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RE: Uptober Liquidation Rampage

in LeoFinance4 months ago

I won't enjoy it.
But I will concede that you're probably right that Harris won't do much of anything good for crypto. The specifics of what she will do or not do or allow to happen though, I am unsure about.
I am not privy to those dark decisions.
I don't think either will necessarily be good for crypto, as Trump is entirely unpredictable.

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crypto is an anti establishment technology it's arguably good for crypto if the establishment opposes it. We dont want them to coopt or embrace it... but blackrock already has so the rest will fall in line

Blackrock is arguably one of the worst. And it wouldn't be a tough argument.
I definitely don't want them running crypto. But I also don't like them making it hard for us to exist. I don't like them acting like it's the same as their speculative assets either. It's very clearly something different.

Luckily Blackrock doesn't know what they are doing yet and they will fumble through the first cycle.
If we are very lucky they fuck around and find out and get absolutely crushed by the bear market.

Oh! That would be good!
But they're already in, so if we're unlucky they become Skynet or OCP.