Yeah.. we cannot be trusting politicians - even though surely, Gachapin does not seem to have had been saying that, even if he might have said some nice things about Gensler in terms of his ability to differentiate bitcoin from shitcoins..  but still.

I do agree about having lots of skepticism about what the fuck politicians are doing.. even if they sometimes might seem to show that they understand the bitcoin versus shitcoin dichotomy... and sure, their understanding might even make them more dangerous to actually know and appreciate the power of bitcoin and to be able recognize that dollar systems cannot really stand up so much to "more sound money," and some of the craziness of the dollar shows that even some shitcoins seem to be more sound than the dollar in terms of their being less inflationary and maybe even having some limitations in terms of how far they can push their Cantillon effects when rewarding their buddies, without risking getting thrown in jail.


Of course, I am not going to attempt to act like I understand all of the various kinds of bullshit that politicians play, but of course, we have to be very skeptical of politicians including that Gensler has shown quite a few weird plays, including but not limited to the approval of future ETFs.. and options or whatever the fuck the various financial vehicles that allow the ability to short BTC and also to settle in dollars.. so there do seem to be attacks upon bitcoin that are even coming out of Gensler's agency.. even though I doubt specifically that we can know exactly the role of Gensler in terms of why certain products are coming out that seem to allow for a variety of attacks on bitcoin.. and yeah, we hope that some of the shorters and even those who are settling their trades in dollars are going to get reckt as fuck, but at the same time, we likely realize that those kinds of financial products allow a kind of proliferation of paper BTC that can be difficult to reck when they sometimes seem to have infinite numbers of dollars to back them up and it is difficult for us to know who's backing them and/or what are the various games that are being played.. until they explode, which seems to have had partially happened with some of the implosions last year (Terra/Luna, Celsius, Blockfi, Voyager, FTX, Genisis - and maybe some of those banks (Silvergate, SVB, Signature) -indirectly, even though I am not sure if there were negative impacts on BTC through that - even though TPTB seemed to have had purposefully targeted and took out some of the various rails that BTC (and crypto) was using to be able to have 24/7 access to dollars or dollar derivatives?)