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110 sats \ 0 replies \ @Coinosphere 9 Jun 2023 \ on: Thoughts on Gary Gensler? bitcoin
While I'm an anarchist who wishes the whole govt would just go away, the SEC is one of the, if not the most, ethical and useful 3-letter agencies of the many. It literally exists just to stop unscrupulous thieves from stealing from those who don't know any better.
Gary has been absolutely great at this job, all things considering. He sees through all the shitcoin-generated FUD and we all know that is a neverending battle. He's even smart enough to see that BTC is truly decentralized so it fails the Howey test while most everything else calling itself cRyPt0 would pass easily. Honestly, what more could we ask from someone in his position?
Some of you of course are thinking the letters E, T, and F, no doubt, but that's not his call at all. The SEC just doesn't have that job, but they could hold one up if they smelled foul play. There is no evidence they are doing that to bitcoin.
I think of GG as a bitcoin maximalist who is still at his govt, fiat-paid job for now. One day he'll leave that job and be free to stack all the sats he wants then.