I agree with your point about running to big daddy government, I personally don't care if shitcoins are unregistered securities, and they rek people, they all chose to participate in these scams, being an idiot, being greedy or being naive is not a crime, if you fall for a sales pitch thats on you and that's how you learn, by having a scammer take you for a ride

Securities laws ain't going to do much IMO, the shitcoins will find a niche for themselves in any case

Bitcoiners that call for this are just people who want to get rich and aren't confident in what they hold. I couldn't care two shits about ETH, even if it flipped bitcoin, I wouldn't care, I am focusing on the thesis and what i've seen from bitcoin playing out so far.

Let the shitcoins kill themselves, most will and the ones that don't well clearly people think its useful for their lives, just like people feel their fiat currency is useful