Main reflection every time I go to DC:
It is astonishing how much damage the term “crypto” has done as a one size fits all category
The worst altcoin scam promoters are lumped in THE SAME meetings and treated with the same cordiality with Bitcoin miners and stablecoin issuers. All the time.
Congressmen and women scammed by SBF are weary of “crypto” - and they are right!
We need to be specific
“Crypto council” type constructs are silly. Why should Bitcoin miners have to share a table and discuss fart coin? Completely unrelated to what they do
Huge respect to BPI for pushing in this direction, their name alone means and does a lot
There should be Bitcoin meetings, legislation, working groups etc which exclude affinity scammers or anyone not working on Bitcoin
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Remember "crypto" is a scam because you can't buy anything with it whereas "Bitcoin" is a scam because you can't buy anything with it either.
I buy a lot of things with bitcoin
Maybe you can’t buy anything with it, but that’s on you
I buy things with it every day
I pay rent with bitcoin
Crypto is a scam cause it’s made out of thin air by con men
Is that what your waiting for? Someone on the TV to tell you it's accepted at your state run grocery store?
Good.
Yes?
I'm waiting?
And where's that state run grocery store also. I'd be happy for any grocery store to accept it, state run or not.
BPI’s naming game is chef’s kiss—specificity cuts through the noise. Meanwhile, ‘crypto’ lobbyists out here playing musical chairs with scams. If only Congress reserved boats for sale for actual Bitcoin builders. Anchors aweigh, fraudsters!
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Unfortunately people like David Sacks and even the president are shitcoin scammers.
Boo-hoo! "Govern n regulate me harder, daddy"
In a free and open market, I can shitcoin, if I want to.
Sure. But please don’t affinity scam into Bitcoin
Scammers are a nuisance for all.
It's sensible to squash them with extreme prejudice (and also run Knots, not Core).
Anything else that is a legitimate market contender, let them prove their worth.
Bring it on, innovators!
There will always be scams. And to whine, that the biggest scammer - the government, is into scams, is just either naive, or malicious, because is giving validity to these corrupt people i.e. the government.
"dear government, please give me special treatment and regulate my competition out of existence"
ah yes very cypherpunk of you
A lot of smooth brains in the comments here.
Who did SBF donate to before he got screwed by him?
This is my constant battle with folks I care about - they can't see the garden beyond the weeds...
Miners will mine anything for more dollars, they typically are not Bitcoin Maximalist but rather Fiat Maximalist.
