Tuesday, 23 May 2023

A lot of people here get downvoted for pointing out that USA Democrats are enemies of Bitcoin, as if Republicans are an equally large threat. Let me make something clear...

When a Republican comes out supporting Bitcoin, they're always faking or groveling for votes. When a Democrat comes out supporting Bitcoin, they're always 'waking up' or 'coming around'. Broken clocks may be right twice a day, but if the USA's Congress if filled with broken clocks then it certainly seems Republican broken clocks are syncing more often than Democrat broken clocks. Why is that?

  • Texas is to Republicans as New York is to Democrats. New York partially banned Bitcoin mining, and environmental activists in the state are hungry for more. Texas has loudly invited more. Wyoming, another Republican state, is clamoring to the same.
  • The energy FUD expressly targets voters who give a damn about environmentalism in the first place. If you're outside the USA then you may be forgiven for not knowing, but Republicans are not well known for their environmentalism. To the extent that Republicans do claim to care about the environment, it's always cast as some flavor of fakery. (Note that particular framing is from NYT - hint hint.) In other words: Energy FUD is almost exclusively pandering to Democrats.
  • It's been said numerous times that CBDCs represent the "final boss" for Bitcoin. This does not mean it's a mortal threat to Bitcoin, but merely ideologically opposed. Bitcoin is freedom money. CBDC is slave money. Florida is largely Republican and has recently passed explicitly anti-CBDC legislation. Minnesota, another Republican state, is doing the same. Texas is considering it too. Others will almost certainly follow. Where are the Democratic states doing, or even contemplating this?
submitted by /u/proph3tsix
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