Earlier quoted context omitted.
Coinbase?
Coinbase always seemed close to the only honest player in the game. They did it at a cost of always being behind the market in listings and offerings.
Looks like coinbase is on the chopping block now (:
SEC Sues Binance and CEO Zhao for Breaking US Securities Rules
451–460 of 489 posts
Re: SEC Sues Binance and CEO Zhao for Breaking US Securities Rules
#452Earlier quoted context omitted.
Why aren't they suing Coinbase as well?
Give it time.
13 hours later: https://www.reuters.com/legal/us-sec-sues-coinbase-over-fail...
Re: SEC Sues Binance and CEO Zhao for Breaking US Securities Rules
#453Re: SEC Sues Binance and CEO Zhao for Breaking US Securities Rules
#454Earlier quoted context omitted.
Not having a bank account is a race issue? People who are not white cannot get a bank account? Poor people can't get a bank account and all non-white are poor therefore bank accounts are racist? What is your message?
It's the same argument they make with voter ID laws; non whites are too stupid to successfully get an ID / open a bank account / etc. It's some of the most racist rhetoric I've ever seen but somehow it's pitched as "anti-racist".
In 2011, Alabama passed a strict voter ID law.
Then, in 2015, Alabama closed DMVs in predominantly black counties, making it hard for black people to get IDs. It took a federal probe to force Alabama to reverse the decision to close the DMVs.
https://www.vox.com/policy-and-politics/2017/12/12/16767426/...
Personally, I think we'd be better off with the vote-by-mail system that Oregon and Washington use.
Re: SEC Sues Binance and CEO Zhao for Breaking US Securities Rules
#455Earlier quoted context omitted.
Any sane person who realizes that their job is to be thrown under the bus has two options: Either go along with it and be a conspirator, secure your means of getting away, or start talking to the law enforcement to cover your ass. The people running Binance should have realized that the first option did not happen and they should have prepared for the second option. Although it is good that this didn’t happen, SEC no…
I suspect it's very hard for people to realize that. Thinking back on my career, there were jobs I stayed at too long because I was hoping things would turn around, that I could make more of a difference than I ultimately did. That was hard enough for me to realize as a low-level worker. It has to be a fair bit harder if you've got a fancy title and a fancy salary. "It is difficult to get a man to understand somethin…
I think this guy can probably easily find an equivalent position, so had less reason to put blinders on.
Re: SEC Sues Binance and CEO Zhao for Breaking US Securities Rules
#456Re: SEC Sues Binance and CEO Zhao for Breaking US Securities Rules
#457Earlier quoted context omitted.
> but didn't secure themselves against a defector Still a surprisingly amateur move. Once worked for the Federal Government where literally everything you write is potentially subject to a FOIA request. 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" Anything that was even vaguely close to faili…
> 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…
Seems like naive reasoning in a world where such messages can easily be taken out of context. Imagine a lawsuit about a car malfunction leading to death and someone digs up some source code with a kill_child_process method. What does it matter whether that was relevant at all to the case at hand? It looks bad anyway. Anyway, such policies are similarly common in the corporate world.
Re: SEC Sues Binance and CEO Zhao for Breaking US Securities Rules
#458Earlier quoted context omitted.
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…
> 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. 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 W…
> If you say that politics trumps laws then you are implying extra-legal forces dominate legal forces in our system.
OK. I guess they do because it’s common for people to get fired or programs to be killed for completely political reasons.
Re: SEC Sues Binance and CEO Zhao for Breaking US Securities Rules
#459Earlier quoted context omitted.
Hard disagree- the appearance of wrongdoing can be nearly as harmful for the accused and cause as much trouble as actual wrongdoing. Both should be avoided.
You seem to be providing a reason (CYA) for being sneaky and underhanded, not arguing against it being sneaky and underhanded.
This is basically the “if you have nothing to hide, what’s the problem if the police can read all your correspondence?” argument applied to an organization.
Re: SEC Sues Binance and CEO Zhao for Breaking US Securities Rules
#460Earlier quoted context omitted.
Hard disagree- the appearance of wrongdoing can be nearly as harmful for the accused and cause as much trouble as actual wrongdoing. Both should be avoided.
Another Hard Disagree. I put everything thing in writing. If it’s not written down it didn’t happen. Want access to prod? Sure give me a ticket. I don’t trust any place that doesn’t want things written down. And the example of a drug trial comment being taken out of context? If it looks bad in a few years maybe it should also look bad now? And maybe steps should be taken to make it better now. Writing things down, ke…
Might there be a difference between an access request and an extemporaneous conversation?