So, China today announced for the 458th time that they’re outright banning the use of crypto within the country – fair enough, I think they’ve got their point across.
Banks, well, I think it’s obvious why they’re bound to rub crypto advocates the wrong way – limiting access to and use of their customers’ funds arbitrarily, condemning crypto for doing what they’ve been doing for 100 years and to a much greater degree; charging excessive fees, laughable interest rates and, by christ, it’s difficult to find a decent parking spot close by.
The SEC…hmmm…give me a sec…oh, yeah! They help the banks and maintain the status quo – would probably advocate for feudalism if their overlords requested it of them. Oh, but wait, they’ve got Gary Gensler now – the old Genny boy MIT graduate crypto aficionado – he’s going to turn it all around, finally bring the public to see crypto for what it is…What’s that, Gary? No more staking? Well, fuck!
What else gets your goat, cryptoland?