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by meowkit
1287 days ago
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> Bitcoin is a commodity, ETH & all of crypto is just (unregistered) securities lying/pretending to be commodities. Here's the problem with this: Bitcoin doesn't exist below a society - its not independent of a functioning system made up of economic agents. Wheat and salt will continue to exist without human action. And you've got it backwards: securities are just government and institution approved tokens existing on a consensus network. Some of us believe this consensus network is corrupt and should be rebuilt into something a bit more open source. |
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Bitcoin is pretty much orthogonal to government control. Especially bitcoin with its completely open transaction history.