Yes. Crypto shitcoins are a way for a16z and other early stage venture investors to dump garbage on retail. Welcome to idk like 2017 and ICOs. People have been calling this out for literal years.
A lot of wasted energy on venture capitalists and influencers operating in this space It's almost like their greed and desire for making money are in both of their names and not mutually exclusive to crypto
Just one time ask yourself why the US government regulates btc as a commodity and implies if not outright says that everything else is a security. If you ever figure that out, you might get why “yes” btc is different.
Oh that’s interesting. You should tell that to Gensler who has made countless comments to the contrary.
I have no interest in solana but simple context says 2021 was a historic run and it would make sense for a VC, investor, or individual to take profits. It peaked around $250 at end of 2021. It’s around $11 now. Pretty sure people thought solana would be one of those eth killers
This isn’t even hard to google. The SEC is doing a dogshit job enforcing its view, but Gensler plainly thinks most everything is an unregistered security. He won’t publicly comment on eth (read bt the lines) and only comments on btc. https://www.google.com/amp/s/www.protocol.com/amp/gensler-sec-crypto-securities-2658164486 Speaking to a conference of attorneys, Gensler made clear his view that most crypto tokens are securities that fall under the SEC's jurisdiction. The SEC's oversight role "should not change just because the issuance and trading of certain securities is based on a new technology," he said. "Some in the crypto industry have called for greater 'guidance' with respect to crypto tokens," Gensler said. "Not liking the message isn’t the same thing as not receiving it."
Any company that needs to hire a consultant to tell it how to do its job is a company that probably should have failed long ago.
You are thinking Main Street diner not multibillion dollar conglomerate that needs to extract more and more capital from their customers on a quarterly basis. Gotta think outside the box
Could not possibly take anyone seriously who wastes their precious time on this earth listening to these fucks I'm at a total loss for what their appeal could possibly be
I think it's an interesting case for just barricading crypto away from the rest the economy and markets and how so far it's been successful
I agree with this but add regulations for custodians as far as audits making sure digital assets are backed etc
Maybe, but the more you do things like this the pressure for bailouts increases which imo is the goal of the crypto community
I think that they should at least have to follow the same rules as far as walls being in place between asset management and broker dealers. And FTX should not have been able to market themselves as an exchange. If you are holding customer funds you are not an exchange, you are a broker that also runs a liquidity pool. And, to say no one has been bailed out - is FTX Bear Stearns part of the cycle or are they Merrill Lynch/AIG? I don't think we would see anywhere near the same contagion if the world of crypto went up in smoke, but that's not to say that isn't possible down the road.
The crypto community at large wants to embed itself within institutional banking so it benefits from federal protection once it reaches a large enough size and connection. It's not a coincidence how much crypto focused on said adoption over the past two years or why sbf and others got into lobbying
an easily recognizable crypto community was just geofenced or banned from being able to stake their crypto in countries like the US that do not agree with this opinion of yours The crypto community “at large” wants the opposite of what you just said.
I think it's a goal to tie itself to the general wellness of the economy at large. No they would never say that out loud
I guess I don't have crypto brain??? The reaction didn't match what I'm reading in the headlines at all
Another question left unanswered, but who exactly is losing their minds? Where are these crypto bros that are screaming for regulation I don't see it. Help!
Guess you've missed a half decade plus of doing far more friendly coverage of Donald Trump and people like Richard Spencer
If you look at NYT headlines, they quite often question if Trump is a criminal. They aren’t saying he was going to save the world.