Oddbean new post about login | logout I’d be moderately surprised if democrats didn’t go full anti bitcoin now that Trump is (ostensibly) for it. The best we’ll get is “we support financial innovation with sensible regulation”
The whole reason Trump is for it is because some leading Democrats were against it. It's just another issue to be opposed or for because your opponent is opposed or for.
He saw a wedge issue forming early and took advantage, 100%
It's fucking stupid. Bitcoin has aspects that both major political parties should've able to rally behind. Take power away from the state? ✅ Allow unbanned and marginalized people to be included in the financial system? ✅ It's honestly this simple, but we work incredibly hard to make things difficult for us here.
I hear you, and I’d add it kind of further shows how the parties aren’t after what’s in the best interest of people. It’s not all bad— I feel like I’ve moved past believing in politics as the primary driver of change since bitcoin.
This is the way.
Marginalised people being left out of financial systems is a huge issue, most homeless people I've spoken to has expressed a lack of being able to bank as a contributing factor, can't get a house without a bank, can't save money without a bank, can't get a job without a bank, if you only hold cash you're a target for robbery and robbery can deplete you to a much larger degree, a homeless person could memorise the words or store off person, have a QR code on a sign which would even allow use of things like block explorers to "know" they're not a fake homeless person (fairly common in the UK and is a cited reason why a lot don't give ot homeless people) not only that but post covid a much larger amount of people are cashless leading to homeless people getting given a lot less money