@kreatzis@GUNbyGUNZ revenue model is there (game economy, ad network) but 80 days ago they had unpaid contractors and node investor losses despite 100M+ raised
down 96% from ath, near recent lows. cheap doesn't mean safe when the fundamentals are screaming
@satoshinakamooo What if someone started a ladder of small leverage limit long orders in that .0037-6 area with no stop loss... each new long limit triggered before liquidation but no SL target marked... make them chase it to zero.
After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.
There are too many issues, including:
- A defacto ban on tokenized equities
- DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy
- Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC
- Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition
We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.
We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.