James B.

Lawyer. Crypto enjoyer. Philosophy. Martial Arts. San Francisco.

[James B. @JBJD_SF]

A reminder for Wild West #SanFrancisco on this sunny Thursday:

[CR1337 @CR1337]

Monero (XMR) keeps outperforming Bitcoin (BTC).

Deal with it.

[James B. @JBJD_SF]

But how long do those incentives last?

[Fusion (by IPOR) @ipor_io]

The Liquity ETH Carry strategy sourcing yield from @LiquityProtocol and @CurveFinance ecosystems has seen rapid growth over the past week.

Under the current incentives structure, it is becoming a user favourite on Mainnet.

Operated by @Sentinel_codes on Fusion.

[James B. @JBJD_SF]

@Lodzhal @SGYield @Sagaxyz__ Yieldfi is a scam. Once you're in you can't withdraw.

[James B. @JBJD_SF]

@SGYield Speaking of scams, are you running off with people's money? https://t.co/vV4XuEDbGA

[James B. @JBJD_SF]

If you are considering @GetYieldFi run fast the other direction. Looks like a crypto scam in progress!
Depositors in yETH, vyETH, yBTC, and vyBTC can't access their funds for over a week now. No explanation; team is ignoring complaints and customer service tickets on discord.

[James B. @JBJD_SF]

If you are considering @GetYieldFi run fast the other direction. Looks like a crypto scam in progress!
Depositors in yETH, vyETH, yBTC, and vyBTC can't access their funds for over a week now. No explanation; team is ignoring complaints and customer service tickets on discord.

[Wall Street Apes @WallStreetApes]

Man makes a visual demonstration of how American bread is actually made

Many Americans know our bread is toxic by now but they don’t really understand what the process of making it actually looks like and how bad it really is

This is eye opening

[James B. @JBJD_SF]

It's starting to look like a potential crypto rugpull from @GetYieldFi ! Depositors in yETH, and yBTC can't access their funds for several days now (and those have no exposure to SAGA). The team is ignoring complaints and customer service tickets on discord.

[Kevin Söll @kevinsoell]

@GetYieldFi "All services have been restored"? Doesn't seem like it.

[Young Americans for Liberty @YALiberty]

NYC Mayor @ZohranKMamdani fulfills his campaign promise and delivers "free" child care... for government workers.

Voters fell for the scam and now the government will steal their money to subsidize government bureaucrats. A story as old as time 🤦‍♂️

[James B. @JBJD_SF]

@dontbsalti I hate everything about this video: A child posts shaky handheld, vertical video, to Instagram, shilling nonsense TA to other kids, while admitting he doesn't understand what he's doing; and using the cringiest language. If this represents the future population we are doomed.

[RYAN SΞAN ADAMS - rsa.eth 🦄 @RyanSAdams]

THEY DID IT.

The SEC and CFTC just dropped a landmark document that officially classifies crypto assets.

They're actually telling us which crypto assets are securities and which ones aren't - by name!

THIS IS SOMETHING GENSLER REFUSED TO DO

(he focused on prosecuting crypto out of existence)

This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path.

It's almost like the Clarity act just passed by way of regulator.

(of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it)

This rule says there's 5 categories for crypto assets:

1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14)

2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception).

3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities.

4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends.

5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities.

Amazing! This makes so much sense I can't believe it's coming from a regulator.

No more enforcement threats to Ethereum developers and crypto exchanges.

How about the Howey test?

More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after).

How about stuff like staking and mining?

Mining? Not a securities transaction.

Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs!

How about wrapping BTC? Not a securities transaction.

Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops.

Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both.

SEC regulates $80-100 trillion assets
CFTC regulates $5-10 trillion assets

Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets.

Every country will follow.

This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets.

Well done @MichaelSelig and @SECPaulSAtkins.

And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.

[John Cleese @JohnCleese]

I think it's some of the stuff about beheading people they disagree with that puts impartial observers off

[Sam Bent @DoingFedTime]

Europol didn't say "difficult to trace" or "challenging"....
they said can't, and that word choice matters.

