Back

@molly0xfff @politico hey, give both sides, what else do you want? Sheesh!

@molly0xfff @politico

I have a very high confidence that criminals will commit crimes.

Any similarity with my confidence in the crypto industry would be random chance

@molly0xfff @politico I've always found it... interesting... that the finance industry is such a big backer of the Democratic party. I mean, capital finance is not a traditional constituent of the Democratic party since (at latest) the New Deal, and this only changed when Clinton took the unions for granted, embraced the WTO and signed NAFTA. Will a resurgent labor movement be able to, er, "refinance" the Democratic party? Will the Democratic party be *willing* to take that money instead?

@molly0xfff @politico I'm sure it's true saying that crypto ownership is higher among younger people, as tech savviness and lack of financial experience are prerequisities.

I struggle to find out how they come up with ownership being higher in communities of color, since almost every crypto bro I know is a white guy.

Did they say "there are more crypto holders in Los Angeles than Lincoln, Nebraska. L.A. has higher percentage of people of POCs therefore it's a community of color"?

@molly0xfff @politico

Can't we just go back to Powerball lotteries?

@molly0xfff @politico that poll released by the Blockchain Assoc. is interesting in that it doesn’t really support their narrative:

https://theblockchainassociation.org/wp-content/uploads/2024/05/DCG_HarrisPoll-Research-Report.pdf

- 69% of respondents had a negative view of cryptocurrency
- Roughly half would be more likely to invest if there were gov’t protection (not sure how you do that if CODE is LAW)
- Only 41% say crypto “a new way towards financial security and prosperity”, and 35% think it’s “the future of transacting”.

@molly0xfff @politico Hilariously naive take from politico. Regardless of how many people use it (a vanishingly small number), there's no political constituency for crypto scams and money laundering.