If
#Bitcoin
can be defeated by the SEC then it deserves to fail.
I truly believe
#Bitcoin
is up to the test.
But if it were to fail, I will financially die on this hill.
In the rubble, I will survive. But my hope for humanity and my descendants will be irreparably broken.
Even if they removed all the on and off ramps.
Even if they made it a crime to use it.
I believe
#Bitcoin
would still be used. It would still thrive.
And that hypothetical "War on
#Bitcoin
" would inevitably fail too.
@sarah_nakamoto
I agree.
Personally, I think like every recent event in last year with Terra Luna, FTX, the bank failures, Binance it will only empower
#Bitcoin
. Those empires were parasites on
#Bitcoin
in a bull market, and as fast as they arrived,
#Bitcoin
shook them off.
@EricOfRivia
There is nothing for the
@SECGov
to go after, they've said it is an asset, a commodity, there's no "there" there...
#BTC
is like a house, or land, or gold & silver.
Also; how tf would they go after it? 😂 Satoshi was a genius who knew the gov would try to destroy ir. Impossible.
@Scavacini777
@SECGov
The same way they go after a house, or land, or any asset.
Tax your ownership of it. But unlike all those other things, it's damn near impossible to tax
#Bitcoin
ownership.
With that new ability established, it makes everyone realize why they're taxed for their assets at all.
@EricOfRivia
Be specific. What is "Bitcoin can be defeated". What do you mean by defeat?
If it's "big funds and companies can't hold it on their balance sheet" - it just slows the adoption.
If you mean "private persons won't be allowed to hold it" then it's practically impossible
If you…
@MadisIT
I don't have any idea how it would be defeated.
I didn't even necessarily mean if it were defeated by the SEC.
I just meant defeated in general.
All the crypto people are basically saying goodbye to their cryptos already.
What Im saying is
#Bitcoin
isn't so easily abandoned
@EricOfRivia
I'm with you on that hill.
I have held btc for 10 years. Went through the "first they ignore you" and the "then they laugh at you" phases, waiting patiently for the "then they fight you" phase. And now, finally, it is here.
Now we see if we make it to "and then they join you".