I had an interesting email exchange yesterday with a Gold dealer. He had written an article published on ZeroHedge. Basically, he was claiming the recent suits against Coinbase & Binance was the end of crypto including bitcoin. (I'm all in favor of $hitcoins going away) I wrote to him providing some rebuttal to his claims but without much success. I mentioned to him that he didn't really understand bitcoin all that much. In one email exchange he even said, "You and I could take one BTC and create a token that subdivides it into a trillion child BTC." LOL I understand the guy sells gold and is promoting it. Fair enough, but to write such a blatantly disingenuous and ignorant article was shocking to me. However, in our private email exchange it was clear from his remarks that he didn't understand BTC much at all. Some of his other comments to me about BTC were pure fiction! I later thought, would I buy Gold from this guy? Not on your life. I wished him a nice weekend and moved on. Bottom line: it's hard to introduce many or even most people to BTC. Most people (like me) have to find BTC on their own. I introduced BTC to myself and down the rabbet hole I went.
Reading the tea leaves of what the SEC is trying to do could be a full time job…I do think they are (finally) trying to clean up the “crypto” space, so shitcoins may finally die.
All I know is that Bitcoin could be slowed by cracking down on exchanges, but it couldn’t be stopped, that’s what is missing from your guys argument, that missing piece of knowledge.
I had an interesting email exchange yesterday with a Gold dealer. He had written an article published on ZeroHedge. Basically, he was claiming the recent suits against Coinbase & Binance was the end of crypto including bitcoin. (I'm all in favor of $hitcoins going away) I wrote to him providing some rebuttal to his claims but without much success. I mentioned to him that he didn't really understand bitcoin all that much. In one email exchange he even said, "You and I could take one BTC and create a token that subdivides it into a trillion child BTC." LOL I understand the guy sells gold and is promoting it. Fair enough, but to write such a blatantly disingenuous and ignorant article was shocking to me. However, in our private email exchange it was clear from his remarks that he didn't understand BTC much at all. Some of his other comments to me about BTC were pure fiction! I later thought, would I buy Gold from this guy? Not on your life. I wished him a nice weekend and moved on. Bottom line: it's hard to introduce many or even most people to BTC. Most people (like me) have to find BTC on their own. I introduced BTC to myself and down the rabbet hole I went.
Reading the tea leaves of what the SEC is trying to do could be a full time job…I do think they are (finally) trying to clean up the “crypto” space, so shitcoins may finally die.
All I know is that Bitcoin could be slowed by cracking down on exchanges, but it couldn’t be stopped, that’s what is missing from your guys argument, that missing piece of knowledge.