Oddbean new post about login | logout Bitcoin showed if you lie like FTX and SBF did, you will be financially punished Bitcoin worked
Many more will try - many more will fail. Warren and banking establishment backing her are only today’s SBF’s.
yes but what stops Warren & co given they get to decide rules of the game and how it’s played?
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If they could decide, then bitcoin would not be decentralized and secure. They only decide for themselves and those who believe they decide. And time will prove that.
It's going to be fun to watch, Warren and the Bankers, when they find out just how much power they really have It's going to be a 5 Stage of Grief humbling experience for them
They can't stop Bitcoin but they will influence how people use it. The Bitcoin network relies on businesses for it's infrastructure, users rely on mining pools, LSPs, custodians... All regiter businesses who will follow the laws and regulations, and so will their customers.