Ethereum

U.S. Crypto Reserve finally announced but ETH didn't make the list. Make it make sense.

Even though Trump later stated BTC and ETH are part of the reserve, this is not bullish for crypto long term. The govt having a massive stash of crypto that they can sell off at anytime and decimate the market is BAD. This administration might not sell, but what about the next one? USA will likely flip from red back to blue after this admin. What then? Dems have no interest in crypto currently.

Hi, I’m Jack.🤷‍♂️ chronically unserious, cautiously cynical

writing stuff about tech + decentralization over on blog.thumbsup.me

This is literally worse than govt regulation on crypto IMO

Yeah the amount that people here don’t understand the effect of wealth centralization on system centralization is wild. It’s actually the thing we have the most real life evidence of.

Builder | Gamer | Enthusiast of many things

I wouldn’t say I’m an expert but I did work in the industry at an exchange. ETHs goal is certainly not price action, but price action affected its success nonetheless. This isn’t govt regulation, it’s govt acquisition. Trump doesn’t plan to regulate the casino the space has become because he personally benefits from it and so do his donors. It’s mind blowing to see the govt essentially say no further regulation is needed and existing laws and agencies can handle this (they can’t). It’s even more mind blowing that the govt is acquiring crypto assets before they reign in crypto with regulation.

Builders are encouraged to build products that further the casino meta bc that’s where the money is and that’s the direction the industry is moving. I’d like the casino and scammy aspects to be regulated so builders can build cool shit. Products like the ENS are much more impressive to me than another meme coin trading platform.

Price action isn't the goal of something like ETH in my opinion. I don't think this is a negative by any means. The benefit we will get from a regulation standpoint will help builders make better products in the US and for US customers. Fingers crossed at least, I'm by no means an expert.

I agree, there’s no way we can stop or regulate state actors from getting involved, we can only ask as citizens that they regulate themselves and stay tf out of crypto. They already have massive reserves from seized crypto assets and the govt selling those off has always loomed over the industry. But you’re right, we should be savvy, and the savvy thing to do is not to celebrate this as a long term win, or really a win at all. The govt getting more involved in crypto in this way is bad. 

We can play the game better collectively by not hyping up every short term price movement when number go up and think long term what’s best for the industry.

Whales gonna be whales whatever happens right? So as much as I may agree with your point what would be the resolution to the issue. You cant limit people or states getting what they want. We just have to be savvy players in the game

Early crypto and AI fake image maker GANs since 2018. Exhibited at @superrare, 
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Exactly! This is the opposite of what Satoshi would’ve wanted

Crypto should not be a Democrat vs Republican sort of issue as far as regulation. But I thought crypto was all about getting the control of money out of the hands of government. I am not sure what a reserve does for us.

While the election of Trump was seen as very bullish for cryptocurrency, I believe it shouldn’t be seen that way. In fact, I think it could be very bad in the long term. One only needs to look at his comments on crypto being a scam and his overall polarizing effect. It is guaranteed that at a little less than half of the US population will now have a negative view of cryptocurrency.

the next administration will definitely dump it asap imo

This is just the basic idea of what unrestricted access is. If you agree for unrestricted access only for small holders, then you are not an unrestricted network. Bitcoin and Ethereum are unrestricted, for everyone.
I'm pretty sure a gov like US entering the crypto space is more bullish than you all say. Because if you think opposition gov will not be interested in crypto, I think you're wrong. They will always be interested in anything that makes money. Once it will be a good way to make money, there's no red or blue, there's no droite or gauche, they all are drooling and wonder how they can get a share of it.