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"It is like the greatest performing financial asset during that time, and regulators - particularly the SEC in the US - prevented normal retail individuals from buying it with their equity portfolios,"
"I can understand the SEC not approving something a year into it being new, but we're into year 15 and millions percent of appreciation happened and that was all precluded from anyone other than the radicals who went out past the normal equity systems and did the work themselves."
Bars.
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Sigh. If you guys think the US / SEC is bad with this sort of thing, the UK's regulation will make you want to blow your brains out.
You amerimutts really have it good compared to us britbongs.
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"normal retail individuals" need to get their shit together
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Voorhees is a really strange one - really gets Bitcoin and when he discussed it there's usually deep knowledge backing his comments. Yet completely unable to avoid the incentives of shitcoining.
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The way I understand his actions over the years is that he's looking for where to extract maximum value (SatoshiDice) and at the same time push against any fragility that Bitcoin has (shitcoining). He's eloquent, brave, and at times frustrating, but an asset to those who love freedom.
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I heard that you can't truley understand freedom, until you understand Voorhees.
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Calm down Erik. People got a chance to front run the institutions. While the SEC circle jerked I hodled. No 401k plan is going to add a Bitcoin ETF anyway because it’s considered high risk and would fail most governance boards’ fiduciary responsibilities. 401ks are where the majority of average people invest. Then there’s all the counter party risk over the last 15 years with these dumb exchanges.
Go outside and scream at the sun because it’s hot.
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He's pointing out the failures of the state.
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