Following from Travis Kling's threads and interviews, this is why it makes me so fucking angry when the SEC or the FCA try to 'protect' us from our only escape route from the prison they built.
Travis missed one use case from his assessment though, it's the democratization of access to financial derivatives. To trading. To exchanging your money for freedom instead of the other way round. Even the availability of market data far outstrips that of traditional markets.
Look at exocharts or tradinglite for example, dune, velo data, defi llama, the list goes on. The playing field has never been so level as it is in crypto, even despite the ponzis and scams which were already absolutely rife everywhere else.
This is why they attack crypto - from the conservative financial authorities to young middle and upper class leftists - a visceral disgust with poor people. A fear that ordinary people might get money too and what they'll do with it.
That their natural order would be thrown into disarray. Well fuck them. I'll use every tool available to get ahead because I refuse to accept working myself to death, full time, whilst also washing with buckets of tepid water and stolen dish soap in a supposedly developed nation.
Neither should you anon. Don't blindly ape. Use the tools available to educate yourself. Learn to trade. Take your own risks and bet on yourself. It's PvP vs Everyone else. Apes together strong. They've only got themselves to blame and if they don't like it, fuck 'em.
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