The Noise Is Ramping Up With Regulation Coming: What This Means For Hive
We see a bill introduced by our favorite law school professor. She wants to regulate the cryptocurrency industry. To quote Jim Cramer, she knows nothing.
In this video I discuss how Hive is outside of all this. We have a situation whereby Hive can operate globally regardless of what individual countries do.
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This is the second video I've seen from you, and for what it's worth, you have a new follower due to your insightful commentary. 😊 Thank you!
It's encouraging that Hive's worldwide influence helps protect it from internal US regulations. It may still present some challenges to users within the US who intend to utilize any cryptocurrency related to Hive. Decentralized exchanges will be saviors in these cases (a point which you touched towards the end - you read my mind 😁).
To push for decentralization, the technology for self-custody and utilization of exchanges has to be simplified to resemble current financial services as closely as possible, albeit with keeping some measure of safety (i.e. escrow) that comes as a result of a lack of regulation. This will certainly take time, but bright minds are out there at work creating this future.
Thanks for the follow. I am glad you find the content worth your time.
My goal is to always provide perspective to what is taking place out there. It is easy to get caught up in the noise.
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Even the frequently wrong can sometimes speak the truth.
Yet again. You are killing it.
Elizabeth Warren is more of an idiot than an actual intelligent person especially with the entire pretending she is an Indian thing.
I actually see blockchain technology and our ecosystem having more application in the real world as well as transparency.
Everything from Fair elections as well as finance and investments.
We have some amazing things coming around.
As I was growing up as a child. With my mom being an activist there was always weird events and technology. Clicks on the phone. Off tones. And incredibly a couple of times and interesting individual would pick up as I was thinking about who I was wanting to talk to and I could hear another individual talking.
United States government actually is really scared of any talk of freedom, Independence, or a threat to their Monopoly on freedom and democracy.
Love your work just try to be careful with the extreme freedom hopes. I harbor the exact same believes but maybe we shouldn't be as outspoken.
For all we know they might take our musings and thoughts to be radicalized.
If so we both will have a lot of material The government can use to persecute us however this thought of freedom transparency and integration with technology for the rest of human history. It is something bigger than ourselves and absolutely worth the investment.
Thank you again for an excellent video!
She might be a terrific law school professor. On that I dont know. But when it comes to matters of money, banking, finance, and general common sense, I find her lacking.
Of course, I have a major issue with her desire for control. That is the main beef with all politicians. She is no different than any other in this regard. Then she mixes it in with arrogance of how she knows better.
This is why all politicians, even if useful at first, are worthless and should be exposed as such.
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Elizabeth Warren is totally corrupt.
Diapers and politicians need to be changed often and for the same reasons.
And a society is measured by how we have proper representation. To long have we had crazy elitist rich people choose our leadership for us.
I am absolutely in favor of reasonable term limits and absolutely only paying politicians for the time that they are in service and no lifetime payments as well as security benefits and all of this bureaucracy that we are seeing.
You know that the capital police actually have a federalized police system that is private? Some pretty crazy situations..
And we also need to go after the extreme corruption within our own government like Nancy pelosi as well as the vitamin crime family.
Absolutely we need to get certified as being a honest transparent decentralized cryptocurrency to abide with regulation however we need to do this before regulations hit. I feel that decentralized trustworthy blockchains need to be expressly exempt from a massive amount of regulations.
And that would definitely help.
It's the same usual people spouting nonsense. I think the move of crypto companies outside the US is probably the expected result if they put in all the regulations. However, I think the US will be fine because there will still be a gateway in or out of crypto through something like Coinbase.
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Summary:
In this video, Task discusses censorship resistance and globalization in relation to recent developments in the cryptocurrency space. He starts by mentioning Elizabeth Warren's bill aimed at regulating cryptocurrencies, causing fear and uncertainty in the market. Task also touches upon recent events like the Fed rate hike and SPF's arrest. He highlights the decentralized nature of Hive and how it stands out as a censorship-resistant platform. Task delves into the corrupt nature of politicians, including Gary Gensler's ties to the SEC and SPF. He emphasizes the global nature of blockchain projects and discusses potential implications of regulatory actions, suggesting that overly stringent regulations could drive cryptocurrency development out of the US.
Detailed Article:
Task delves into the timely topic of censorship resistance and globalization in the cryptocurrency space. He opens with a discussion on Elizabeth Warren's bill proposing crypto regulations, causing market uncertainty. Task touches upon the recent Fed rate hike and SPF's arrest, adding to the current state of affairs in the financial world.
He then shifts the focus to Hive, highlighting its decentralized nature with numerous nodes globally, emphasizing its censorship-resistant quality. Task contrasts this with centralized entities like Congress and the SEC, criticizing their potential impact on the crypto industry.
Task goes on to scrutinize politicians, singling out Gary Gensler's past associations and suggesting that both major parties have a hand in regulatory matters. He also criticizes Elizabeth Warren's ignorance towards banking while questioning the corrupt nature of bankers and politicians in general.
The discussion expands to the global landscape of blockchain projects, with Task mentioning projects like PeakD, HiBlog, and Actifid, pointing out that their open-source nature makes them resistant to centralized control. He proposes distributing apps via platforms like Discord to evade potential app store restrictions.
Task concludes by underlining the consequences of stringent regulations, predicting a potential exodus of crypto development from the US to other countries, driven by the global and borderless nature of blockchain technology. He advocates for a shift towards decentralized network states as a means of countering the centralized nation state model.
In essence, Taskmaster's analysis provides a critical examination of the current regulatory environment, the decentralized nature of blockchain projects, and the potential future direction of cryptocurrency development in a global context.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.