The Restrict Act, if passed, affords $250,000 fines and up to 20 years in prison for simply using a VPN that interacts with American Internet infrastructure in any way — such as accessing a US hosted web site or email provider.
Similarly, it offers prison for accessing any “banned app” — and many Bitcoiners have speculated this could one day include wallets and mining software.
I mean, I don’t think the heinous Restrict Act has the votes to pass into law; and if it were to pass, it would be widely ignored and ridiculed. Weakest of all is the regime that forwards completely unenforceable legislation. Further out, such legislation would be struck down as null and void — utterly unconstitutional — by the Supreme Court.
Even “Pizzagate judge” Ketanji Jackson would be willing to stand up for the Constitution on this one; it’s that clear cut.
So, reading the tea leaves accurately — rather than caving into undue fear — what do we have?
They are scared of the Bitcoin man.
You’re the new “Morgan man” from the 1920s, as executives close to banker J.P. Morgan were called by the press at the time.
Before that, the “oilers” were feared — those who struck it rich in California, Oklahoma, and elsewhere with generational, life changing oil deposits.
Use this time to educate others. Why is what you own so threatening to all these goddamned boomers in the legislature? Why has it become their public enemy number one?
It’s like I’ve said all along on my podcast and elsewhere. These are not particularly original people, born into their money. The original bag holders. And since their money has no proof of work component — it’s just regional Monopoly money that was invented with the stroke of a pen by some east coast mediocrities a century ago — they are deeply insecure about the foundational upgrade to money: proof of work, irreversible, mineable money.
Ten years ago, I wrote a book The Bitcoin Primer, and in the supporting interviews and promotions for the book I talked about how I could perceive in nine or ten years a massive banking crisis, one that requires out of the box thinking and perhaps wide scale Bitcoin acceptance by merchants, to survive the crisis.
Now we are there.
Grateful to have received some “big” podcast interview requests in recent days. No need to have me on your show; I’m the discredited man for covering those very real WikiLeaks several years ago, remember. And the fact is, I don’t respect these media duds.
FULCRUM is powerfully aligned and I feel alive in a way I haven’t felt in years.
Bullish. Thanks to those who have been here for the ride, and buckle up. It’s bank crisis season.
If we have any updates, we’ll be releasing them via our increasingly popular podcast, rather than using any ratty media duds as our midwife.
Onward,
D
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