110 sats \ 0 replies \ @nerd2ninja 2 Mar 2023 \ on: How Important are Banks to Bitcoin Today? bitcoin
Nic Carter is
- Shunned from society for being a scammer
- Has bad incentives that would shape his opinion as to make it look like problems with crypto are Bitcoin problems
Here's the signal.
We need people to stop treating Bitcoin as a speculative asset. It is the cause of these hype bubbles that disrespect the ultimate goal of Bitcoin in the first place. A ban on Bitcoin shows its resilience as everything else fails and falls. The people who keep using it during this time will not be treating it as a speculative asset.
Bitcoin communities are forming. When they do, and people see Bitcoin as money as a regular occurrence, they would see a ban on money as an attack on their rights and so will not comply. It will be as normal and pervasive and ignoring the law in the US on piracy or marijuana.
Crypto will die because they were only ever scams anyway and nobody is going to care about those scams so much as to break the law in this regular and pervasive way.