God Of Kahneman's twitter feed - more SEC BS

[HAL1000]

And now Wrath

It seems very clear that the SEC and its officials couldn't tell you what is or isn't a security in the crypto space, so of course EVERYONE else should have known and come in and registered with them, just on the off chance the SEC change their mind. What a load of BS, as Stuart Alderoty Tweeted:-

The crypto INDUSTRY is the future of finance and payments, to think the SEC are standing in the way of it in America, I liken to a man standing on a beach waving his arms at an incoming Tsunami and hoping it will magically go away or in this case regulated / taxed away. If the banks and incumbents want to stay relevant, then they had better get with it fast, because the rest of the world ain't going to wait for the USA and big money globally will drain out of the US fast, if better returns etc are offered by new non US fintechs.

The Stupid Enforcement Clowns are making it up as they go, this industry deserves better than the SEC in the USA and if it doesn't get it, then the rest of the world won't care, and it will leave America's future potential as a leader in this space, absolutely decimated by the actions of a corrupt few and their puppeteers

[JASCoder]

Funny thing is… 

Quote

“I think the big winner of the Congressional hearings is Bitcoin. It’s pretty clear that there’s consensus at the Congressional level in support of crypto. It’s pretty clear that investors want to invest in the new digital economy.

Bitcoin’s universally acknowledged as common property and not a security, so there’s no regulatory overhang on Bitcoin. 

If you want digital property as a long-term store of value, then every nation in the world – China, Europe, the United States – they all acknowledge that Bitcoin is digital property. It’s not a security.”

-MicroStrategy CEO Michael Saylor 

[BillyOckham]

3 hours ago, JASCoder said:

Funny thing is… 

-MicroStrategy CEO Michael Saylor 

This is like watching a bunch of monkeys opening a box of hand tools and throw them away while playing with the box.

 

Bitcoin is a car with solid rubber tires and no suspension .  There are far better vehicles around but the monkeys prefer the one they already heard of and know about.

 

Best tech doesn’t win.  Best PR does.  So frustrating.

 

[JASCoder]

13 hours ago, BillyOckham said:

Best tech doesn’t win.  Best PR does.  So frustrating.

Your observation reminds me of my resistance to sticking with the Lynx (non-graphical) browser, not bothering to installing that fancy new Mosaic one written by some college guy… Marc something.

lol

oh, and stubbornly sticking with my old Blackberry until it finally stopped working.

iirc there was over 20 search engines before Yahoo acquired Inktomi - which went from a $25 billion valuation to near zero in a year. 

Edited December 12, 2021 by JASCoder