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Sean Wince 🎩
@seanwince
Hearing the progressive commentators I usually listen to offer their hysterical takes on the proposed Bitcoin strategic reserve is so painful They are correct that the only reason this is being considered is because of political donations from the crypto industry, but everything else they're saying is pure Crypto Derangement Syndrome No, SBF being a fraud doesn't prove the whole industry is a scam No, the main use case aside from speculation is not money laundering and fraud No, a Bitcoin strategic reserve doesn't mean the government would control the Bitcoin network (or vice versa) No, this isn't a "bailout" for crypto billionaires -- is the gold reserve a bailout for billionaires who own gold? Most of their arguments are pretty ridiculous and showcase a shocking lack of basic education about what crypto is (and the differences between Bitcoin and the many other crypto assets)
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JC
@jonathancolton
It's sad to see. Every industry pumps $ into Washington and the Crypto Industry is doing their part to be heard.
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Sean Wince 🎩
@seanwince
Yeah it's the sorry state of our system. Needs to be changed but I can't blame crypto for playing the game in order to survive
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JC
@jonathancolton
You have to pay to play in politics
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