411–420 of 489 posts
The same thing will happen to Coinbase. Just look at the backgrounds of their CXOs. None are qualified to be leading such a large company IMO. I bet my life the same shit is going on over there.
Coinbase is a public company and has genuine audits - I'd be surprised if they failed for any reason other than Crypto being outlawed.
Earlier quoted context omitted.
The government has done a pretty good job of making the process very easy: https://www.foia.gov/ But, just like with ChatGPT, you'll likely have to do a bit of "prompt engineering" to get a specific document. "Give me all the stuff you guys got on UFOS1!!" will likely be less fruitful then "I am requesting the email correspondence between X and Y related to the documented observation of an atmospheric event occurring…
How broad can the request get? Can I ask for any communications that are related to a decision made or drafting of something that goes into the CFR? How much should I expect to pay for these requests, especially while figuring out the prompt engineering?
Earlier quoted context omitted.
and 77.34% of statistics are made up on the spot. https://www.federalreserve.gov/publications/2019-economic-we... 6%
Parsed generously, 94% of Americans is about 300mm people. That's 4% of the human population. (It's a nonsense argument nonetheless: it's not America's job to bank the world.)
My point was that the vast majority of people don’t have a US bank account and so FedNow is in fact irrelevant, except to the 5% of people who can access it.
I didn’t expect the parse with the comma inserted before “in the US”, because it’s obviously absurd to say that only 5% of Americans have a US bank account.
Earlier quoted context omitted.
The DOJ probably already has a sealed indictment and is waiting for CZ to visit an extradition friendly country, but I doubt CZ will ever do it.
Isn't he already in Canada?
Earlier quoted context omitted.
Not really, the only assets they have identified as securities here and the ones that were immediately obvious as securities (BNB etc.). They have made no statement regarding BTC, ETH, etc.
Gensler explicitly stated that BTC was a commodity about a year ago: https://www.benzinga.com/markets/cryptocurrency/22/06/278669...
Earlier quoted context omitted.
> The message all new hires were told was, very clearly: "Never put anything into writing you wouldn't be happy to be see published on the front page of the Washington Post" > And this was for an org that was doing nothing sneaky or underhanded in the slightest I disagree. That culture is one of routinely doing sneaky and underhanded things. If it wasn’t, the rule would be “don’t do anything you wouldn't be happy to…
There are plenty of cases where you wouldn't want something perfectly reasonable to be published in the Post. The key is context - some things are complicated and require background and relevant information; if taken without that context, they'll seem bad. Seeing as we live in a world in which people in the other political party are highly motivated to take whatever they can of their opponents (and their opponents' a…
I agree with GP. It is a shadowy culture. The Washington Post bit is the clue when you walk in. You are working for the United States government. It is not the Washington Post you should care about, it is the Justice Department and the legal system.
If you say that politics trumps laws then you are implying extra-legal forces dominate legal forces in our system. One way such hidden power centers are created is via shadowy bureaucracies. For example, FBI should write down everything they discuss and decide. We should be able to shine a light into any government institution in our land. If everything is legally done, there is nothing to be worried about, Washington Post be damned.
Surprised CZ owns 100% of CryptoMarketCap - that seems ripe for manipulation.
Earlier quoted context omitted.
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…
> What's funny about this is it's a fine metaphor for what ails crypto as a whole. The technology is cryptographically secure, but not at all robust to much simpler betrayals, hacks, etc. If you trust overmuch in the tech and don't focus on less technically interesting but more fundamental threats, you're apt to get rekt. That applies to all things within technology, OPSEC/INFOSEC is the very study of how to mitigate…
Earlier quoted context omitted.
> Gary Gensler, now SEC chairman, used to claim that 3/4 of the cryptocurrency market were not securities[0]. He has changed his tune significantly since then. Has he? Most of the market is Bitcoin and Ethereum. To my knowledge, the SEC hasn't gone after anyone solely cashing trading those. > 2) The SEC chairman can't answer this simple question: "is Ethereum a commodity or a security? He also doesn't have to answer…
The fact that there have or haven't been enforcement actions against X or Y shouldn't be how we're supposed to determine what is or isn't illegal. There should be a speed limit (65mph) and if you drive over the speed limit, you should know you're violating the law. If the speed limit is "if the cops pull you over, you violated the law" then we have no clarity for entrepreneurs. At least some level of clarity for entr…
> 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…
I think you mean "crypto exchanges". Cryptocurrency itself is not subject to betrayals/hacks, for the most part (depending on how dumb you are at key management). And depending on how badly you selected your cryptocurrency (pro tip: just pick Bitcoin).