RE: How America is Losing the Bitcoin Arms Race
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Coinbase announced they are expanding their international operations because they see that is where the growth will come from. The United States is not losing the arms race...it is already lost.
Things move so quickly, when there is a new technology, the early adopters get out in front. No matter how fast the trailers move, they simply cannot catch up because the front runners keep advancing at the same speed.
The United States is married to the bankers and that will be its downfall. Approaching the 21st century with rules that were established in the 20th century is not a smart idea.
But what can we expect when the political leaders are fossils born before color television was mainstream.
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Yeah I've been reading a lot lately about how companies like Coinbase are taking their focus and shifting away from the U.S. market and toward the international ones.
Over the past few years, many crypto companies have been trying and failing to get products/listings/etc approved by US regulators and its inevitable that they'll go to greener pastures. The Winklevoss twins are another example of getting swatted away by regulators as they've tried and failed to get approval on several different Bitcoin ETF listings.
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