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0 sats \ 1 reply \ @79c9095526 OP 27 Oct \ parent \ on: Trump: Effect on Bitcoin vs. Crypto bitcoin
I appreciate the kind words and wholeheartedly agree with you that the crypto goes to zero eventually. It is unfortunate that it confuses people who are new coming to the space as they get bogged down with the thousands of other BS projects. Its so sad when someone new to the space gets burned putting thousands of dollars into a scam coin (whether its shibu inu or Trump's jpg nft or Trump's latest liberty financial scam) and they then tell their friends "I got burned investing in bitcoin" because they conflate all of it.
I'm hopeful we get there eventually but looking at how much profit there is to be made selling unregistered insider premined securities, and how much money those scammers give to politicians, I think its going to take longer than my limited human lifespan may like!
Bravo.
I agree with you 100%. I believe it only delays the Bitcoin revolution and adds 'confusion' to the space... having unregistered securities alongside Bitcoin. All the NFTs, tokens, and crypto schemes harm the 'sound money' proof-of-work revolution... and confuse people.
Having said that I believe things are starting to turn the corner. The Eth/Btc ratio is the lowest its been in years, and it seems apparent that Wallstreet actually knows the difference between 'this thing' and 'everything else'. Fidelity has some presentations/write-ups about it.
On the bright side, you get to stack Btc at cheaper than it would otherwise be... so while it's a double-edged sword there is Definitely a good side ;)
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