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Operation Choke Point-2.0: Excellent, detailed summary of OCP2.0 courtesy of Cooper & Kirk, a law firm that sued FDIC, OCC & Fed over Operation Choke Point 1.0
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There aren't any bears only opposition. The FED, Wall St, tutes etc etc are all bullish on bitcoin which is why they suppress it - OCP 2.0 and the like. They KNOW it threatens their $ empire.
Not a firm grasp but I think the major worry is the fractioning of the reserve and the issuance of paper bitcoin by the ETF providers. It's hard to disprove. The futures market is the biggest problem for bitcoin as that is all paper bitcoin. I'm convinced it's used to suppress the $ price. Just look at the chart before and after Jan 2018 when futures started trading. We have been in a relative depression ever since. With OCP2.0 it's clear that powerful forces are trying to keep bitcoin down as long as possible. The higher bitcoin goes in $ terms, the more dangerous it is to the $ fiat complex. The FED, deep state, Wall St are all painfully aware of this.
I get the impression a lot of people on this sub maybe just got into crypto in the last few months. You've seen Trump pull some pretty scummy moves with his memecoin, with courting a government reserve for tokens where there is no strong argument for it, and for playing favorites, rather than just opening up the playing field while going after scammers. Let me start by saying, all of these criticisms are valid. It's not dignified for a US president to launch a memecoin. It's not stabilizing for the industry for him to tweet out specific tickers. All of these complaints are fair. BUT This is still a million times better than what we had before. Attempts to astroturf the idea that Trump is "bad for crypto" are completely blind to just how terrible things were under the Biden/Gensler regime. I'll lay out just a few reasons why: The SEC The Gensler SEC was one of the spearheads of anti-crypto warfare. They resisted BTC ETFs right up until the courts said they couldn't do so any more, they got SEC offices literally shut down for their bad behavior (the DEBT box case), they notoriously said "Just come in and register" and then sued the companies that tried to do the right thing (see: Bittrex). They held up Prometheum as a "compliant crypto company" when it was literally just a front staffed by their own insiders so that they could say "hey there is a path to compliance, these guys did it". They met with SBF. One of the great scandals of the whole SBF fiasco is "why did the 'campaign finance' (aka political bribery) charges against SBF get dropped"? Throughout this whole period of a hostile, litigious, aggressive, SEC, there were always two commissioners dissenting. Mark Uyeda and Hester Pierce pointed out, again and again, that this was a ridiculous way to "regulate" an industry, and did nothing but prevent honest builders from building, and push them overseas. Well under Trump Uyeda is now the acting SEC head, and Pierce is promoted as well. The calm, balanced, pro-crypto commissioners are no on top. The toxic, hostile, big-bank protecting commissioners are gone. One big point for Trump. Other Government Positions Operation Choke Point 2.0, a multi agency attempt to squeeze out and kill crypto, wasn't just limited to the SEC. The FDIC, the OCC and others were all responsible. The FDIC pause letters that Coinbase has unearthed through the Freedom of Information Act show that the FDIC would tell banks "You can't deal with crypto until we have more clarity" and then would just never get back to them. A de facto ban on crypto, even while it was completely legal. Add this to the debanking scandal that is currently being investigated and you have a shady and underhanded system to suppress crypto builders without going through any of the usual channels. Trump's appointments across all of these agencies, from Atkins, to Lutnick, to Bessent in treasury, constitute a paradigm shift in this approach. All of the major regulatory agencies are now headed by people who understand the potential of crypto and want it to grow. The architects of OCP2.0 are being investigated, victims of debanking are coming forth in waves, and the situation has pulled a complete 180. The regulators under Trump have gone from unbelievably hostile and shady, to open to innovation. It is impossible to overstate the significance of this to local builders. You can actually build again. Another huge point to Trump. Results already These changes are already bearing fruit. SAB121 was the ridiculous accounting rule that was brought in against crypto to stop banks from holding it. Even when both houses tried to knock it down, Biden kept it in by executive order. SAB121 has been destroyed. Another point to Trump. And just today, the Senate voted 70-27 (with 18 Democrats this time, indicating that senate democrats are finally breaking ranks) to overturn the ridiculous IRS broker rule that tried to make every single DeFi front end a "broker" and would have killed DeFi in the USA. Yes. Trump's memecoin antics are gross. But anyone who has followed along with the absolutely hellish "regulation by enforcement" of the Biden admin, Operation Choke Point 2.0, debanking, the forced closure of Silvergate and Signature banks to take out crypto's traditional banking rails, SAB121, the IRS broker rule, and all of the other backdoor ways that the Biden admin tried to suppress, squeeze out and kill crypto, knows that even with a crappy memecoin, Trump is a million times better than what we had before.
