Cryptocurrency: Must Regulate Itself, Else It's Corrupt, And Its Mission Will Fail
Human Freedom depends on cryptocurrency regulating itself. Not so much for regulation per se, as the free market is free to compete via proofs open transparency and reject shady operators, but as part of the need to recognize realign and rally its volunteer forces in regimentation against the fiat enemy that must be starved out, which can only happen via offering a sound alternative to adopt... crypto. Losing sight of the fiat enemy, of soundness, by becoming drunk in your own corruption towards users, the space, and the fight... will lose. Crypto has wasted years worth of advantage and resources, it must sober up, end the pointless shitcoin nonsense, rejoin its forces, clean up its act, take the high road, and start winning the war. It's much easier and sooner than you think.
Losing to crooks, taxing thieves, printflators, is an awakening and learning process that many must go through to becoming self-reliant, to casting off the mind control chains holding them in dependent sheepledom, thus reaching Freedom. That is one of the good outcomes of such events. Demand transparency from counterparties, abandon the shady, force the market to realize that transparency-as-a-feature is the only profitable business to be in. Begging for yet more regulation, enslavement, power, control, tracking, and lockdown... from Governments... is fail, as always. https://www.youtube.com/watch?v=xWAwK2fHArc No Regulators !!!
https://twitter.com/adamamcbride/status/1591083641823952896 You don't need more regulation, licensing, laws... instead, crypto needs to continue removing the need for trust, to replace those legacy central armies against Freedom, with code that births and ensures Freedom. https://twitter.com/ppmctweets/status/1590933025642401795 Very few people recognize the Power, Safety, Privacy, and Freedom of true DEX, mostly because they can't get their CEX brains out of the "But that would mean we have to give up authority over others, or not be sheep, so nah" complex that's been programmed into them... expect more DEX development. https://www.coindesk.com/layer2/2022/11/03/how-security-tokens-can-benefit-c... https://www.ft.com/content/c28e0570-d4c4-433c-b0a0-c99fba613822 Over 200 banks in Germany are requiring customers to pay 0.5% interest to hold money in their bank account. The system designed to quietly steal from you through monetary debasement is now actively charging you to use it. Opt out. #bitcoin
We really could have handled the 2008 Great Financial Crisis better... ArchaeoHistories @histories_arch In medieval Catalonia (Spain), bankers who became bankrupt, were publicly disgraced by town authorities, and given nothing but bread _ water to eat until creditors were paid off. After a year, if bankers failed to paid, they would be beheaded & their property sold off to pay them scott @scott_lew_is the existence of a corrupt relationship between Sam Bankman-Fried and Gary Gensler is becoming more and more plausible as more facts come out. latest: FTX general counsel used to report to Gary Gensler at the CFTC as his lead counsel. Ser Jeff Garzik @jgarzik What was SBF lobbying against? DeFi. 🤔 What would have prevented this? DeFi. 🤔 What exchanges already publish real-time proof-of-reserves? DeFi. 🤔 What will US regulators try to shut down? DeFi. 🤷♀️ To perform the Regulatory Capture maneuver, design a rule that sounds good to regulators because it sounds like it will protect citizens, but make sure that it will actually prevent your competition. suzuha ⚡🌙 @dystopiabreaker SBF was explicitly advocating *against* protocols that prevent the type of fraud he performed! he was advocating for legislation that would choose more fraud-prone structures as winners! Interesting. @GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly. We're looking into this.
As the forest arranges without planners, and the flower blooms eagerly without oversight, so does the market thrive, unmanaged and spontaneous. -- Crypto Twitter
Educate yourself and look after those you care about, embark on personal responsibility and Freedom. Because if there's one thing that all Politicians around the world give zero fucks about, it's having any care for you. Politicians, Govt, and Banks: No fiduciary duty, no duty to protect, all literally spending $Trillions to grow their own power and thievery and war over you, while doing nothing and laughing as millions literally starve to death around the planet. Freedom is a blessing, possible through charity, grow up, educate up, become responsible for yourself, and take your Freedom and your Money back from PolGovBank. Educate, don't Regulate https://www.youtube.com/watch?v=cWc6DOYQPbU Remy: Edu not Reg
"Brookings Institution made this declaration in 2015, it is time to heed those wise words..." “Had we over-regulated the Internet early on, we would have missed out on many innovations that we can’t imagine living without today. The same is true for blockchain. Disruptive technologies rarely fit neatly into existing regulatory considerations, and rigid regulatory frameworks have repeatedly stifled innovation. It’s likely that innovations in the Blockchain will outpace policy, let’s not slow it down.” "Hayek’s thinking was simple - competition is good." https://www.youtube.com/watch?v=xWAwK2fHArc Crypto - No Regulators "No regulation, don't legitimize it via regulation, don't apply any law, don't criminalize it, don't ban it, don't intervene, don't do any government policy over it whatsoever anywhere at all ever... Let them eat their own professed dog food, let them lose all their money, let the fools suicide, their letters scarlet, and their carnival of horrors be upon themselves, let everyone and all of it burn the fuck down to the ground on its own... Then, if their prophesized crypto future shall ever be, and ever be right, it will rise on its own as a Phoenix from the ashes, independent and proven, this necessary separation of Money from State. -- Anonymous"
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grarpamp