RE: Stokens and Lottokens and Crayokens, Oh My!

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Stokens and Lottokens and Crayokens, Oh My!

in bitshares •  7 years ago  (edited)

In our bid to legislators to repeal evil laws or leave our crypto tokens immune from them, I also suggest to consider that many bad things happened in 1930s, not just securities act of 1934. It was confiscation of gold in 1933 and most parts of New Deal package. So if they believe that act of 1934 is not evil then they must believe that confiscation of gold was not evil ... so we start from there. It's time to acknowledge and start correcting long term damages to the USA and the world caused by FDR and democrats during 1930s.

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  ·  7 years ago (edited)

Thinking about analogy with roaring 1920s, we had roaring 2010s of rapid crypto rise.
Then there was gold act of 1933 confiscating huge profits of everybody who called Federal Reserve stock market pump scam and were smart and bold enough to invest in 1920s, sold on top of 1929 and bought gold.
Then there was securities act of 1934 making sure that such smart, but poor people don't become rich through investments ever again.
Since evil legacy from 1934 is still in force, the only piece that is missing to repeat the history is confiscation of huge profits accumulated by crypto enthusiasts who called Bitcoin and many other scam pumps, bought tokens during roaring 2010s and sold on top in December-January 2018 ...

God Bless America and don't let that dark history repeat.