Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. Harrison Beck

    Harrison Beck Bailout Bro
    Donor
    Detroit LionsLiverpoolNebraska Cornhuskers alt

    Would love a little middle ground between worshipping at the alter of Michael Saylor and btc is a scam that’s going to zero.
     
    PAHokie and dblplay1212 like this.
  2. Whammy

    Whammy Donde es
    Donor
    Alabama Crimson TideVanderbilt CommodoresNew Orleans SaintsChicago BlackhawksAtlanta United

    6D26B8E4-FE3F-40B2-A14F-F6960DE9C440.gif
     
  3. Harrison Beck

    Harrison Beck Bailout Bro
    Donor
    Detroit LionsLiverpoolNebraska Cornhuskers alt

    Pretty incredible headline after reading the article.
     
  4. user15000

    user15000 Well-Known Member

    Lol. Wait til you find out what criminals do with dollars…
     
  5. Whammy

    Whammy Donde es
    Donor
    Alabama Crimson TideVanderbilt CommodoresNew Orleans SaintsChicago BlackhawksAtlanta United

  6. soulfly

    soulfly Well-Known Member
    Donor
    Seattle MarinersSeattle SeahawksBarcelonaSeattle SupersonicsSeattle SoundersSeattle Kraken

    Cocaine
     
    PAHokie and Tug like this.
  7. Whammy

    Whammy Donde es
    Donor
    Alabama Crimson TideVanderbilt CommodoresNew Orleans SaintsChicago BlackhawksAtlanta United

  8. Harrison Beck

    Harrison Beck Bailout Bro
    Donor
    Detroit LionsLiverpoolNebraska Cornhuskers alt

    Chuddy
     
    Whammy likes this.
  9. dblplay1212

    dblplay1212 Well-Known Member
    Donor TMB OG
    Alabama Crimson TideNew York YankeesJacksonville Jaguars2pacSneakersFormula 1

    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.
     
  10. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    Yeah that’s how a bail bond works. Normally you pay a company to be the guarantor.
     
  11. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  12. dblplay1212

    dblplay1212 Well-Known Member
    Donor TMB OG
    Alabama Crimson TideNew York YankeesJacksonville Jaguars2pacSneakersFormula 1

    Not in fed cases. That's what people couldn't grasp.
     
  13. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    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.
     
    Whammy and Harrison Beck like this.
  14. Harrison Beck

    Harrison Beck Bailout Bro
    Donor
    Detroit LionsLiverpoolNebraska Cornhuskers alt

    Bitcoin maxis are the woat
     
    dblplay1212 likes this.
  15. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    Genslers interviews on the FTX stuff were so revealing on just how fucking inept him and his entire organization are.
     
    Harrison Beck likes this.
  16. user15000

    user15000 Well-Known Member

    How’s that? Because what they’ve said about security regs is right?
     
  17. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    The irony of the “cyber hornets” sucking off the SEC is so funny to me.
     
    Harrison Beck likes this.
  18. user15000

    user15000 Well-Known Member

    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.
     
  19. AptosDuck

    AptosDuck Pedantic Hausfrau
    Donor
    California Golden Bears

    "Every religion but mine is a sham"
     
  20. Harrison Beck

    Harrison Beck Bailout Bro
    Donor
    Detroit LionsLiverpoolNebraska Cornhuskers alt

    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.
     
    #23172 Harrison Beck, Feb 26, 2023
    Last edited: Feb 27, 2023
  21. user15000

    user15000 Well-Known Member

    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.
     
  22. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
    Donor
    Oklahoma State CowboysTexas RangersDallas MavericksDallas CowboysNashville Predators

    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.
     
  23. user15000

    user15000 Well-Known Member

    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.
     
  24. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
    Donor
    Oklahoma State CowboysTexas RangersDallas MavericksDallas CowboysNashville Predators

    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.
     
  25. user15000

    user15000 Well-Known Member

    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.
     
  26. AptosDuck

    AptosDuck Pedantic Hausfrau
    Donor
    California Golden Bears

    I think that all crypto is speculative bullshit. You think that all but one crypto is speculative bullshit

    you're almost there
     
  27. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
    Donor
    Oklahoma State CowboysTexas RangersDallas MavericksDallas CowboysNashville Predators

    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"
     
  28. user15000

    user15000 Well-Known Member

    Yawn

    What would it take for you to admit you're wrong on btc?
     
  29. AptosDuck

    AptosDuck Pedantic Hausfrau
    Donor
    California Golden Bears

    You sound like my Baptist MIL
     
  30. user15000

    user15000 Well-Known Member

    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.
     
  31. AptosDuck

    AptosDuck Pedantic Hausfrau
    Donor
    California Golden Bears

    If you're bored, perhaps we could debate how many blockchains can dance on the head of a pin
     
    dblplay1212 likes this.
  32. soulfly

    soulfly Well-Known Member
    Donor
    Seattle MarinersSeattle SeahawksBarcelonaSeattle SupersonicsSeattle SoundersSeattle Kraken

    Does Silvergate going tits up impact BTC at all?
     
  33. user15000

    user15000 Well-Known Member

    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.

     
  34. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
    Donor
    Oklahoma State CowboysTexas RangersDallas MavericksDallas CowboysNashville Predators

    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?
     
  35. Harrison Beck

    Harrison Beck Bailout Bro
    Donor
    Detroit LionsLiverpoolNebraska Cornhuskers alt

    Jpegs and shitcoins on btc. What a time to be alive.
     
    Penguin The Duck likes this.
  36. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
    Donor
    Oklahoma State CowboysTexas RangersDallas MavericksDallas CowboysNashville Predators

    It’s like we went back to using fax machines
     
  37. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

  38. JonathanCoachman

    JonathanCoachman The Coach
    Donor
    EvertonSouth Carolina Gamecocks

    Damn big government always turning their back on good ole fashioned blue collar miners.
     
    construxboy and brolift like this.
  39. Harrison Beck

    Harrison Beck Bailout Bro
    Donor
    Detroit LionsLiverpoolNebraska Cornhuskers alt

    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?
     
  40. user15000

    user15000 Well-Known Member

    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.
     
    letan likes this.
  41. Tug

    Tug Well-Known Member
    Donor
    Detroit LionsDetroit PistonsMichigan State Spartans

    Most of the thing you list here have government discounts for energy efficiency don’t they?
     
  42. user15000

    user15000 Well-Known Member

  43. Harrison Beck

    Harrison Beck Bailout Bro
    Donor
    Detroit LionsLiverpoolNebraska Cornhuskers alt

    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…
     
  44. user15000

    user15000 Well-Known Member

    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.
     
  45. Harrison Beck

    Harrison Beck Bailout Bro
    Donor
    Detroit LionsLiverpoolNebraska Cornhuskers alt

    The maxi slant on everything is hilarious. Kucoin gets sued and the first thing in his tweet is Eth is a security!! Lol
     
  46. Harrison Beck

    Harrison Beck Bailout Bro
    Donor
    Detroit LionsLiverpoolNebraska Cornhuskers alt

    No ifs pal, it’s happening.
     
  47. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
    Donor
    Oklahoma State CowboysTexas RangersDallas MavericksDallas CowboysNashville Predators

    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.
     
  48. user15000

    user15000 Well-Known Member

    Deflect! The news isn’t that the NYAG thinks eth is a security…NO it’s that btc people point that out!