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The original was posted on /r/monero by /u/pet2pet1982 on 2024-01-17 05:48:45.

In the latest interview to CNBS mr. Gensler has said literally the following:

“ I taught about at MIT around a ledger system. It’s just an accounting system called the Blockchain technology. But there’s an irony in the midst of that. Satoshi Nakamoto said this was going to be a decentralized system. And finance – this has led to centralization. Think about the irony of those who say this week is historic. This was about centralization and traditional means of finance… “

Indeed, Bitcoin industry is heavily centralised and hardly censored by established total KYC control over Bitcoin blockchain. Furthermore, your Bitcoins can be easily infected by Dirtiness if you involve just a tiny part of them in a susceptible trade process over the transparent blockchain.

Then, interviewer contradicts Gensler that Bitcoin has a distributed ledger still, despite some kind of centralisation of a price determining process, and Gensler does speak exactly like he were a Monero evangelist:

“ No, Andrew, with all respect, there’s a lot of centralization here. And even the underlying ledger, largely the bitcoins produced by a handful of mining companies and the like. And so, I’m just saying, now, in terms of monetary history, monetary history, we have a dollar, we have a yen, we have a euro, we have renminbi, and there’s a reason for it because we do have a common economy that relies on those currencies. “

But this is precisely the argument used by Monero adopters: indeed, even Bitcoin mining industry is heavily centralised due to ASICS, and Monero price is insensitive to the latest total centralised exchanges delisting due to there is a whole economy of prohibited chemical compounds are being traded directly for Monero.

Apart of all the jokes, people, recognise, Bitcoin is not a cryptocurrency anymore, if even Gensler uses arguments against Bitcoin, copy-pasted from Monero evangelists.

Share this at your social media, tell all your friends in real life, and remember the fact: despite tiny tail emission designed to support real life’s growing economy, total coin supply of Monero will remain less than total coin supply of Bitcoin till year 2040, whole 16 years of lesser inflation!