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SEC has not approved Bitcoin ETFs [fixed]

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Re: SEC has not approved Bitcoin ETFs [fixed]

#361

Post by colecut »

eli wrote: post #351
mrb wrote: post #341

Earlier quoted context omitted.

Cryptocurrency, when used as intended, is pretty boring. Send funds from A to B. Done. yawn . You won't see headlines about it. The news that make it to your eyeballs are always sensational: fraud, crime, scams, etc. So if your exposure to crypto is only through the media, as opposed to actually using it yourself, it is logical for you to associate crypto with fraud.

it’s also not a particularly good way to send money from one person to another

It's absolutely the fastest way to send larger sums of money.

Re: SEC has not approved Bitcoin ETFs [fixed]

#362

Post by edgyquant »

crtified wrote: post #329

The SEC should never have put itself in the position where it was vulnerable to this type of online impersonation. This seems less about crypto - after all, crypto will crypto - and more about " why the heck did the SEC normalise Twitter as a communications outlet!? ".

I don’t believe it was the SEC who normalized Twitter as the default communications platform. It was the public and the media who did that and the SEC followed

Re: SEC has not approved Bitcoin ETFs [fixed]

#363

Post by chucknthem »

johnea wrote: post #147

This is exactly why official agencies should have their own mechanismm of public communication, and not rely on 3rd party corporate chat platforms... How the FED, SEC, and any government office thought having a faceplant or twit account was good idea is beyond me... Of course, those who throw themselves gushingly at every corporate slime to crawl out from under a rock will have a hard time understanding this opinion.…

How does it change things if they had their own communications platform and someone hacked that to send this message?

Re: SEC has not approved Bitcoin ETFs [fixed]

#364

Post by Shekelphile »

mecsred wrote: post #284
cempaka wrote: post #178

Matthew C. Klein pointed out on Twitter: "the owner/operator of this website has a longstanding grudge against America's securities regulator."

Are we seriously suggesting that the password was intentionally leaked? The crackback against twitter and Musk with even a shred of evidence would be devastating. The idea that anyone's creds would be intentionally leaked is unbelievable to me, much less the creds of a US govt institution.

Why not? Musk has a history of direct personal attacks against people who criticize him (he just recently purged a bunch of people from twitter today, no less) as well as a history of directly pump and dumping shitcoins for him and his crony's personal gain.

It seems so likely that it should probably be assumed that this is the case imo.

Re: SEC has not approved Bitcoin ETFs [fixed]

#366

Post by im_down_w_otp »

mrb wrote: post #357
yao420 wrote: post #350

Earlier quoted context omitted.

I have not used the online version but you could have just as easily walked into a western union and done the exact same thing for substantially less fees.

Nope. The closest Western Union/MoneyGram/similar services to me were hours away by car. Hence why we tried to do it online. We tried MoneyGram because my friend was banned from Western Union. But even MoneyGram wasn't possible quickly online.

The TAM on homeless friends who need fast cash internationally on Sundays is probably huge.

Re: SEC has not approved Bitcoin ETFs [fixed]

#367

Post by drbacon »

ionwake wrote: post #355
drbacon wrote: post #353

Earlier quoted context omitted.

You should also add on the forked coins' values that tamimio owns.

Good point, but arent there only like 2 forked coins with any value? BCH and bitcoin gold? I think thats it.

Even Bitcoin SV is at $90 per coin, for a 90 thousand percent gain.

$1,111 of Bitcoin in 2010, would net you $1M today in Bitcoin SV alone, even if you gave away your Bitcoin, Bitcoin Gold, and Bitcoin Cash.

Re: SEC has not approved Bitcoin ETFs [fixed]

#368

Post by chaps »

yieldcrv wrote: post #314
dageshi wrote: post #52

I am glad to see the cyberpunk future of hackers impersonating government agencies in order to pump and dump digital currency has finally arrived.

you know those amateurs at the SEC were trying to schedule a post and accidentally pressed send gensler freaked out and said it was compromised

The 2023 Chicago mayoral candidate, Paul Vallas, did very similar. He was found to have liked a bunch of posts and claimed it was hacked. It was clear almost immediately that he was lying about it, since it kept happening on his other accounts.

Re: SEC has not approved Bitcoin ETFs [fixed]

#369

Post by derangedHorse »

andrewla wrote: post #84
derangedHorse wrote: post #56

Earlier quoted context omitted.

> Also goes to evidence that Bitcoin markets might be a bit too sensitive to manipulation to be suitable for inclusion in an ETF I don’t understand how you came to that conclusion. $2k is a relatively small fluctuation. Do you think other securities wouldn’t be subject to the same fluctuations given positive news? If not, there shouldn’t be laws against it like there are now

$2k is ~5%; that's enough in a short enough time to trigger equity market circuit breakers and temporarily pause trading. Bitcoin has no such controls because there is no NMS regulation applied here, which is one of the SEC's fears around allowing Bitcoin ETFs. I generally don't agree with this guidance as it is not universally applied to ETFs that the SEC has allowed historically, but it does buttress their case to…

If we're just talking percentage changes, that can already happen with other commodity ETFs. I'll concede to the point that Bitcoin has historically been more volatile and could have a higher frequency of halts, but I personally don't think that should impact the formation of the ETF.

Re: SEC has not approved Bitcoin ETFs [fixed]

#370

Post by Zaskoda »

QuantumGood wrote: post #158
dageshi wrote: post #52

I am glad to see the cyberpunk future of hackers impersonating government agencies in order to pump and dump digital currency has finally arrived.

Barely makes an impression in the parade of crime that is web3isgoinggreat.com/

Bitcoin != Web3

Bitcoin == Web5

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