RE: SEC Chair Gensler: Clueless About Cryptocurrency

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That's my question. Clueless or corrupt? Perhaps the supply chain tracking should be applied to politics, politicians, and their cash flow relationships?



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Perhaps their corruption keeps them clueless.

Maybe it prevents them from looking at what is really going on.

Posted Using LeoFinance Beta

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Yes indeed, very astute! I believe your observation is likely. It appears to me, that 'They', meaning regulators, are not 'technical' people. They are 'ideological' people. Ideas can easily blind one from seeing the technically accurate details, and at the same time provide seemingly unending justification for 'technically' corrupt behavior.

Technically, there is no going back to what was. The evolution is underway. The cat is out of the bag, so to speak. Perhaps a more accurate analogy is the 'damn has cracked'. The water will now begin to seek it's lowest level at an increasing pace and the compound momentum will eventually lead to a cavalcade of sorts. Try as they might, ideals alone cannot contain a technical reality. Tidal waves do their thing... ;)

Blockchain developers do not answer to the Gary Gensler's of the world nor the SEC.

I'm curious, as well versed as you are, can you point to any decentralized 'on-ramp' / 'off-ramp' projects? Perhaps an article on that? An involved topic for certain. Those ramps are the one 'valve' in the regulatory framework that appear most capable of corrupting the evolution of the free flow of currency. It seems to me that the 'MiamiCoin' is the sort of evolving rendition of decentralized, yet geographically local, on / off 'ramps'.

Very interested to hear your thoughts on that!

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