Elizabeth Warren hatred for crypto is like no other

[Baofeng]

She is not the first that started FUDing crypto, some persons are under influence by powerful forces to trash Crypto but crypto always move past them quickly. Secretly they may be holding cryptocurrencies. Russians have been sanctioned enough and that is enough to bring their economy down.

I wouldn't call it FUD though, maybe she is just voicing her own opinion, maybe she is one powerful Senator in the US and has hatred on crypto or even Russia. But her bill will have to passed first, and she knows it is going to be difficult for her.

And it's not just crypto that she is targeting, even oil companies that is making or taking advantage of the war situation by increasing their prices are under her radar. But then again, as I have said, bitcoin and the rest of crypto is too big to fall right now and not even a US Senator can stop it.

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[wxa7115]

Ignore people who have less idea about crypto its a waste of time, it's not their fault that they are spreading false claims about something they don't understand though, my advice is do not let their point of view affect your own, in future, they might have a change of heart.

You are being too optimistic, while the majority of those that oppose bitcoin do so from a position of ignorance, those in positions of power understand very well what bitcoin is about and that it is why they oppose it.

They see bitcoin as a threat, and in a away they are right, while we talk about scams, rug pulls and Ponzi schemes, the fiat system is by far the biggest scam ever which allow the rich and powerful the steal from the rest of the population, and bitcoin will not allow those people to keep doing this, so it is natural they are opposed to it.

[Abiky]

I wouldn't call it FUD though, maybe she is just voicing her own opinion, maybe she is one powerful Senator in the US and has hatred on crypto or even Russia. But her bill will have to passed first, and she knows it is going to be difficult for her.

And it's not just crypto that she is targeting, even oil companies that is making or taking advantage of the war situation by increasing their prices are under her radar. But then again, as I have said, bitcoin and the rest of crypto is too big to fall right now and not even a US Senator can stop it.

Either Elizabeth Warren hates crypto or she's simply pretending hate it in order to protect the image of the US Dollar. She's a government official, so it's normal to see opposition against crypto from someone in that position. It really doesn't matter what she or anyone else say against crypto as long as decentralization wins in the long run. It's been nearly 13 years since Bitcoin's inception, and it's still going strong despite criticism from haters all around the world. Some say crypto is a means to avoid sanctions, others say it's a tool for money laundering and terrorist financing, while others say crypto is a scam or a sham.

Words are simply words and they don't have any direct effect over crypto's prominence in the mainstream world. Crypto will be able to stand the test of time if it preserves decentralization/censorship-resistance. Who knows if it beats Fiat someday? Just my opinion

[Anonymous100]

Don't tell me you have nothing to say about Elizabeth Warren, she is yet again throwing stones at crypto claiming that Russia can use crypto to evade sanctions, FUD? But it's said that Ukraine got up to 20million in crypto donations, why can't see just support this instead of FUD?

Of course, support to various parties through crypto is possible, and this also happened in the war between Russia and Ukraine. Crypto is a currency that is easy to send and cannot be blocked by various parties. Except in those countries cannot cash out crypto to Fiat.

[wxa7115]

I wouldn't call it FUD though, maybe she is just voicing her own opinion, maybe she is one powerful Senator in the US and has hatred on crypto or even Russia. But her bill will have to passed first, and she knows it is going to be difficult for her.

And it's not just crypto that she is targeting, even oil companies that is making or taking advantage of the war situation by increasing their prices are under her radar. But then again, as I have said, bitcoin and the rest of crypto is too big to fall right now and not even a US Senator can stop it.

Either Elizabeth Warren hates crypto or she's simply pretending hate it in order to protect the image of the US Dollar. She's a government official, so it's normal to see opposition against crypto from someone in that position. It really doesn't matter what she or anyone else say against crypto as long as decentralization wins in the long run. It's been nearly 13 years since Bitcoin's inception, and it's still going strong despite criticism from haters all around the world. Some say crypto is a means to avoid sanctions, others say it's a tool for money laundering and terrorist financing, while others say crypto is a scam or a sham.

Words are simply words and they don't have any direct effect over crypto's prominence in the mainstream world. Crypto will be able to stand the test of time if it preserves decentralization/censorship-resistance. Who knows if it beats Fiat someday? Just my opinion

The most ironic thing of all is that while some think that bitcoin needs to beat fiat to ensure its existence, the truth is that this is not necessary because fiat is going to beat itself, the only thing that bitcoin needs to do as you stated is just to remain decentralized as it is right now and that is more than enough to outlast the current fiat system.

After all once the fiat system goes down there are only two alternatives the world governments can take, the first one is to move to a more stable currency backed by gold or even bitcoin or move to a world in which we use several currencies as reserve currencies, and with Russia asking for Rubles for gas payments it seems we are moving towards the latter rather than the former, but such a system will be even more unstable than the one we have right now so eventually they will have to make a move towards gold, but that will be the same as admitting that hard money is superior to fiat which will bring a great deal of people to this market during that period of crisis.

[Abiky]

The most ironic thing of all is that while some think that bitcoin needs to beat fiat to ensure its existence, the truth is that this is not necessary because fiat is going to beat itself, the only thing that bitcoin needs to do as you stated is just to remain decentralized as it is right now and that is more than enough to outlast the current fiat system.

After all once the fiat system goes down there are only two alternatives the world governments can take, the first one is to move to a more stable currency backed by gold or even bitcoin or move to a world in which we use several currencies as reserve currencies, and with Russia asking for Rubles for gas payments it seems we are moving towards the latter rather than the former, but such a system will be even more unstable than the one we have right now so eventually they will have to make a move towards gold, but that will be the same as admitting that hard money is superior to fiat which will bring a great deal of people to this market during that period of crisis.

