tymmc

I'm personally skeptical that incumbency is a significant advantage, particularly given that Bitcoin now is impractical to use directly for most transactions. If your transactions are being done off the blockchain and it's trivial to switch to denominating them in a non-Bitcoin currency, and there's no particularly strong reason for people to accept Bitcoin as payment over a different currency, what's the barrier to entry for a new crypto-currency?

It's classic goalpost-moving.

I think Mitch McConnell will go down as a historically terrible senator. He has an absolutely single-minded focus on winning legislative "victories" without any consideration of the actual merits of what he's corralling votes for or agaisnt.

The reality is that no-one really understand the consequences of the bill. It's a gigantic shit-pile of hastily written hacks crammed together at the last minute and rushed through without any opportunity for anyone to actually evaluate it.

What a horrible process. You don't get good legislation written by ramming it through without time to evaluate the consequences of the law.