magicturtle

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$TRUMP and $MELANIA are bearish for $BTC because they reveal the scam inherent in all cryptocurrencies. You invent a new form money, and YOU get to start out with 100% of it? Or rather, as an early adopter, you get the privilege of minting it at a much lower cost than everyone else will eventually have to pay to mint it? What kind of scam is that? It's capitalist wealth accrual completely divorced from any kind of value creation. A way to get rich without having to contribute anything or make anyone's life any better. All you have to do is convince other people that they'll get rich too, if they buy your made-up thing and extend the absurd game that you're playing. If that's what people think capitalism is, better watch out, because the socialists are eventually going to win. On a practical level, the circus around these shitcoins is going to make it harder to get the full GOP House to vote for a Strategic Bitcoin Reserve. Remember, all it takes is for 3 people out of 220 to decide that they don't want to permanently etch their name onto the scam, and it will get tabled.

Many prominent CT voices are calling the end of 4 year cycle paradigm for crypto End of an era?

listening to this makes eth go up, true story