[metta]

<b itemprop=”headline” elementtiming=”TTVR.ViewsContentHeader”>Biden’s SEC is ready to regulate cryptocurrency

<b itemprop=”headline” elementtiming=”TTVR.ViewsContentHeader”>https://www.msn.com/en-us/money/markets/biden-s-sec-is-ready-to-regulate-cryptocurrency/ar-AAOgSBd

[metta]

India announces bill to ban cryptocurrencies

https://www.bbc.com/news/technology-59402310

https://www.france24.com/en/live-news/20211123-india-announces-bill-to-ban-cryptocurrencies

[Unknown Member]

I have Bitcoin and Ethereum. Will be interesting to see if they continue climbing. They have been pretty unexciting lately

[metta]

Be especially careful with NFT’s

[metta]

New bill would hand Treasury blank check to ban crypto at exchanges

And not just crypto. Provision in the America COMPETES Act would allow Treasury to secretly prohibit any kind of transaction it deems a “concern” without any public notice or input.

https://www.coincenter.org/new-bill-would-hand-treasury-blank-check-to-ban-crypto-at-exchanges/

[BlackFitSenior]

EXACTLY.

The SEC has stepped in at once to deny the average citizen any cryptocurrency investment/interest opportunities. For instance, BlockFi in New Jersey. It offered its patrons up to 8% annual COMPOUNDED interest on crypto placed in their accounts. The SEC sanctioned them because this act directly competes with traditional banks.

https://techcrunch.com/2022/02/14/what-blockfis-100m-settlement-with-the-sec-means-for-future-of-defi-lending/

The SEC immediately stopped BlockFi from allowing deposits into interest-bearing accounts–UNLESS the account holders is an “accredited investor”.

Right now, the cryptocurrency industry is still very young and there remain opportunities for the average person but it’s the intent of the US government to systematically block them until US citizens are denied all opportunities by default.

[Unknown Member]

This administration is not for We The People and they are sneaky fucks

[Sumpter]

How does one “ban” bitcoin? Any details?

It seems like it would be like trying to ban barter exchange.

In practice it’s not really possible.

[BlackFitSenior]

By denying access to any crypto platform (like Coinbase) in your country and providing no way to convert bitcoin into a spendable form. A country’s government applies pressure to outside platforms, threatens to impose sanctions if they do business with their citizens–EXCEPT for “accredited investors”. All platforms and exchanges then block citizens from those undesirable countries.

[BlackFitSenior]

I do not have any “favorite” crypto, I just want some balanced diversity in my finances.

I signed up with Uphold.com, a US-based platform that lets me hold wallets in 20+ fiat country currencies, as well as 75+ different crypto coins/tokens, plus digital palladium, platinum, silver and gold.

ALL are spendable and ALL can be immediately converted into each other. For US members, a free Mastercard debit card is available.

I like holding many different currencies at once. If suddenly China or Russia finds a way to devalue the Euro or the US dollar, I will already have alternative monetary value and can convert my US dollars to something else (gold, for instance) and make that my standard.

[BlackFitSenior]

“I have Bitcoin and Ethereum. Will be interesting to see if they continue climbing. They have been pretty unexciting lately”

It might be a good idea to think about crypto (and the emergence of new tokens/coins) as a growing new infrastructure in an evolving future economy. For instance, Solana.

“Solana is an open source blockchain crypto that uses several new technologies to create a decentralized market platform to make scalable and fast applications – decentralized apps (dApps).”

[metta]

<div>When the electricity price is low, miners hash.

When the electricity price spikes, miners turn off.

Demand-response reduces grid stress at peak times.
</div>

https://twitter.com/BitcoinPierre/status/1660753146862346242

In red below is #bitcoin miner electricity consumption, blue is the price of electricity.

When the electricity price is low, miners hash.

When the electricity price spikes, miners turn off.

Demand-response reduces grid stress at peak times.

From https://t.co/6XL19rOWvp pic.twitter.com/nlgiEp5I8j

— Pierre Rochard (@BitcoinPierre) May 22, 2023