331–340 of 489 posts
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> these were amateurs who didnt know that in Anglosaxon common law, you have to avoid being honest about anything and even deny any wrongdoing even if you get caught the act of murdering someone Ignoring the "Anglosaxon" buzzword here, none of this is unique conceptually to US law, or foreign conceptually to anyone who's told a lie when younger. It's instinctual for many when they know they've done something wrong. T…
> Ignoring the "Anglosaxon" buzzword The 'Anglosaxon' term is a long-standing political science, history and diplomacy term. Its not something that can be ignored, especially because... > none of this is unique conceptually to US law ... it is. The common law derives from the medieval !Anglosaxon! feudal law, which is based on contracts, agreements, negotiations and precedents. It can be 'interpreted' by the judge, w…
It may surprised you to learn that criminals also commit crimes and lie about them in countries whose legal system is not based on common law.
> In one instance, the Binance chief compliance officer messaged a colleague that, “[w]e are operating as a fking unlicensed securities exchange in the USA bro.” Source: https://twitter.com/JohnReedStark/status/1665748594421297152 This is a legendary quote from the filing.
My theory is that Binance execs were having these chats in an encrypted medium (e.g. WA or Signal) but didn't secure themselves against a defector. I think someone on the inside took screenshots and went to the feds (or started cooperating under legal pressure). There's even a leading candidate [0]. What's funny about this is it's a fine metaphor for what ails crypto as a whole. The technology is cryptographically se…
On edit: another example of the crypto world re-learning the rules of finance.
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who is buying crypto and not expecting to make a profit from it?
> who is buying crypto and not expecting to make a profit from it? Me. I put my savings in Bitcoin because I dislike the tradfi system. All I want is to be in control of my savings and to be able to freely transact with anyone anywhere in the world. I am still affected by the exchange rates to USD and EUR. But the hope is that in the future I will be able to use BTC directly more often and not even have to touch USD…
I mean, if I follow the same logic I should advocate for collapsing the economy with tight money policies because I can then work on financial innovations that undo the government intervention.
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Very interesting… I guess the CEO’s were hired to be thrown under the bus when it is the time. Their job was to PLEASE: Provide legal exculpation and sign everything. (hey HIMYM fans!)
> I guess the CEO’s were hired to be thrown under the bus when it is the time. It's ironic that they are now the ones feeding SEC with inside information. It seems like the plan backfired?
That show was so great.
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> Ignoring the "Anglosaxon" buzzword The 'Anglosaxon' term is a long-standing political science, history and diplomacy term. Its not something that can be ignored, especially because... > none of this is unique conceptually to US law ... it is. The common law derives from the medieval !Anglosaxon! feudal law, which is based on contracts, agreements, negotiations and precedents. It can be 'interpreted' by the judge, w…
Long standing in what circles? I've only seen it in Russian derived or connected media, political think, and institutions. The primary source of papers using that term to refer to US law seems to be the Russian State University of Justice. I don't think I've seen an authoritative source elsewhere use it, because it would be like pretending the Norman conquest never had an effect on legal proceedings. As if there is s…
Long standing in history, long standing in diplomacy, long standing in actual freaking Louis XIV administration communique, long standing in practically everything.
No offense but just because you people have a beef with Russia at the moment and they are using the term, the rest of the world is not going to change how they speak so that you dont get offended.
> I don't think I've seen an authoritative source elsewhere use it
Obviously you are not a student of history.
> In one instance, the Binance chief compliance officer messaged a colleague that, “[w]e are operating as a fking unlicensed securities exchange in the USA bro.” Source: https://twitter.com/JohnReedStark/status/1665748594421297152 This is a legendary quote from the filing.
My theory is that Binance execs were having these chats in an encrypted medium (e.g. WA or Signal) but didn't secure themselves against a defector. I think someone on the inside took screenshots and went to the feds (or started cooperating under legal pressure). There's even a leading candidate [0]. What's funny about this is it's a fine metaphor for what ails crypto as a whole. The technology is cryptographically se…
Earlier quoted context omitted.
> Ignoring the "Anglosaxon" buzzword The 'Anglosaxon' term is a long-standing political science, history and diplomacy term. Its not something that can be ignored, especially because... > none of this is unique conceptually to US law ... it is. The common law derives from the medieval !Anglosaxon! feudal law, which is based on contracts, agreements, negotiations and precedents. It can be 'interpreted' by the judge, w…
The problem with writing that your company is knowingly committing a crime in an instant message to colleagues has little do with "negotiation" and everything to do with evidence , which funnily enough is taken into account in most legal systems influenced by Napoleonic codes... It may surprised you to learn that criminals also commit crimes and lie about them in countries whose legal system is not based on common la…
I recommend you read my comment again.
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Putting this here in case it's useful. Please correct if it's wrong. What is the Howey test for whether something is a security? """ The Howey Test asks whether a transaction constitutes an "investment contract," which is a type of security. If it is an investment contract, it must satisfy four criteria: It is an investment of money. The investment is in a common enterprise. There is an expectation of profits from th…
Interesting. I'd answer those questions as "Yes. No. Maybe. No." So definitely not a security. 1. Is cryptocurrency an investment of money? Obviously yes, at least in the sense you have to spend money to purchase or mine it. 2. Is cryptocurrency investment in a common enterprise? No. What enterprise? Common with who? Maybe if it's a token issued by a company or something and tied to their profits somehow, but that do…
Crypto people _say_ their technology have this and that use but all they _do_ is trade them.