EU threatens to ban blockchain technology as we know it, vote on Thursday.

“Crypto bros” are upset, @paultang writes.

Yes, I am. Take 2 minutes to read this thread, and you will be too.

I've also been the "Internet bro" and the "Mobile phone bro".

/1 Blockchain tech is my #3rd rodeo, and it’s the same all-over again.

Where would EU have been today if we had hampered the internet or the 2G/3G/4G/5G revolution?

New FATF crypto regulation:

1) Regulated, centralized companies:
- Survies ✅
- Delists almost all coins
- Stops deposits/withdrawals from wallets

2) Unregulated decentralized projects
- Survies ✅
- Goes underground
- Separate world, no bridge to 1)

(thread) 3) Projects in-between
- Will die 🛑
- Includes most of DeFi

- Lead figure with control? 🛑
- Council? 🛑
- Lead developers? 🛑
- Website owner? 🛑
- VC funding? 🛑

(thread)