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Tesla just demonstrated its AGI robot. It can be trained by videos and perform the trained tasks. Sure, it only performs simple tasks, but it鈥檚 not hard to imagine that it will someday be trained by the State with War footage to perform unspeakable acts. When it鈥檚 released, it must be hacked.
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So few people are using Eth that it has become inflationary. That will make fewer people want to use it, which will lead to higher inflation. It鈥檚 the beginning of an inflationary spiral. The only hope Eth has is their affinity scam. Eth fanatics have to hope a bitcoin bull market will pull Eth out of an inflationary spiral.
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There is no empirical evidence that the security budget will ever be an issue. The trends show that even though issuance decreases over time, the hash rate increases. Even when price decreases, the hash rate increases. The talk seems very similar to the 鈥渄eath spiral鈥 FUD. It always seems to be brought up by ETH bag holders in order to justify their bad life choices. The talk overlooks the complexity of mining as a business, and how miners will adapt. Even when miners live off fees alone, wasted energy will be nearly free. Few miners will shut down when energy is free, even when fees are the only block reward. Satoshi developed a durable system.
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The 鈥24-25 run will be massive. Today鈥檚 pop will be nothing in comparison. We are seeing incredibly cheap sats.
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The way this bill is constructed, commingling of customer funds is is allowed. The shitcoin industry is trying to push this through via donations.
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The US Congress is meeting over a pro-crypto bill today. It doesn鈥檛 sound as bipartisan as others are making it out to be. If this version is passed, shitcoins will likely proliferate and gain a pathway to being classified as a commodity. Here鈥檚 a recipient of SBF donations criticizing the bill.
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Bitcoiners are being courted by US Presidential candidates. Today, Kennedy announces that he wants to back the USD with gold, silver, bitcoin鈥nd waive capital gains tax on bitcoin. Today, Vivek now says he will pardon Ross on day 1 of his presidency (after studying the case and meeting with Ross鈥 mother).
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All the shitcoiners are excited, but the court didn鈥檛 decide on whether secondary market sales of XRP were securities.
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Despite this, the SEC approved future ETFs and a 2x leveraged ETF. The BlackRock-Coinbase axis will need to address these concerns AND Grayscale will need to win their lawsuit against the SEC.
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Here鈥檚 one reason why the current crop of spot ETFs may be denied. This is Gensler鈥檚 general response to a question about the current ETF filings:
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Amazon Prime Day is a scam. I was watching 7 items prior to prime day. Most of the items didn鈥檛 change in price. One item decreased in price by 1% but it said it was 27% off. What a scam.
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