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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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Sean Mundy 🎩🔥
@seanmundy
Shot in the dark - do you watch Secular Talk? Watched a video of his recently and he was saying a lot of this and I felt very similarly haha 😅 they're throwing the baby out with thr bathwater with these kinds of takes
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Sean Wince 🎩
@seanwince
Dude. Yes! Kyle is one of the people I'm talking about. He spewed all the tired old arguments from 2021, with the added twist of saying it's now somehow a scheme to enrich billionaires 🥴
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