To some extent. Speculation on the stock market used to be illegal until the 80’s, meaning that investments had to be based on a company’s tangible performance. Companies are not ephemeral, like crypto, but represent real people doing real work. So the stock market is not a zero-sum game (like musical chairs).

Crypto is fundamentally different. Bitcoins have no utility. They don’t “do” anything (except consume ungodly amounts of power to no discernible end).

Let me put it this way: if Microsoft died tomorrow, some would chortle with secret delight, but the truth is that a lot of our infrastructure would need to be rebuilt from scratch — hundreds of thousands of jobs lost, computer networks, servers, websites, gaming and cloud ecosystems would be decimated. Something like 25% of the internet would be down.

If bitcoin disappeared tomorrow nothing would happen, because bitcoin isn’t real. It does nothing and represents nothing. It’s a distillation of the most purified nothing that ever was. If bitcoin vanished that would be a boost for the environment and a boost for the economy (as people stop pissing away money by buying literal nothing).

“Entrepreneur.”

Gentle reminder that you cannot make money in crypto unless someone else loses money. It’s not entrepreneurship. At best, it’s scam artistry, at worst fraud or theft.

Nonsense. This law will generate revenue as we fine the ever-living-shit out of social media websites until they can figure out how to get kids off their toxic platforms.

Honestly, who gives a shit. Literally no one should be using these brain-rotting democracy destroying websites anyway. If you want your privacy get a life.

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So we should legalize stabbings because otherwise people will turn to “even worse” forms of violence? Surely there must be a simpler and less moronic approach to legislation.

First of all, fifteen year olds don’t give a shit about political “news.” Secondly, is your argument that Facebook shouldn’t be banned because something else just as bad as Facebook exists (which could also be banned)?

So you admit this is a good start? 4chan isn’t particularly popular anymore, btw. I’m guessing that’s why it flew under the radar.

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So… it’s harmful to everyone, especially kids, which is why we shouldn’t ban its use by kids?

So your complaint is the bill doesn’t go far enough? It should ban more things?

I work with young men on a daily basis and all I can say is: holy shit finally. You guys don’t understand what it’s like out there. 16 year olds are dumb as shit by default, so imagine what happens when you add Joe Rogan and Andrew Tate. Please. Imagine what it’s like to explain for the hundredth time why human trafficking is actually bad, and feminism isn’t evil, and so on. I just can’t imagine ANY FUCKING REASON that a child needs to be on a social media website of any kind, from twitch to twitter.