The SEC has told us it wants to sue us over Lend. We don’t know why • Hacker News Board

Re: The SEC has told us it wants to sue us over Lend. We don’t know why

#451

Post by arcticbull » Fri, Sep 10, 2021, 12:56 AM UTC

SilasX wrote: post #450

arcticbull wrote: post #424

Earlier quoted context omitted.

> [edit] No, not a point of agreement -- if the SEC is silently accepting a new exception to Howey based on market realities, then what Coinbase is doing isn't a crime. That's not what they're doing, and yes it is a crime lol. It would work just as well with murder, but you're choosing to look the other way because it's white collar. > That's the problem with stonewalling: You don't know what the other side actually…

>That's not what they're doing, and yes it is a crime lol. It would work just as well with murder, but you're choosing to look the other way because it's white collar. The whole point of asking the SEC is to know where they fall, since it's unclear whether they've silently accepted stuff like Gemini, or whether there's a substantively different or whether they will prosecute. Assuming that it's a crime is assuming aw…

> No, I saw your comment more than 3 minutes after posting and it had significant un-noted edits, and now you're just mocking me by flooding your comment with [edit].

My dude I took your feedback lmao, if you can't assume good faith here this conversations over.

Re: The SEC has told us it wants to sue us over Lend. We don’t know why

#452

Post by throwaway34241 » Fri, Sep 10, 2021, 9:01 PM UTC

KuhlMensch wrote: post #449

throwaway34241 wrote: post #382

Earlier quoted context omitted.

> So the bankers kept all their profits and everyone else lost big. I believe the government actually made a profit on the bailouts (the TARP program), probably because they bought while prices were low. Not that there isn’t a lot to criticize about how things went down. I wouldn’t put too rose-colored-glasses on the pre-central bank era either, we still had financial panics and bank failures and the fact that the wo…

Interesting. Remeber where you read the though experiment?

I don't remember where I read that, sorry. On the general topic though I can recommend Ray Dalio (a retired guy who founded the largest hedge fund), who has some pretty good free stuff online that isn't too jargon heavy.

For example his video at [1] is a pretty time efficient introduction to country-level debt dynamics (and it's endorsed by some high level people like the Khan Academy guy), and he also has a free book [2] that goes into detail for bunch of historical cases.

[1] https://economicprinciples.org/

[2] https://www.principles.com/big-debt-crises/

Re: The SEC has told us it wants to sue us over Lend. We don’t know why

#453

Post by [deleted] » Sat, Sep 11, 2021, 6:09 PM UTC

anonymoushn wrote: post #444

quickthrowman wrote: post #348

Earlier quoted context omitted.

It’s not risk free, US Treasuries are ‘risk-free’ and anything that pays a higher yield has risk. If it didn’t have risk, it would be arbitraged down to the risk-free rate.

You can post that markets are efficient and I'll keep making money from obvious inefficiencies I guess.

[deleted]

Re: The SEC has told us it wants to sue us over Lend. We don’t know why

#454

Post by frm210 » Mon, Sep 13, 2021, 1:53 AM UTC

toomuchtodo wrote: post #327

hajile wrote: post #314

Earlier quoted context omitted.

Central banking is itself insecure. In 2008, the banks failed. They put a gun to the heads of everyone in America and said "bail us out or you lose everything". So the bankers kept all their profits and everyone else lost big. That is just one of many central bank failures. The only difference from the many small bank system that came before is that instead of a bank here or there failing and everyone else moving on,…

Your issue is not with the central bank. It is with the social contract a nation state has with its citizens (which is expressed through monetary policy), which can't be solved through code.

The social "contract" is only useful up to the point that it is enforceable. Cryptography can in fact hide much from the state.