1/ A quick update on the NYS anti-crypto bill:
It passed the Assembly tonight. An unfortunate outcome, but we’re grateful to the champions who advocated for a rational, progressive, and innovative approach to crypto in NY.
🚨 1/ The NYS legislature is preparing to ban PoW mining…we’re calling on all pro-tech, pro-innovation, pro-crypto NYS residents to make their voices heard. 🚨
Tweet and email your assembly member via the link below 👇
https://t.co/N50iLJO3To
People saying Bitcoin is just replacing gold, total miss the big mark.
This is ALL about bonds.
Good luck convince the people owning 100 trillion in bonds - which yield nothing - to keep holding when their future face value & coupons are locked in fixed fiat “value”.
But professor...
When you told me #Bitcoin was a Ponzi scheme you left out the part about the four-year halving cycle and two-week difficulty adjustment...
How does that work?
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#Bitcoin is not a currency, nor is it a payment network. It is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple, & secure savings account to billions of people that don’t have the option or desire to run their own hedge fund.