The SEC is just desperate at this point and Bitcoin Maxis are delusional!

This is a rant, nothing said here is financial advice, although, you're welcome to take them :)

So, where do we start? Oh yes, Bitcoin maxis, let's begin with how delusional these people are, and no, I'm not talking about people who genuinely understand bitcoin and thus leverage it but the people going about saying shit like "Bitcoin is the only true currency, asset, and everything else is shit bla bla bla."

I mean, we get it, you don't like it that something different is getting some attention and not your bitcoins, but no need to cry about it daily because nothing will change, we're only going see more and more altcoins and projects come to life, some maybe even better than Bitcoin, it's only a matter of time, being the first does not make Bitcoin superior, there's a whole lot of variables to it and someday, some other asset or currency will crack it because in fact, being the first really just puts it in a position to age faster.

Yes, I know, tech cannot be compared to the volatile lives of animals, but still, there's some similarities. Now you're probably wondering what this is all about, well…

Binance!

Some maxi decided that crypto could do without Binance and tweeted about it and it got me mad, yes, damn mad. I read this tweet like I believe some hours ago and in the last hour, I've been trying to find it as I didn't really care to bookmark the link at that time.

Sorry, still can't find it, but the tweet goes on saying bitcoin specifically is better off without Binance since the entire crypto twitter seems to be in support of Binance and not the SEC. The idea here is backed by his claims of which I don't know where the fuck he got it from that Binance bitcoin volumes in no way reflects the actual trade volumes of bitcoin, lol, how delusional can people be really?

It makes me think of how the saying "Get your bitcoin off exchanges" sometimes sounds very comical. Sure, get your bitcoins off exchanges, where you actually got it from in the first place, sound about smart?

It's smart, but singing about doesn't make you smarter, just makes you quite stupid to the fact that you wouldn't currently have those bitcoins if that exchanger didn't build a service to enable you to acquire them. So now bitcoin maxis are claiming to be smart, but hold on, do they realise how many decentralized exchanges currently exist? How many centralized ones exist? And how the volume is largely spreading? So Binance can't reflect the entire volume but collectively, exchangers enable these space function. Miners are not even selling this shit that much, so virgin bitcoins are really not entering these ecosystems much and even if the were, p2p as we know isn't quite efficient unless it's on a platform like Binance.

The claim here is that Binance and Co are really just limiting the adoption of bitcoin, come on, this just screams "Binance is giving people options to choose from and I can't get rich dumping on new investors" time of vibe, alts are hated for no reason here.

And Now, Coinbase is Sued

Well, I can't say I didn't see this one coming, Coinbase literally gave the SEC a middle finger when it continued its staking services when Kraken or was it Gemini that was sued for the same shit? Classic right?

The SEC is after the entire crypto industry. Don't get me wrong, Binance is no saint, but trust me when I say that this exchanger has done the cryptocurrency industry a solid, and the community speaks for itself. The SEC is turning into a business after milking the most from the cryptocurrency ecosystem, its not about those "protecting the investors" bullshit, shit did we not see how many people got rekt in the past following the SEC's actions?

Well, I can say one thing for sure, more are coming and while the SEC keeps making money and hurting investors, shit more blocks are being added to every fuckin blockchain network out there so there's no way that side of things gets restricted, you don't control the nodes with your pety lawsuits, the nodes only care about adding the new block and getting on with their day.

Middle finger up for the SEC, they deserve it!