Thank you are for the technical detail here. I've been worried about this ever since Bob Burnett from Ocean said earlier this year that he wanted to create a bitcoin blockspace futures product. He's clearly angling to get the big banks into mining and to also sell them blockspace. He thinks bitcoin blockspace will be a more valuable commodity than bitcoin itself. Banks can do this, but they will be subject to the normal regulations (OFAC, etc.), hence the info shared on this call about Washington DC talking about OFAC compliance.
My 1st point is this: Luke Jr. is a patsy. Follow the money. The money is Ocean/Tether/Cantor Fitzgerald. The gov't ties here are overwhelming now. Look at who is being hired at Tether, as an example.
My 2nd point: This will 100% happen - regulating bitcoin txs. Don't be naive. It's a controversial statement for sure, but there is massive money behind this. Tether is captured (owned by Cantor), and Tether is Ocean's largest customer.
My 3rd point: Bob Burnett's futures product works best if they can predict block fees. This is best done with a censored chain (no spam). Be on the look-out for Bob Burnett's "study" that will soon be released on how to create a bitcoin blockspace futures product. Guaranteed he will be pushing censorship.
2035?? Are you shitting me? You're seriously worried about JPEGs in 2025 preventing node running in 2035 because 128 GB will be too expensive for bitcoiners? What's your 2035 bitcoin target? $2.50?
You are a joke.
@maxkeiser Youโre all getting played. Any kind of censorship is a slippery slope with so much bitcoin being concentrated in institutional hands. Ocean and Tether are making their play for block space. It requires censorship. Beware.
How is @Gemini not embarrassed by this? I'm still waiting on a customer service request from last Thursday and I look up and see most @Gemini employees out of the office. Celebrating no less. Has anyone gone back to the office yet? Clowns.
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Not really. While you are throwing a party for @Gemini , they aren't at work doing their work. They are costing themselves customers. Tell them to go back to work.
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