>Which makes me think perhaps the only point of floating this rumor was to make the dip happen in order to manipulate the market and potentially even engage in insider trading during a time when everyone was saying the price was going to crash anyway. Well played if so.

Gotcha... 

>It turns peer-to-peer currency into exactly the opposite, and that's what regulators want: to track and control everything.

Indeed they're trying and that's why they're working so hard on these damn CBDCs. 

>Other on/off ramps to crypto/fiat are going to emerge. The crypto gig economy is coming where 'employees' will get paid directly in crypto. More and more crypto users will stop exiting to fiat altogether as products/services are paid for directly in the native currency.

Something I'm very eager about. I am also thinking to ditch my bank account and only use Revolut and probably some visa crypto to fiat card.

Bottom line I don't like this bald guy from Coinbase and you gave a little hopium for my LTC holdings. I will stick to my plan with crypto and expecting the peak for BTC to occur sometime in October or November 2021.   



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/re-edicted-kp4rj)

> All we have to do is hold and we win.

Or sell at the start of the manipulation and buy when we think is a lowpoint. Even better for us.

---

There are also decentralized exchanges and if they are banned in the USA, just use a VPN. Need some fiat? Use localbitcoins. There are so many ways to avoid every measures that is put in. :)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@alexvan/re-edicted-3jdqzx)

The sad thing about that last meme there, is that there is no worn path around the barrier.

Buy on rumours and sell on news, this is a strategy well known in stocks market but might work also in the cryptocurrencies space. While it is too high for me to buy Bitcoin in this period, I bought some Ethereum at around $500 and wait to see if it will bounce back how most of us are expecting. If not probably it will translate into a medium to long investment, but nevertheless no sell on lose for this kind of investment.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@behiver/re-edicted-4gw5mt)

Good one
I wish it had included Bryan Armstrong's obvious personal motivation:
https://www.coindesk.com/coinbase-analytics-blockchain-analysis-crypto-government

He's happy to voluntarily regulate, track everyone's movements, and sell that data to the US government. Massive KYC action would take a huge bite out of his analytics business

You're right, at the end let the manipulators manipulation, it wouldn't hold that much. Most of these regulations can be laughable but then there really wouldn't be that big enough reason to make bitcoin and Crypto a culpable scape goat. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@josediccus/re-edicted-68t3wf)

A bit off topic but that long chain of Tweets clearly demonstrates the need/demand for platform LIKE THIS.  By the looks of all those 'likes', consumers clearly don't mind reading complex thought processes that require more than two sentences; long form content, but sitting around waiting for the next *thought* is a severe pain in the ass.

And on topic, yes, of course the media plays a role in directing minds to make decisions.  Often I'll watch the crypto crowd hype what they want to happen next but the message is always between the lines somewhere.  It's the same with all media and any topic really.  In politics, science, entertainment.  It's everywhere.  *Movies and games were huge hits according to the media, weeks before they even get released...* 

I agree that requiring KYC only on a single address is completely useless. But what the US government could do is force every exchange under its jurisdiction to only accept transfers form whitelisted addresses. For an address to be whitelisted it would have to be KYC'd and its entire history would have to be free from any interactions with un-KYC'd addresses. 

Then the only way to convert balances in non-whitelisted addresses into fiat in the US would be to use them for buying mining power from a foreign pool than accepts coins not whitelisted by US regulators. Of course, the US government could blacklist any addresses used by that mining pool to block that loophole but it is unlikely that they could blacklist all loopholes at once.

I discussed regulating DeFi in my latest post. There's more to that if you're interested.





Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@reonarudo/re-edicted-71z2yb)

They will no doubt try and make examples out of some people. The solution is to go anonymous or look for safety in numbers. If every DeFi developer goes satoshi nakamoto and releases their code from behind the veil of anonymity, then who are they going to attack? In case of anything decentralized, it doesn't matter who wrote the code as long as it's out there for anyone to verify.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@reonarudo/re-edicted-7cbzvk)

This is a great post, and this is a golden nugget:
>So many good points made.
I don't even like this guy, but he is really laying it all out on the table.
You can't KYC a smart-contract.
You can't KYC the unbanked.
Businesses don't require KYC, they are public.
DeFi tech does not merge with KYC.
KYC on non-fungible tokens is ridiculous.
Includes gaming and social media.
Privacy is important, centralized hacks are a threat.
Added friction crushes innovation.
This cuts off America from abundance tech.
Parallels to early Internet are obvious.

Great Points, and this one wins the golden nugget award:
> There's a reason why Bitcoin was deemed "not a security". It's impossible to regulate, so why even try. Adding this extra layer of KYC doesn't actually do anything but choke the corporations connected to Bitcoin.

Great Post!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/re-edicted-7jfvsc)

>it's pretty damn awesome for networks that scale higher like Litecoin and whatever else.

They arent complaining about the fees on Hive either.

I just did a video on the impact of Libra.  My theory is they instantly, upon the release in January, become the second most powerful financial institutions in the world behind the Fed.  

Governments are basically powerless against that.

My hope is that, as much as we hate FB, it serves as a feeder system. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-edicted-sjhkh)

Governments, expecting to control everything how they want and control people and their lives.
Also, they are scared of how much impact it will have over traditional money and its uses, that it will poorly affect everything they control linked to real money and not cryptocurrency.

They can try but they are still getting into it at the same time as they know they can't stop it.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@thegoliath/re-edicted-5saqyc)