The new currency that's backed by the old currency and uses a shit ton more electricity. What a time to be alive.
Oh and by the way, crypto users... the coins they'll be promoting won't be yours. They won't be pushing for clear SEC categorization or lower taxes. They'll be helping insiders, and you're on the outside.
Coinbase made their first attempt to consolidate power with the New York Agreement. This is their next attempt, now with regulatory capture.
Republicans are offering you financial freedom that you already have without their permission.
Crypto billionaires are billionaires “on paper.” By that, I mean, they can’t get their money OUT of crypto unless millions of people buy INTO crypto. So, of course, they are trying to mainstream it.
They need suckers to hold their bags
It's just another form of Ponzi Scheme.
Weird that the anti crime criminal is promoting crime coin, or not weird at all. Republican party has for years campaigned on fires they started (see debt, immigration, economy, etc)
I guess supporting something whose only legitimate uses are digital theft, money laundering, and buying human trafficking victims are their way of ensuring cartels won't ever stop existing
You mean money launderers, criminals, and foreign governments are openly spending more than any other industry?
Wasn't crypto a scam?
"Wasn't" implies it was and has changed. It was, and still is a scam.
It isn't, it's a technology. People use that technology to scam.
Same as phone calls aren't scans and email aren't scans but people can use them to scam.
Crypto has a purpose, just one that doesn't apply to many people.
We'll find that use case any day now. The one that isn't enabling crime, that is.
Ehhhh... Kinda. It's like asking if BitTorrent or Usenet is piracy. Technically crypto isn't a scam, but that's mainly what it gets used for.
Oh yeah, Paris Marx covered this on his Tech Won't Save Us Podcast with Writer and Crypto Skeptic Molly White.
Not that it needs bearing repeating, but Fuck All Crypto Bros.
This is embarrassing. Currency should never be an industry in the first place.
Jesus fuck, Citizens United needs to be reversed almost as much as Roe v Wade.
Funny that some cryptobros still think bitcoin is the currency of the people. That shit is controlled by the rich as well, including the banks that they claimed would be left out of the "crypto revolution".
Yeah.. and they get to use other people's money while doing it. Crypto is great.
What, you don't like unregulated banks who don't actually provide any useful services?
Hey now... money laundering is a useful service to people in certain professions.
Obligatory shoutout to Molly White.
She does a fantastic job in reporting about this, from launching a website to track the crypto industry spending on politics to catching Coinbase red-handed and reporting them.
incredible that this thing that in my childhood didn't even exist yet and in my teen years was a fairly revolutionary and subversive idea has turned into an actual industry trying to influence elections
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