Wednesday, 3 November 2021

Bitcoin here to stay, a lot of other cryptos are not: Sen. Cynthia Lummis

https://www.youtube.com/watch?v=EfXRfw1RFNg&t=120s

They act as if BTC wasn't already under their tight control.

If governments are to attack cryptocurrencies via regulations, very few cryptos wouldn't be impacted. Out of my head, I can only think of BCH and Monero. All other cryptos have a central point of failure, be it very few validators or a centralized team of developers.

I wonder if they will attempt to overpower PoW cryptos that they don't control, in the future. We're fightning a war for monetary freedom, and they will pull all of their guns to defend their monopoly over money.

submitted by /u/Kazakkbdk
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source https://www.reddit.com/r/btc/comments/qlbc1e/bitcoin_here_to_stay_a_lot_of_other_cryptos_are/

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