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@ Rich Nost
2025-03-01 17:33:41
My real estate agent knows I dropped a few bitcoin down to leapfrog my way into the American Dream. She randomly asked me "So what do you think about the regulatory situation of crypto now?"
"What I think is coming is I what saw in 2014 through 2016, when regulators got caught flat-footed. The dumb ideas and scams seemed endless. But it was insulated to a very small population of weirdos. This time, a lot of people will get hurt. The scams and bad ideas will look very polished and legit. There will be like a new FTX rugging people every week. A lot of crooked people will run away with a lot of naive people's retirements."
"So that's clearly bad. You want more regulation?"
"No, more regulation would slow the integration of bitcoin into the economy."
She just kind of glitched.