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First off, I'm definitely going to have to make a new reddit account and abandon this one.
I have repeatedly tried to talk about the US governments belligerent behavior over and over in this industry, and how we were being long conned by deliberate politically motivated behavior by the agencies and by the State Department. Even most of Crypto twitter thinks SBF and FTX are feds.
I have been censored and banned from
and now r/ethereum
You know why the eth mods screwed me over you wanna know what finally got them to turn on me?
I merely made a title that said that Ryan Salame gave 23 million to the GOP for crypto lobbying
I never claimed what FTX did was not bipartisan, I never claimed it was only the GOP, and I did not post a paragraph with the article I linked. They dog piled me and got turbo butthurt for me criticizing a party, the republican party of all things.
We all know if you criticize the democrat party on reddit, you will get mobbed, brigaded, tattled on and banned by virtually every subreddit. We aren't that stupid and naive. So color me shocked that they did it from the reverse!
I turn to the Bitcoin Cash community because everyone else has censored me.
We all know the truth.
The bitcoin maximalist movement post 2020 is an opp., it's a State infested Opp that wreaks of establishment corruption and wallstreet cooption, and their party of choice is the GOP, they buy off senators like Cynthia Lummis and lawyers like Caitlin Long, pundits like Max Keiser, and get talking heads like Michael Saylor to push massive SEC backed regulations and state surveillance,
worse they are reaganite american exceptionalism, they are unequivocally american imperialist, they do not care about the developing world whatsoever, their politics are peak 1980s american expansion in the appliance of global FinRegs, the FinRegs are the arm of the US empire.
They are anti-cypherpunk and anti-libertarian
They openly threaten our industry with state regulations.
The Samurai developer and privacy and paynym advocates in Bitcoin hate them and believe they are feds.
I personally believe Crypto Reddit and Reddit in general is doing deep deep deep harm to the cypherpunk movement, because of it's tendency to simply bandwagon establishment US politics and what effectively 'empire narratives', which includes Financial Surveillance and unquestioning obedience to the SEC.
I tried to make a post in ethereum last night, and of course I'm banned/auto-modded, what I was going to explain are how criminal the fees are on american exchanges and the CME futures.
You're effectively not only banned from futures trading as a US citizen, you're also banned from day trading. The ECP law is a 10 mil requirement and the accredited investing law is 1 mil.
Without arbitrum and optimism and layer 2 fees, there is no hope for US citizens having fee parity with tradfi, literally no hope without defi.
What do you think SBF and FTX and the regulators who he colluded with had intended with that Dccpa and regulated frontend for defi, what do you think they had intended with felonizing american citizens for using DeFi at all without collecting KYC when they passed the Infrastructure bill?
Rent collection. a monopolized front end where they can tack back on catastrophic fees onto optimism where you basically can't use anything. SBF was trying to destroy the liquidity on DeFi while USDC backdoored and rugged the rest of the liquidity by abandoning those protocols, because USDC is in bed with the State Department.
You know what the fees for 100,000 dollars in notional size on micro bitcoin futures are? It's about 19 basis points round trip, compare that to deribit where it's only like 5 to 10% or binance is 2 to 8 percent. Or you can buy 1 contract for 20 thousand. It's not meant to be traded by retail, it's meant for HFT firms.
I'm genuinely not sure we can count on Vitalik or the Ethereum foundation and it's over proximity to american politics and venture capital to actually take a stand against this regulated DeFi front end stuff.
CZ saved this industry by standing up to the americans and blowing SBF up, without the asian markets we would be screwed.
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