Hey Casters: big question on my mind today is: politics of crypto / web3 is currently fucked.  Biden admin is openly hostile, operation choke point 2.0 shutting down crypto banking, etc.  Texas introducing "right to bear assets" bills (incredible term) etc.    It's clearly partisan now.  1/x

Partner @USV. Student of cities and the internet. https://nickgrossman.xyz

Founder /kiwi-news, a decentralized Hacker News

That’s a great question

The more paranoid among us worry about a modern day redux of EO 6102 which forced redemption of gold back in the 1930s:

https://en.wikipedia.org/wiki/Executive_Order_6102

The Texas bill seems more like signaling politics than real policy to me. But there’s an element of this fear in it

Founder of meTokens.com social token protocol. Former Golem, OMG Network, Hoard. Speaker at & contributor to ETHGlobal, NFT NYC, Ethereum Community Fund, DevCon

Here is the bill: https://twitter.com/nsmolenski/status/1638196787285565443?s=46&t=We5RknUB2IlTZQG4MaFgkQ

"Right to bear assets" I got from Chris Burniske -- not sure if he coined it or just tweeted it well : https://twitter.com/cburniske/status/1637996854247059456

Great term! Can you link to the bill? Tried to search for "right to bear assets" and couldn't turn any meaningful results 😬

Jorneyman Robot Cowboy Gun For Hire. Not as dense as lead, but definitely not as dense as gold.

that's an interesting way to put it. in some ways all of crypto is some version of going it alone -- or at least, I think that's how it is seen in the eyes of democrats today. But I hear your point

I think the dividing line is eventually going to exist along existing ideological lines with crypto. If one way of thinking leads you to reject the government and go it alone, the other encourages cooperation and seeking a better future.

Probably the first step for them is saying how bad everything is. Then they will have undo laws as people will keep using it. Hopefully they change their minds sooner than later.

Going to be a lot of political drama. 

In one sense it shows that crypto is here. And it’s going to stay. 

They used to not even mention crypto. 😂

We need pro-crypto folks to run for Congress.

Wouldn’t call this partisan, it’s truthfully just shitty timing of crypto being provided services by less than stellar banks in a volatile macro environment. 

There’s been plenty of encouraging bi-partisan efforts to promote crypto adoption domestically.

The weird thing about this to me is that crypto is one of the first technologies that actually lets us socialize *returns* to capital at scale. Should be something that makes the left leaning folks excited. But I guess it threatens role of government in some places…

So does this technically mean disclosing assets to a governing body would go against the right to bear arms...

Crypto is a fiancial weapon against the tyranny of financial / economic mismanagement by politicians?

https://chainleft.art

Dad, data scientist, blockchain native artist.

Power consolidation=evil.

I propose we get @chainleft in front of some Democrat legislators.

Also, we should remember that legislative reps listen to their constituents. @barmstrong’s most recent appearance on @bankless lays out a great crypto advocacy tool from CB.

And remember, **snail mail is the best way to be heard by your reps.**