[Austin @adbodine]

Be a cop
>Get call to Afromans house
>Probably doesn't know who Afroman is
>House clear, has free reign to find something to pin on Afroman
>Standing in kitchen
>Sees a poundcake
>Fat.jpg
>Can't resist eats poundcake
>Afroman had cameras everywhere
>Afroman sees you eat his mothers lemon poundcake
>Fuck this guy
>Afroman makes song about fat cop eating his moms lemon poundcake
>Trial
>Cop has to sit there while Afroman stares at him and listen to the song where Afroman roasts the shit out of him for eating his moms lemon poundcake
>Free Afroman

[Sana Ebrahimi Ledene @__Injaneb96]

Let me tell you what the core problem is:

Many Americans think they’re dealing with people who think like them. They’re not.

The Islamic Republic is nothing like anything you’ve experienced. They don’t follow your logic. Their value system is completely different.

Can you understand people whose life mission is to die and be called a martyr? Someone who thinks that way isn’t scared of “consequences.” Someone like that is capable of literally anything.

Can you understand an ideology that believes a savior only comes when the world collapses into chaos, so they try to help create that chaos?
(This is only a Shia Islamic belief)

Can you understand leaders who see you, an ordinary American who probably couldn’t even find Iran on a map, as their enemy?

It’s hard to grasp. I know. But that’s the reality. I was born and raised in Iran. I went to a very conservative Islamic school, and this is exactly the kind of ideology we were taught growing up.

[fooo @bitcoinpanda69]

Why I hate fake nails:

Many civilizational collapses throughout history were preceded by a period where women wore long fake nails

Ancient Egypt, Roman Empire, Various Chinese dynasties...

It is a signification that they are "above" toil and live only as a leisure class. It is entitlement signaling - a hallmark of elitism and largesse by an empire grown too fat and large on the back of its prior generations' successes

fake nails are the physical symbol for a society that long ceased knowing what to virtuously do with itself. A society where abundance and ease externally breeds mental, emotional and spiritual disorder within. The human psyche seeks challenge by which to grow. If it lacks this externally from worldly challenge toward the individual, there are two choices - to healthily, humbly seek out challenge and growth, or to stagnate and fester in the entropy of that comfort and excessive indulgence, whereby the natural growth-seeking mechanism begins to create inner mental illness to compensate and create that necessary psychic friction

fake nails is the absolute epitome of the spirit of what it means to be a shallow npc with no self-awareness. To be spoiled rotten and so unused to life enforcing boundaries with you that you falsely believe, with a soul-sick relish, that they might not exist

I hate fake nails and all they represent. They are a cancer on society. They are the canary in the coal mine of a rotting empire past its prime and a culture that has forgotten the meaning of honorable toil

[Matt Walsh @MattWalshBlog]

Something like 70 to 75 percent of Americans are never arrested in their lives. Another 20 to 25 percent are arrested once, usually for something minor. Almost all of the arrests, especially for violent crimes, are coming from about 5 percent of the population. If all of these people were just thrown in a cage forever and forgotten about, the rest of us could live in peace. That's a fact. You could essentially solve the crime problem, almost completely, by arresting the tiny minority of the population that commits basically all of it. Instead we let them roam the streets, continually release them back into the public, and watch helplessly as they kill, rape, and destroy, even though nobody on Earth can explain why this system makes sense, or is fair, or moral, or just.

[Adam @AdameMedia]

BREAKING: 🚨 🇺🇸 The U.S. will send $10 BILLION to Trump’s so-called “Board of Peace.”

The board is an offshore entity he controls. Where he’s chairman for life.

He literally robbing you.

[JP Richardson @jprichardson]

Today the SEC clarified the haircut will be 2%, giving stablecoins the same treatment as a money market fund and relieving broker-dealers from taking unnecessary precautions.

This move will open the floodgates for embedding stablecoins in institutional finance.

What this actually unlocks:

[Young Americans for Liberty @YALiberty]

If "term limits" was a video.

This is just sad.

[Naomi Brockwell priv/acc @naomibrockwell]

The destruction of privacy is always sold as “saving children & dogs.”

If it were sold as “a control weapon that can stop dissent and crush civil rights, and the only safeguard is hoping the wrong person never gets power,” nobody would buy it.