It came as no surprise that their ‘Crypto needs rules’ billboard campaign was heavily criticized by Bitcoin users, in particular.
This is because running your own full node is the only way to enforce the rules – the rules of the Bitcoin protocol. In fact, Bitcoin was specifically designed so people can transact without having to trust anyone – even in the presence of bad actors.
“Some have wondered why Gemini believes the Revolution Needs Rules,” Cameron Winklevoss responded last week.
Answer: ”Crypto doesn’t need rules, but the companies built on top of it do.”
He cited an excerpt from court-appointed monitor’s third report filed in Nova Scotia Supreme Court on the matter of the defunct QuadrigaCX exchange that lost millions in customer funds.
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