RE: Shapeshift Pulling out of Washington State Due to New Regulations
I'm a Washingtonian and we're used to this crap. Our state is just a microcosm of the whole US in general. Crypto is a serious threat to those in power and that power is going to try everything it can to stop any type of progress.
The great thing is that they won't be able to.
The old system is coming down and there's not going to be anything they can do about it. They don't get to control our means of storing value anymore.
If they embraced the change and technology they'd come out ahead, instead they do not understand it and are threatened by it and it's going to run them over.
That's the beauty of decentralization and blockchains. Sure regulation and crappy legislation can make it harder to play in crypto but it'll never be able to stop it all together. Especially once numerous user friendly decentralized exchanges and atomic swaps come online.
Welcome to the end of a very very long era of centralized financial control and manipulation. We're all going to have to put up with the death throws of the system and power through the crap, but in the end, we get the last laugh this time!
I don't think Washington is representative of the entire US. It definitely is not alone with it's aggressive stance on cryptos, but there are a few states that are actually friendly to crypto (tho the number is significantly smaller in comparison) and a healthy amount that I think are sitting on the sidelines on the issue and staying neutral for now. I don't think it'll stay that way for too long. I just hope more states take up the same stance that Nevada did.
https://www.coindesk.com/nevada-opens-doors-blockchain-startups/
This is pretty significant. No taxes or fees can be assessed against a company that receives blockchain based currency as compensation by a city or county? Crazy stuff.
I watched the maturation of the internet from it's infancy, and seeing a second disruptive technology (I'd argue moreso than the internet even, though you couldn't have the second without the first) enter the market and begin to stick it to the financial oligarchy we've suffered the last 100 years is definitely refreshing! Amazing time to be alive!
Great comment, it is good to remember that there are some governments trying to embrace the technology. Extremely smart on their part and it's going to pay big dividends.
I feel overall though the federal government and most states are not taking that position, which is why for me our state is like a microcosm of the current majority opinion and approach to cryptos. From my perspective, I just get a real sense of hostility, ignorance and fear from those in power which results in legislation that is nonsensical and a clear push to control and choke rather than embrace and invite.
It is definitely cool to be able to experience yet another truly disruptive technology once again in our lifetime. Fun times indeed :)
Yes I agree.
I'm a Washingtonian as well and hate to see this kind of news. I do agree, they will not be able to stop this revolution, no matter how many laws and regulations they try and pass. I wonder if this affects the Exodus wallet, as they use shapeshift to exchange cryptos.
May it be so!!!
Im in Washington too I really hope this doesn't mess with my Exodus wallet.
However, the amount of laws these criminals are passing proves that crypto is legit!
DONT EVER "GET USED TO THIS". I'm a WAwa resident, too and those asshats are OUR employees. Lets get a petition going. Not only will they get their grubby fingers out of the crypto market, they will open the use of Crypto to purchase marijuana.
The argument that "cryptocurrencies are used by criminals and terrorists" flies in the face of the undeniable fact that criminals and terrorists have LONG used Government (by BEING the governments) to accomplish their agenda before they had any other tools.
I agree with you 100%....humanity is moving into the golden age.
Great post