631–640 of 790 posts
Earlier quoted context omitted.
Every anarchist experiment failed? The Internet's still around, buddy.
The Internet was created by DARPA and while it got a little wild in the 90s, neither its origins or current form in any way resemble anarchy.
Earlier quoted context omitted.
Every anarchist experiment failed? The Internet's still around, buddy.
The thing created by a US Government agency at the height of the Cold War is your example of anarchist success story?
So wouldn't this trigger and potentially be blocked by CFIUS? Given Binance's Chinese roots and the general anti-China sentiment in US politics. Here is an article about the twitter acquisition also with Binance/CZ onboard - this would similar or worse, no?: https://www.brookings.edu/research/the-national-security-gro... The national security grounds for investigating Musk’s Twitter acquisition
CZ has shut down the China branch, and was essentially banned since their crypto crackdown. He has been publicly critical of the CCP government too. The gov may not have much leverage over him.
As CZ becomes massive target for the SEC.
And is sued into oblivion for insider trading, laundering or whatever they can make stick.
By whatever jurisdiction CZ/Binance has any ties to… and the US/SEC/Fed can strong-arm.
Earlier quoted context omitted.
Found it: Speaking with the Financial Times on July 14, Bankman-Fried stated that if FTX can become the top crypto exchange and supplant rivals such as Coinbase and Binance, the idea of purchasing giants such as Goldman Sachs and CME group is not off the table: “If we are the biggest exchange, [buying Goldman Sachs and CME] is not out of the question at all.” https://cointelegraph.com/news/billionaire-sbf-says-ftx-ma…
Any crypto exchange posturing buying out the likes of Goldman or CME are obviously doomed to fail. There's a fundemental difference between having courage and being down right lunatic, SBF definitely falls in the latter...
Earlier quoted context omitted.
Notably, according to crypto evangelists. No one thought the internet was a fad. It had a time when it was novel and therefore people who didn't know how to use it would make fun of it, but absolutely no one who used it thought it was a 'fad'. As soon as the first web browser became accessible to consumers the dot com era exploded. There is a difference between 'didn't hit mass adoption due to massive infrastructure…
> No one thought the internet was a fad. Wrong. [0] 1995 Wired Magazine "Most things that succeed don’t require retraining 250 million people." [1] 1995 NewsWeek "The Internet is a fad" https://www.peterlundell.com/the-internet-is-a-fad/ [2] 2000 Daily Mail "Internet may be just a passing fad as millions give up on it." https://regia-marinho.medium.com/internet-may-be-just-a-pass... etc. etc. Anyone who was a nerd in…
Earlier quoted context omitted.
The FDIC is just a ruse to let "useful idiots" think that everything is okay. In reality, the FDIC charges banks 90% less than the actuarial value of the risk they take on, and banks make wildly risky loans/bets all the time, knowing it's "heads I win, tails the taxpayer loses." Insofar as you can call US Finance any better than crypto, it's because of socialized losses. IMO, bank failures are a much more appropriate…
What is the 'actuarial value' of the risk a bank takes on?
Earlier quoted context omitted.
Buying MDMA safely. This isn't a joke. Drug prohibition causes harm, crypto provides a much safer way to obtain psychedelics. If all your purchases are safe for the state to be aware of, good for you.
It seems insane to me people would buy/sell drugs in a prohibition nation on a public ledger.
Earlier quoted context omitted.
Does anyone both use these and correctly report their taxes? The accounting seems like a pain.
Oh absolutely. I would never not let the government take a slice of my hard earned money.
(If everyone pays income taxes, noone’s relative purchasing power is reduced by paying them, because you have the same % of the money supply. More or less.)
Earlier quoted context omitted.
Notably, according to crypto evangelists. No one thought the internet was a fad. It had a time when it was novel and therefore people who didn't know how to use it would make fun of it, but absolutely no one who used it thought it was a 'fad'. As soon as the first web browser became accessible to consumers the dot com era exploded. There is a difference between 'didn't hit mass adoption due to massive infrastructure…
> No one thought the internet was a fad. Wrong. [0] 1995 Wired Magazine "Most things that succeed don’t require retraining 250 million people." [1] 1995 NewsWeek "The Internet is a fad" https://www.peterlundell.com/the-internet-is-a-fad/ [2] 2000 Daily Mail "Internet may be just a passing fad as millions give up on it." https://regia-marinho.medium.com/internet-may-be-just-a-pass... etc. etc. Anyone who was a nerd in…
Contrast this with a cryptocurrency technologies, which are completely understood at this point and still lack legit real-world use at scale beyond speculation and yet it is constantly claimed that 'it just takes time for brilliant technology to find a use case'.
As far as I can recall, this has never been the case in the modern world -- every paradigm changing technology has had an immediate and obvious application where it greatly surpassed anything before it, regardless of if it took years or decades to build infrastructure and educate people on how to use it.