NVK on Nostr: That's because the crypto industry is centralized. They take a lot more profit from ...

That's because the crypto industry is centralized. They take a lot more profit from scamming, and can direct that capital to keep the scamming going.

quoting note183t…8n8p

The broad crypto industry rallied hard soon after the White House threatened to veto the bill that would let banks custody digital assets. And now it’s making a big difference, with Congress voting strongly for it, the White House pulling their veto threat, etc.

While it’s right to pass that bill and let banks custody them if they want, it’s sad to see that the crypto industry response to that was like 100x bigger than the response to all of the anti-privacy stuff that has been happening.

The desire of people in the industry for banks to help pump their bags is way bigger than their desire to pave a way for freedom tech in general.

Much love to all those building and supporting real freedom tech.