VinceG

Now we are talking tech. You are in my space John. I don’t comment. I do. My entire career has been people telling me why the companies I started were ridiculous and not needed. Until they found themselves using them. Smart contracts are about 6 years old. Maybe the name isn’t accurate , but the utility is valid. 90 percent of blockchain companies will go broke. 99 percent of tokens will go broke. Just like 99 percent of early internet companies did. 99 percent of the startup companies leveraging LLMs will disappear. But the winners will be game changers. That’s the way tech works. But let’s take this back to the SEC. They aren’t supposed to make judgement calls on whether a technology is valid or investors need protections based on their view of a technology. If they truly are principle based they should be finding ways to enable startups to find funding and support. While protecting investors The country went through more than a decade of falling numbers of companies trading on exchanges. It hurt the economy. It slowed innovation. Congress had to respond by creating exemptions. It’s time for Congress to respond again and modify the exemptions available to this technology so that registration is obvious and the path for exchanges are doable in a way that protects investors and enables the industry to grow. They are not mutually exclusive. While I think many of your criticisms of crypto are very valid , they dont invalidate the impact the industry can have on the economy With all due respect , Crypto Derangement Syndrome is just as big a problem as the crypto maxis over hyping crypto.