0 sats \ 1 reply \ @elvismercury OP 30 Nov 2023 \ parent \ on: Cycles and inevitability bitcoin
Seems like a very short-sighted plan, but some people deserve a little profit taking given the effects of all the many fiat shenanigans over the years. I
I am firmly against moral grandstanding against people using their money like ... money. If you want to spend some dough to improve your circumstances, do it. That's what it's for.
Operation Chokepoint 2.0: who's going to want to jump through extra hoops to "correctly" hold this asset? If the feds are coming down hard on "crypto", that might bleed into the SEC's actions and kiss both of those avenues for a mainstream pump goodbye.
Meaning: this is a thing that could get in the way of the next cycle playing out like most of us expect?
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0 sats \ 0 replies \ @_stacktoshi 1 Dec 2023
Correct. If the chokehold ramps up, then there will just be fewer bidders for new and existing bitcoin.
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