It has NOTHING to do with infrastructure.
Quietly tucking unrelated laws into bills just to get unpopular stuff passed through is why people hate DC politicians.
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Right. Not to mention none of these Congress-members have any idea whatsoever what blockchain is, how it operates, or what it can do. It's ridiculous that some Big Banking bitch ass on Wall Street can write up a bill, hand it to Republican or Democrat Congress-members and say "hey, heres a bill. Sign it". Only coward filth would be such a cuck.
There are (or used to be) house rules against non germain amendments. The senate allows them. Then they have to go to a conference cmte to decide and then both houses have to pass the conference report. Unless the rules cmte allows this then any member can object.
These new members should become familiar with H.R. Gross who by using the house rules and precedents stopped a lot of hanky panky.
Here's the real reason why... It's mostly to stop the crypto nft dividend from the GameStop short squeeze and to stop the new GameStop CEO from completely making a blockchain based Wall Street trading system that would be absent of all the middle men and fraud.
Many elites and billionaires have heavily shorted GameStop. They all get together do this with their private little clubs for companies that they think they have the fix in on.
This is going to absolutely destroy the finances of not only many elites but also the global Banks unless they can stop crypto in its tracks until they can develop their own centralized system and implement it.
Yep. Datasinc just nailed it!
didnt they say the provision doesnt go into effect until 2023?
Doesnt matter, whose going to shift their stock to an exchange that would only be able to operate for a little over a year?
The only really unique thing about NFTs in the crypto world is that they're indivisible. Kinda like stocks. So if the GME NFT is a 1:1 share issue (a stock split has been mentioned) with the intent of recalling its stock on the NYSE the Hedge Funds and Banks are fucked, especially Hillary's favorite Goldman Sachs. Then what stops AMC or BB, who were/are also ridiculously shorted, from switching?
They're desperate to shut down crypto.
Fascinating. How much of this is speculation and how much was revealed by Matt Furlong?
For implementing patent 060606 I expect.
No, it was for taxation purposes and if the bill is interpreted in the wrong way by lawmakers they could even cripple crypto innovation in the US.
Maybe that's the point of it
That's what many are saying.
Because they are commies and globalists.
Now that you have passed it, you can read it.
I bet there's many that do read it or are aware, but use that as an excuse after they voted for it and public opinion shifts
What exactly is the crypto provision about?
Basically that EVERYONE dealing in crypto has to do KYC bull shit. They want to track us and what we do with it.
Well, that's, exactly why BTC was created.
BTC is 100% transparent and traceable. It's a double edged sword. Good for auditing but bad for privacy.
If you don't want the government to track you with crypto, learn to use Monero.
Lead dev of XMR is in fed custody.
Yeah, over an unrelated charge, something about an accusation of fraud by some former colleagues in South Africa. He'll also stepped down as lead maintainer for monero.
How did that pan out for Assange? What will the effect of this be on other devs? You can't just shrug these things off, they do matter.
What does Assange have to do with it? I'm not aware of the link there, but also the general reaction of the monero community was that its a frivolous charge that's not gonna go anywhere.
well it was invented because of unfettered money printing. The tracking of every transaction is just a bonus.
And who provided the unfettered money printing, and who all but owns every gateway and development chain to BTC and who now wants to merge "no buy lists" with Big Tech to PayPal to Social Credit scores to Real ID to wrongthink?
The merging of facebook/youtube information gathering with open financial transactions that cannot be used for private stuff is the permanent death of freedom. Before, a bank would know who you spent money with or they would know you took cash out.
Now, in a very short time. The all seeing eye will know that you said on facebook you did support BLM but that instead you sent BTC or govcoin to [right wing thing] instead. Government know, tax people know, political party knows, NGO researchers know, anyone at home who knows kinda what they're doing knows.
Please for the love of God grasp that as smart as something like BTC is, it takes someone far less smart than that to know what a public ledger would end up doing for the masses it purported to have served.
BTC taken to it's logical end point is the final word in a free society.
Upvoting for visibility. Want to see the answer from someone who understands this…
Oh you mean stuff like amnesty and breathalizer ignition locks for all new cars sold in the US.
Packing bills is such bullshit, they should be clean and simple
Are you enjoying opposite day yet
This kind of shit should be illegal.
Hopefully some Q people running for office will take care of stealth regulation.
Crypto removes the need of banks. Removes and makes it harder to tax ppl think XMR
Gaddafi tried this, along with a handful of others. They get invaded by the US and sodomised with pointy things.
It’s the same reason they shut down online poker in the United States, they couldn’t track the money... or so they say. Bush in ‘06 passed the ‘Unlawful Internet Gambling Enforcement Act.’ And then in 2011 poker experienced a “Black Friday” when the feds shut down the ability for Americans to play online poker in USA. All also under the guise of “The Patriot Act.”
Actually currency is infrastructure, sure.
Congress is the only entity which can issue or legitimize currencies.
https://files.catbox.moe/d00lrj.jpg
I WANT A BREVITY LAW. EVERY LAW MUST BE FEWER THAN 5 FUCKING PAGES. AND IT IS RETROACTIVE. EACH PROVISION MUST BE VOTED ON SEPARATELY.
United States senate consists of at least 69 enemies of the state with the only goal to destroy the United States of America this absolutely constitutes act’s of Treason Their just protecting their bottom line how pathetic. The military is the only way
No bill should be more than 10 pages.
To all politicians out there…
If you can’t explain it simply, you don’t understand it.
If you can’t synthesize from the whole, you’re an asshole.
Things like this is why these criminals will be shown the Guantanamo Door soon.
I want a law passed that only allows them a single bill at a time for approval. No more of this bullshit theft.
It has to do with the infrastructure of their money and control methods. They must game all systems to control all forms of money! Silver, Gold, Cryptos.
If the DS control Crypto, why do they need to bother legislation?
they don't have total control of the crypto space
overstock released a crypto dividend to fuck over wallstreets short sellers. they don't want that kinda business to be in the little guys playbook.
The DS do what they like by virtue of 80% of reddit-tards and the like believing the piss poor theatre. Redditors need to be assured they're not being raped in the ass while the first 16 inches goes in.
As long as it says you can't Outlaw crypto.
Holy shit the crypto crowd is gonna be pissed!!!! LOL
This is actually pretty amazing! LOL So the Apes are waking up to the bullshit and now the Crypts will be too. LOL
We are pissed. The whole reason we switched to crypto was to avoid the garbage FIAT rigged markets.
It has everything to do with infrastructure. Internet/banking infrastructure, that is.
Their futures are short. I’m betting on shorting commies.