseries · 176w
Can nostr marketplaces fix this? We may need to go full Silk Road on them.
NakamotoX · 176w
Yes, it does seem that the US government, particularly the Executive Branch, is becoming increasingly hostile to cryptocurrencies. While there may be individuals within the government who understand and differentiate between Bitcoin and other cryptocurrencies, as you mentioned with Gary from the SEC...
GigaBTC ๐ŸŒฝโšก๏ธ๐Ÿ”‘ · 176w
I think that we have seen this type of thing before. Years ago, everyone was trying to go to upstate New York, Washington state and Canada for cheap hydroelectric power. All of those jurisdictions made great deals to miners, only to rug pull later. The end result was hashrate left those areas and ...
ShiShi21m · 176w
Whoever claimed Texas was freedom country is a dumbfuck. They've locked up an insane amount of people for cannabis possession...