No One Cares About Crypto (And That’s a Good Thing)

TL;DR

• Senator Warren’s assumption that ‘apathy in the direction of crypto = hatred of crypto,’ has been a complete misfire; and result in a crypto-focused PAC elevating $178M (making it an indomitable drive within the 2024 election).

Full Story

How can we body this case…

Okay, think about if tomorrow a US Senator got here out and stated:

“I’m going to ban Linux (the open-source pc working system)”…

Many of the voting inhabitants would suppose:

“I don’t actually care both manner — I don’t use it…however it appears like a bizarre hill to die on.”

A really choose few individuals would possibly reward the selection, saying:

“Hell yeah! Linux blows — its app library is restricted and the UI is complicated.”

Whereas a passionate minority of voters (principally nerds, a lot of which have constructed large software program companies and have an affinity for the OS) would possibly say:

“That is an assault on open-source software program, the bedrock of the fashionable day web and we are going to elevate sufficient funds to struggle you tooth and nail.”

That’s the state of affairs we’re seeing unfold between US blockchain customers/firms and Senator Elizabeth Warren’s ‘anti-crypto military.’

Liz’s assumption that ‘apathy in the direction of crypto = hatred of crypto,’ has confirmed to be one hell of a misfire — resulting in a crypto-focused PAC, Fairshake, elevating $178M, making it some of the indomitable forces within the 2024 election.

(And with out a lot of a counterweight in funding/assist on Liz’s facet).

The takeaways:

1. On this case, most individuals not caring about crypto is working within the trade’s favor.

2. Don’t mess with nerds.

3. Particularly wealthy ones.