Of course. Fiat will ultimately see its demise as inflation continues to rise like there's no tomorrow. I doubt banks will be able to keep the current economic system afloat by increasing the supply in the long term. If Fiat as we know it collapses, then two things might happen. Either decentralized cryptocurrencies take over the global economy, or there's a "global reset" where Fiat starts anew as a digitized system (through the launch of government-backed digital currencies or CBDCs). I think the latter scenario is most likely to happen leading us with a clash between the decentralized and centralized worlds. I'm fine with that as long as people have an "escape route" from the clutches of evil corporations, banks, and governments alike. Just my thoughts

[qwertyup23]

Don't tell me you have nothing to say about Elizabeth Warren, she is yet again throwing stones at crypto claiming that Russia can use crypto to evade sanctions, FUD? But it's said that Ukraine got up to 20million in crypto donations, why can't see just support this instead of FUD?

Cant really control what others would say regarding crypto. First and foremost, bitcoin is decentralized and if Russia using dex which has no jusirdiction by thr government cant really intervene on their thing if they wanted to use btc or crypto for that matter. Its just a simple gesture which should be ignore actually.

Exactly, given that cryptocurrencies are decentralized, it is under no jurisdiction by any countries unless there is a law to the contrary. With regard to the situation in Russia, as far as I know, the country is accepting and heavily considering making cryptocurrencies as an alternative mode of payment in order to address their economic and financial downfall.

Again, this is how cryptocurrencies operate in the first place. With no regulation or authority, cryptos can be transacted from one place to another without worrying too much on how and who sent it.

[wxa7115]

The most ironic thing of all is that while some think that bitcoin needs to beat fiat to ensure its existence, the truth is that this is not necessary because fiat is going to beat itself, the only thing that bitcoin needs to do as you stated is just to remain decentralized as it is right now and that is more than enough to outlast the current fiat system.

After all once the fiat system goes down there are only two alternatives the world governments can take, the first one is to move to a more stable currency backed by gold or even bitcoin or move to a world in which we use several currencies as reserve currencies, and with Russia asking for Rubles for gas payments it seems we are moving towards the latter rather than the former, but such a system will be even more unstable than the one we have right now so eventually they will have to make a move towards gold, but that will be the same as admitting that hard money is superior to fiat which will bring a great deal of people to this market during that period of crisis.

Of course. Fiat will ultimately see its demise as inflation continues to rise like there's no tomorrow. I doubt banks will be able to keep the current economic system afloat by increasing the supply in the long term. If Fiat as we know it collapses, then two things might happen. Either decentralized cryptocurrencies take over the global economy, or there's a "global reset" where Fiat starts anew as a digitized system (through the launch of government-backed digital currencies or CBDCs). I think the latter scenario is most likely to happen leading us with a clash between the decentralized and centralized worlds. I'm fine with that as long as people have an "escape route" from the clutches of evil corporations, banks, and governments alike. Just my thoughts

Right, I forgot that scenario, it is possible the governments are introducing CBDCs right now in order to make people aware of them and then replace the fiat system with CBDCs while arguing that is better than the previous system.

However at that point their credibility will be at an all time low, since who is going to trust that the ones that caused the problems also have the solution to it? If that was the case then the collapse of the fiat system will not have happen, so I hope that at the time people can see behind the lies and they refuse to adopt those centralized shitcoins.

[Kemarit]

On the contrary, I've heard that she is toning down as far as her crypto stance is. So maybe down the road we might see a complete U-turn and they might have to accept crypto because it has a lot of good use case and not just for illicit activities or Russia using it to circumvent the sanctions against them. She is though pro-CBCD so I don't see anything wrong with it.

[smyslov]

Don't tell me you have nothing to say about Elizabeth Warren, she is yet again throwing stones at crypto claiming that Russia can use crypto to evade sanctions, FUD? But it's said that Ukraine got up to 20million in crypto donations, why can't see just support this instead of FUD?

Honestly, I am not aware of who is this Elizabeth Warren is I have to Google her to find out who she is so she is a senator of the US we are not threatened by his remarks or his opinion, we all know politicians come and go but Cryptocurrency is till here and will be here to stay long after these politicians are gone, there have been so many FUDS in the past coming from presidents and kings but Cryptocurrency is still here.

[shinratensei_]

Just ignore any FUD that was happening around it. You must remember that if there will always any parties who will be hating cryptocurrency. We have experienced so many FUD happened around us. This FUD will not give any impact to the crypto market in long term. Only stupid people who will be seeing it as a potential statement to be real. So many people have been ignoring any FUD that came from so many regulators and governments.
It seems like that we will be getting more FUD due to the various reasons. Just ignore it and crypto is find even with so many FUD.
Crypto is even stronger caused by that.

[worle1bm]

Have seen people talking negative about it in the first case and later on turning their support for it because they see profits in them which is what they want at the last.The first thing is your decision and thinking should not be influenced by anyone else.We all cannot have the same viewpoint so how can we make decisions based on others opinion? Make your own ways but first DYOR which is essential in this crypto market.

[judeafante]

Elizabeth Warren's opinion has no impact on the industry, he can create more FUDS and it will not matter, I don't know of anyone who can create a FUD and make an impact in the community in a bad way, just let them and ignore them and support projects that you think will have potential and continue to support top coins and new concept, we are in a point where the technology is now unstoppable.