This is literally it. OCP 2.0, "im building an anti-crypto army" etc.
Trump literally just gave a crypto-friendly speech, specifically addressing many fears and concerns like OCP2.0, CBDC, stablecoins, self-custody, and we get multiple threads full of people downplaying it, full of comments who also downplay it or ignore the actual substance. Then we get this, which is nothing, and people are like "oh this is good news!" No one is even trying to be objective here, they should just disallow any political threads honestly.
It's funny because... there was, but this sub, like usual, made no effort to actually find it and just stepped right into lockstep with the first thread that supported their bias. There wasn't a ton of detail but he covered most of what I expected, in addition to OCP2.0 and commuting Ross Ulbricht sentence which were both exciting to hear.
I mean, you could at least look up the transcript and reference something he hasn't said previously if you forgot. Like OCP2.0, stables, mining, ross ulbricht, cbdc... but nah, you had to reference the stuff people have been saying ad nauseum for the last few weeks. Maybe you did watch it, but you mustn't have retained much of the info.
OG, I think you're spot on. Most BTCers are pro-decentralisation, anti-regulation, anti-fiat, anti-NWO etc. ​ Yet we're all blindly cheering on Blackrock, the modern day, real-life OCP (Robocop), Tyrell Corp (Blade Runner), or Weyland-Yutani Corp (Aliens). ​ We're so blind to the greed and profits, that we don't realise we're walking into a trap. ​ Yes, BTC will go to the moon. ATH will be obliterated in 2024. But I think a huge crash is coming very soon (within the next 3 months), that will absolutely wreck a lot of n00bs. I say have a 10 year plan and HODL. But the current hysteria and Blackrock/ETF mania stinks of greed and fomo.
And who will monitor CZ for scams? Lol. This is the equivalent to OCP taking over the Detroit police department.
Probably thinking OCP from Robocop ? 😂
Very different application. I am not talking about conductive or not. Just check our OCP and Intel guidelines: mineral oil not recommended. But maybe for mining it is different, I was referring to being it “common”.
OCP: Small mkt cap gem. Over $20M TVL across the protocol with a mktcap of under $600k
OCP: Small mkt cap gem. Over $20M TVL across the protocol with a mktcap of under $600k
All $OCP social links: [https://dxco.in/0x3C70260eEe0a2bFc4b375feB810325801f289fBd](https://dxco.in/0x3C70260eEe0a2bFc4b375feB810325801f289fBd) * Telegram ✅ * Twitter ✅ * GitHub ✅ * Website ✅
It just hit me that someone should make a stablecoin with the abbreviation OCP that you can buy for a dollar. (Robocop reference).
tldr; OCP Group and the Eastern and Southern African Trade and Development Bank (TDB) have completed the first ever large-scale intra-African transaction using blockchain. $270 million of the transaction has been completed while the rest is expected to be “executed” in the coming months. OCP Group delivered phosphate fertilizers from Morocco to Ethiopia. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Moroccan fertilizer company OCP Group has executed a $400 million transaction using blockchain technology. The deal was facilitated by the Eastern and Southern African Trade and Development Bank. The companies say that the use of blockchain tech simplifies the supply chain process, making it easier to validate documentation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
A state-owned Moroccan fertilizer company has executed a $400 million transaction using blockchain technology, in what it says is a first for intra-African commerce. In a deal facilitated by the Eastern and Southern African Trade and Development Bank, OCP Group sold phosphate fertilizer exports to Ethiopia using blockchain technology, in a deal worth an initial $270 million. The remaining deals will be executed in the coming months, taking the full transaction value to $400 million, reports Global Trade Review.