I don't think people understand how critical crypto is to politics. I hate to say it but it's going to pull a lot of people to the right. I can't defend a 50 page position in 140 characters obviously. But if the western left position = censorship good, then 'right' it is.
Nothing about the current conception of liberalism in the west is compatible with open permissionless crypto. It's just not. The cacophony of conservative backlash is going to pull crypto in as a more connotative socially conservative sphere.
It isn't suppose to be that way, of course, this is what the powers that be want. But if the cost of being socially liberal by the letter of their law is financial exclusion, wage slavery, censorship, people simply will stop being 'woke', once that connection is made.
NFT are the biggest upset to the blue pill narrative I've seen so far. Once these liberal zoomers get regulated to death and it affects their ability to tell the Man to fuck himself with degen trades, they're going to red pill hard. This is just inevitable.
"We need to stop right wing hate speech online with hyper intrusive KYC, so you can't buy low floor dickbuttape club NFT on shady backroom discord" = red pill. Not to mention emotional extortion over climate accusations. Gen Z is going to leave the DNC.
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as usual people lack the legal background to understand 6050I. This will do what I kept saying on reddit for 2 years....It forces non us citizen owner operator dev to force mandatory kyc on all people in the world who use the defi app, if they do not, the US will prosecute and
extradite them on banking secrecy charges like they did Bitmex and Helix. Since the US has horrific regulations, it's a defacto ban on NFT and all of DeFi because nothing can be approved or marketed in the united states, our regulatory system is broken, everyone has to
offer things in an unregulated grey market that avoids kyc to avoid regulation.....This will destroy american retail, and american angel investing, and the profit and utility premise of DeFi which will.....cause a bear market. United states venture capital funding DeFi tokens
Covid pretty much refuted left libertarianism by and large. Hold an idea to the fire and watch it burn I suppose. Hard to be very left of center at all without chucking negative liberties out the window to overton window creep. Super lefty libertarianism doesn't hold up.
Covid mostly refuted anarchism in general. I listened to Yaron Brooks debate Malice on Lex's podcast, and even Randian Minarchism is more functional than anarchy, especially socialist variations.
"Raw unbridled compliance" just isn't easy to defend against other than a viciously negative liberties based liberal court system, of which the US has always had the strongest. Plus crypto is a shitfest of legal complexity requiring negative liberty precedent.
1/n Regulation FUD Super Thread
**regarding recent proposals by the Financial action task force on changing the definition of virtual asset service providers to individuals, multisig key signers, owners, and operators, from "companies" and "custodians" as was defined previously.
2/n **Existing SEC and CFTC Precedent and Laws on Sueing non US citizen for offering products to US citizen**
Some of you may have already seen posts about what the DoJ wants to do with KYC on DeFi.
3/n 1)They are creating the framework to extradite non US citizen for developing anon DeFi smart contract.
2)The US is also the only country that sues and prosecutes non US citizen for offering unlicensed Securities and Commodities to US citizen.