• Okay with PoW but not PoS
• Isolating PoW and Bitcoin to target later
• Last Minute Push with Technical Handicap

Nic Carter expressed:  Politics in 2021 is the Senate and the White House bickering over the relative merits of blockchain consensus mechanisms to pass an infrastructure bill.

Some onlookers stated, “If you don’t understand it, you shouldn’t be getting in the way and passing laws on it.”

It does not look like the politicians do not understand blockchain technology or the cryptocurrency industry.  They are very clear about the potential of this industry. They have been keen in many ways to penetrate and establish their power in this industry, and they are doing it strategically.

The infrastructure bill has nothing to do directly with the blockchain and cryptocurrency industry. Still, they have managed to insert control through a tiny opening that facilitated cryptocurrency provisioning for payments.  This does not seem to be something they do not understand.  They are very clear about what they are dealing with.

It is no Clown Politics. They are very strategic and clear about what they are looking to achieve.

At the end of page 6, you can find the order in which amendments are applied. I am unclear if there are newer rules for the process as this document is from 2015. This is insane that something with so much consequence for an entire trillion-dollar sector can come down to a last-minute push by tech-handicapped politicians.

Someone tried joking:  “We just discovered a new validation mechanism for transactions: Proof of Mistake.” – Not really.  The politicians have a clear agenda.  They are very clear about every step of their way.

Then in the line will come other problems like:  “Bitcoiners are single-issue voters” and more durable “Bitcoin is digital real estate”.

Proof of Work is the new monetary infrastructure that the US government can actually control to a certain degree.

It is impressive how much hell has gotten raised for the last-minute crypto amendments considering the size of the infrastructure bill. For “28 billion dollars”, it might as well be an ignored footnote Byzantine General’s Problem in action. It just looks like literally, nothing gets past Bitcoin.

They are clearly targeting Bitcoin and, therefore, PoW.  They are isolating BTC and PoW so that they can go after it exclusively in the future. There is a sure malintent driving the effort.

Tired of the amendments, when I eventually get elected to Congress, my sole agenda will be causing as much chaos as possible, so they never pass any legislation, thus leaving the rest of us in peace.

The presumption is that we want the government to do things. It doesn’t bother me in the least if the government is all ground to a halt. When the government does something, it usually doesn’t end well.