Topic: Sen. Elizabeth Warren wants more regulation, doesn't think bitcoin is a hedge (Read 315 times)

She’s just another in a long line of misinformed, uneducated boomers who are desperately trying to protect the status quo. Bitcoin has faced much stronger FUD than Elizabeth Warren & prevailed. These people hate bitcoin because it empowers the people and strips them of their monopoly on world finance.

This boomer will kneel before us.

This is what politicians do to make regulations that will harm many bitcoin investors by passing regulations that prohibit the circulation of crypto currency in various countries, especially so that investors can later be jailed according to what they want to plan, but this is not easy because investors do not violate the law so they are free to conduct their business according to their respective abilities, maybe we can say this is just a joke about it

That means that if the government doesn't have any stake on it, they won't be supporting those things from existing. I think the reason that this politicians are doing this because some people in some companies probably have asked or loobied these politicians to make regulations that is going to be bad for their competition which is bitcoin and other cryptocurrencies.

It simply doesn't make sense for her to be against central authorities with huge power(she seem to have Bezos on her cross hairs) but at the same time hate decentralization. Like what.

They are all the same. The very system that they grew old had produced people only want people to be poor all the time so they could control them.  Its not going to be far fetch to see her suggestion bitcoin holders to be  jailed.

The senate hearing lately had invited Filecoin team member,  they must be terified with the idea of files that can't be taken down from the internet pages.

She’s just another in a long line of misinformed, uneducated boomers who are desperately trying to protect the status quo. Bitcoin has faced much stronger FUD than Elizabeth Warren & prevailed. These people hate bitcoin because it empowers the people and strips them of their monopoly on world finance.

This boomer will kneel before us.

"Sen. Elizabeth Warren shoots down a key reason investors buy bitcoin, calls for tighter regulation."  (see https://www.cnbc.com/2021/07/28/sen-elizabeth-warren-doubts-bitcoin-as-inflation-hedge-wants-tighter-regulation.html)

Did anyone think an autocrat like Warren would do anything except call for "tighter regulation"?  She doesn't like freedom, she doesn't want people to be able to control their lives, and she doesn't like privacy.  In short, she is an authoritarian, autocratic thug who loves the power that comes with the socialist/fascist/communist mentality where she commands people to behave exactly how she wants.  She wants freedom for herself and her autocratic buddies to debase the currency without any independent escape hatch to allow people to protect themselves from her misguided policies.

She is also an idiot: "Look at what’s happened in the high volatility in the price of these things,” the Massachusetts Democrat said.  Yeah, anyone who bought it for inflation protection at any point until April 2021 has been well protected against inflation.  Volatility is not risk.  Over a more than a few month time horizon, bitcoin has been phenomenal.  Anyone who listened it fools like Warren has missed out on a tremendous investment.  And if history rhymes, then we still have 1 or 2 (maybe 3) orders of magnitude to go before bitcoin reaches a point of fiat price stability.

Comments like her's are woefully ignorant: Warren, disagreed with “crypto coins are not going to have their own inflationary pressures” and 'she countered such a notion, saying inflation “may come from a different source than what happens with dollars."'   Bitcoin will not have inflationary pressure as anyone with even the most basic understanding of bitcoin would understand.

I still wonder about the obvious limited intelligence of the people who keep electing her.

Politicians are pushing for strict regulations to so called "protect" people from "risky" volatile assets. But yet, people are totally free to take part in lotteries. LOL

Here we have an interesting development. Democrats like Elizabeth Warren in the US are pushing for more restrictive cryptocurrency regulation.

While republicans in florida, texas and around the world are embracing cryptocurrencies, and passing laws to recognize them as legal tender.

Would state sovereignty allow florida, texas and other US states to escape SEC regulation on cryptocurrencies should the two conflict.

If democrat states mandate bans on bitcoin and cryptocurrencies, could it trigger an even larger mass exodus from bitcoin unfriendly blue states, to bitcoin friendly red states.

inflation may come from a different source than what happens with dollars

The idea that they’re somehow a protection or a hedge, I don’t think that’s going to be borne out over time

US, as a country is full of surprises and a lot of diversity. While the Mayor of Miami is going all in to make bitcoin as a legal payment system in his state, a senator from Massachusetts is arguing against it. But since it's a free country, everyone has the right to speak up on their belief. So she is just speaking up on her own belief about cryptocurrencies, especially bitcoin! But it seems we are immune to such bullshits coming from a lesser known politician.

That's a real threat in the crypto market today. We have already seen such drama from Jemie Dimon or Warren Buffet or even Elon Musk. Now we should start being immune to their comments and views on crypto market. Otherwise such endless game of influence will continue to happen!