Twitter Tuesday: Will Crypto Ever Be Banned?
LBRY cooks its books hoping to throw the SEC off its trail
Senator Sherrod Brown wants to ban crypto. These nutjobs want to stop a moving train by throwing their nearly cold bodies in front of them. Funny how you never hear them say they want to ban the U.S. dollar because of its use in criminal activity.
LBRY announces they’ve marked all their in-house LBC to $0 on their balance sheet. “If we present it to have the value it actually has, maybe they won’t use it against us.”
Scott Cunningham isn’t afraid to ask the pertinent questions, like “Is crypto becoming centralized?” There is a lot of centralization in crypto, and that’s a problem. I’m all for regulating centralized crypto exchanges, crypto lenders, and other crypto firms. If you want your project to be free of regulation, decentralize it. That should be the law. That said, there should still be a few guardrails for decentralized projects, but they don’t need regulatory oversight in the same way centralized entities do.
Web3 has barely scratched the surface of its potential, says @jasedmf. I completely agree.
Leo Finance has its own conspiracy theory.
One artist takes creativity to a new level through Web3.
Messin With Cryptos is proud of his new Coca Cola NFT.
Elizabeth Warren has some questions for Elon Musk. I have some answers for Elizabeth Warren, but she isn’t going to like what I have to say. I’m no defender of Elon Musk, but Warren putting her sights on Musk means she’s taken her eyes off where they should be - retirement.
Snark and commentary are in italics. Inclusion of an item doesn’t mean I agree or endorse the ideas presented. Of course, it also doesn’t mean I don’t.
Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto. Original articles on Fridays.
First published at Cryptocracy. Not to be construed as financial advice. Do your own research.