If you're looking for the SEC to protect morons from stupid scams like bitconnect, xrp, or eth, you're going to be disappointed. They will simply creat an oligopoly for shitcoins, where only a few shitcoin tycoons like @a16z can make new stupid shitc

Stephan Livera @stephanlivera · Aug 7, 2022

Spot on. Great thread by @saifedean. The likely pathway from here for shitcoins is that they get captured by the government.

Tweet Aug 7, 2022

by Saifedean Ammous

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