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20 sats \ 5 replies \ @Cje95 OP 21 May \ parent \ on: Monumental Crypto Legislation Vote Tomorrow: The Legislation Breakdown bitcoin
Not according to NOAA data. The effects of their decisions have been clear and the mismanagement is significant. Granted they will never beat the granddaddy of them all with the Stalin-caused Ukrainian famine but killing a minimum of 5 million people due to being an idiot with harvests is hard to beat
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0 sats \ 4 replies \ @grayruby 21 May
I am not saying it's a stretch that these decisions have had a major impact on the commodities themselves. I am saying that comparing that to a bunch of crypto nerds voting to slash someone's stake in software network as justification for its status as a commodity is quite a stretch.
I don't care what the regulators call eth. I just don't like the idea that it achieved its status through backdoor dealings rather than honest due process.
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10 sats \ 3 replies \ @Cje95 OP 21 May
Between the two I would say BTC is more of a stretch given it has a set max supply. Commodities do not have that so its why within the standard understanding ETH is the better fit under the current understanding... which is going to change but nonetheless
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0 sats \ 2 replies \ @grayruby 21 May
Every metal and mineral on earth has a max supply.
This argument has gotten so silly I am dropping it.
If you think eth is a commodity, that's your opinion. I firmly disagree.
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10 sats \ 1 reply \ @Cje95 OP 21 May
With the US government and international partners looking to "mine" tritium and all sorts of other metals from space and since it is going to happen sooner than most realize... within the next decade... Earth supply isn't fixed like BTC
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0 sats \ 0 replies \ @grayruby 21 May
Regardless as I said many comments ago dynamic supply is not what makes a commodity a commodity. I don’t know why you keep going to this to justify ETH being a commodity when it is an irrelevant factor. Let’s just agree to disagree.
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