Would love a little middle ground between worshipping at the alter of Michael Saylor and btc is a scam that’s going to zero.
As stated previously, they contributed a signature. https://www.cnn.com/2023/02/15/business/sam-bankman-fried-bail-cosigners-stanford/index.html A federal judge released the names of two people who co-signed Sam Bankman-Fried’s $250 million bail deal, which allowed him to be released on house arrest while he awaits trial on federal fraud and conspiracy charges. In documents made public Wednesday afternoon, the court revealed that Larry Kramer, a former dean of Stanford’s law school, and Andreas Paepcke, a Stanford computer scientist, each signed on as guarantors. Kramer and Paepcke signed bonds worth $500,000 and $200,000, respectively. Bankman-Fried’s parents, both Stanford law professors, are also guarantors, and used their Palo Alto, California, home to secure the bond. In a statement to CNN, Kramer described Joe Bankman and Barbara Fried as close friends since the mid-1990s. “During the past two years, while my family faced a harrowing battle with cancer, they have been the truest of friends … In turn, we have sought to support them as they face their own crisis,” Kramer said. He added that he had “no business dealings or interest in this matter other than to help our loyal and steadfast friends.” Paepcke didn’t immediately respond to CNN’s request for comment. Prosecutors have described Bankman-Fried’s bail deal as one of the largest ever pre-trial bonds. But neither Bankman-Fried nor the guarantors will have to pay any amount unless he fails to show up to court. Judge Lewis Kaplan ordered that the bonds be placed on the public court docket after an appeals court failed to rule in time on an objection from Bankman-Fried’s defense lawyers, who sought to keep the names redacted, citing concerns for their privacy and safety. The release of the guarantors’ names came a day before Bankman-Fried was set to appear in New York federal court for a bond hearing.
Well Gensler is a clown, in a perfect world the SEC and most other federal institutions would be wiped clean so we can get out from under the insane cronyism that has made pretty much everything in this country benefit the already wealthy.
Genslers interviews on the FTX stuff were so revealing on just how fucking inept him and his entire organization are.
There’s no irony. It’s just reality. For literal years, btc people have said everything non-btc is a security with security associated risks. Reacting to that as anti-btc is more a reflection on you.
I don't think categorizing anything thats not btc as a security serves btc's interests quite like the maxi community thinks it would. It takes like 3 brain cells to understand why that is.
This is silly. All securities aren’t shams obviously. But they do have to follow securities laws. Go ahead and explain your position instead of just vaguely hinting at it. Mine has been pretty clear for awhile now: everything non-btc besides stable coins is a security, has to follow securities laws, and comes with unaccounted for risks due to the fact they aren’t following such laws.
NFTs are securities. This isn't news or a big deal. It kinda shows that Ethereum and other blockchain networks have more capabilities than bitcoin, if anything. What a weird bump. "Bitcoiners have been saying this for a while" in the 2nd tweet. Motherfucker WE have been saying this for a while ITT.
Nfts aren’t securities though. Apes, top shot, punks, etc. aren’t securities. But eth, solana, and the like are. And lol at that as a more capabilities comparison to btc. Apples to oranges. The eth comparison should be to google, Microsoft, and apple.
Dapper Labs is currently in the news for Top Shot being an unregistered security... You use smart contracts built off blockchain networks that you just mentioned above to create those NFTs/securities. What are you saying? Your post came off as an "aha, I told you so" moment while using a quotes from Gensler in the process. Now it's the apples to oranges talk. This thread is a broken record at this point.
The dapper labs news is that a lawsuit survived a motion to dismiss...Hardly dispositive and not a stance the SEC has taken. My post definitely is a "told you so." The SEC's stance seems pretty clear that everything non-btc is a security. Maybe the industry will get some blockchain legislation, maybe not. It's also entirely unclear to me why you seem to think it would be a good thing for NFTs to be securities. Pokemon cards and physical art are not securities. Not sure why you'd want the digital collectibles to be regulated any differently.
I think that all crypto is speculative bullshit. You think that all but one crypto is speculative bullshit you're almost there
Has anyone that invested in Pokemon cards ever been given free items or been allowed to invest their cards for additional incentives? Is there some Pokemon currency that is tradeable for USD? I'm not familiar with Pokemon cards but I think we all know I'm geeky about NFTs. NFTs behave as securities. I'm not arguing in circles with the likes of this thread today, however. The big difference is what the SEC, or Gensler, chooses to regulate. The rest of the world doesn't care, just like they don't care about the differences between bitcoin and "the others"
Cool. If it’s a multi-trillion asset a decade from now and has been in existence for 25+ years, you’ll sound like old man yells at cloud about btc. The back and forth is boring if there’s literally nothing to invalidate your surface level take.
Actual btc? No. Price? Not in any substantive long-term way. Mt. Gox, ftx, china mining ban, etc. were far more damaging to price. This was just a mismanaged bank.
Curious if you or anyone you follow has touched up on Ordinals yet. Not from the JPEG bit, but thinking of things like inscribing banned books on the blockchain or the use case that BTC is censor-proof or can be used as a timeline is pretty interesting. Know anything about it?
Is this just to cover up loop holes or they really see no difference between using a public utility vs an at home solar panel?
I’ve heard plenty of podcasts on it with a pretty wide range of opinions. It’s having a bit of a moment now with the yuga stuff, but I’d be surprised if it’s a thing 5-10 years from now. lol. Love government deciding what is and is not a permissible use of energy. Do video games, TV, holiday lights, and dish washers next. Or watch all the grid balancing dynamics and benefits disappear in the US and go overseas. What a dumb proposal.
Idk what he is trying to say here but this is kind of my point. Why would there be no incentive for energy efficient miners? Unless you’re just trying to get rid of the industry as a whole…
The WH justification of hindering a transition to a low emission future is uhhh wrong. The mining/esg thing has been beaten to death, and there are plenty of fact-based resources if you want to read about it ( https://www.michael.com/en/resources/bitcoin-mining-and-the-environment). If the US wants to regulate btc and crypto to push it to other markets, that’s fine. I think it’s a mistake.
The maxi slant on everything is hilarious. Kucoin gets sued and the first thing in his tweet is Eth is a security!! Lol
We've been hearing the "ETH is a security!" chatter for like 6 years You can buy a Bitcoin NFT with ETH so now there's a "bridge" to essentially make BTC able to act and behave as a security, too.
Deflect! The news isn’t that the NYAG thinks eth is a security…NO it’s that btc people point that out!