Simple question here:
If all this legislation did pass how would that affect how Bitcoiners and folks who want to use Bitcoin in the future? Would they stop using Bitcoin wallets? Would they stop using Bitcoin…? The answer I believe is no.
The legislation would create a “white market” where exchange would happen “underground”. Innovation towards finding new technologies that can work around the legislation would sky rocket. The legislation would create a never ending game of waak-a-mole. Not to mention this legislation would probably send bitcoin’s exchange rate to the U.S. dollar to the moon!
The point of my response is to say that NOTHING can stop/regulate Bitcoin. There is no useful reason to give light to all these government/legislative attempts to regulate Bitcoin other than if your the business of announcing these events. If you’re a policy watcher, or you’re paid by a company to make or respond to policy would be the only reasonable explanation for giving these events any attention whatsoever.
Stack sats, peace, love…
jon
npub1wt…cjjv2
2024-05-31 20:47:17
in reply to nevent1q…rcxf
Author Public Key
npub1wtfnlhvhvm90lgsgyd6cu82tj3v429y7qkuu54srwzxpefppc2zq3cjjv2Published at
2024-05-31 20:47:17Event JSON
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"created_at": 1717188437,
"kind": 1,
"tags": [
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"root"
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[
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"content": "Simple question here: \n\nIf all this legislation did pass how would that affect how Bitcoiners and folks who want to use Bitcoin in the future? Would they stop using Bitcoin wallets? Would they stop using Bitcoin…? The answer I believe is no. \n\nThe legislation would create a “white market” where exchange would happen “underground”. Innovation towards finding new technologies that can work around the legislation would sky rocket. The legislation would create a never ending game of waak-a-mole. Not to mention this legislation would probably send bitcoin’s exchange rate to the U.S. dollar to the moon! \n\nThe point of my response is to say that NOTHING can stop/regulate Bitcoin. There is no useful reason to give light to all these government/legislative attempts to regulate Bitcoin other than if your the business of announcing these events. If you’re a policy watcher, or you’re paid by a company to make or respond to policy would be the only reasonable explanation for giving these events any attention whatsoever. \n\nStack sats, peace, love…",
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}