illegitOG

Tech and corporate lawyer @davegillespie startups, web3, DAO's, crypto, NFTs. @doodles @mattkaneartist #gazers Don't take legal advice from a jpeg.

[illegitOG @illegitOG]

I survived the bear market and claimed my $FRAME tokens!

@frame_xyz is the Layer 2 for creators and collectors. If you've traded NFTs on Ethereum and paid royalties in the past two years you're eligible! 🖼️🎄

You can check here 👇 https://t.co/pVpaHQn5vR

[illegitOG @illegitOG]

@agazdecki @kylewestaway Now someone dig up exit value data and we can work up expected value of starting a SaaS company. Obviously a Definitive answer to the max amount you should invest personal funds into starting a SaaS business.

[illegitOG @illegitOG]

Will somebody please come up with a workable solution for putting real estate deeds and liens on the Blockchain? Really jonesing for the ability to e.g. buy a 10th of 10 houses in 10 cities in 10 seconds.

[illegitOG @illegitOG]

@natealex

[illegitOG @illegitOG]

my dad just bought crypto - top confirmed

[illegitOG @illegitOG]

“Nära (close or near in Swedish) is a celebration of friendships and relationships throughout our lives. How some of them are small, fleeting and ephemeral while a select few become lifelong bonds. The work examines the intricate graphs that are formed by these connections.”

[illegitOG @illegitOG]

Went on a little binge on Nära by @tengil_art Really beautiful and thoughtful collection. (1/2)

[Felix║t8chy0n.eth @felixgwong]

✍️👩‍🎨🎁➡️Ⓜ️➡️👩‍🎨🎁✉️➡️❓

Gazers with the illustrious ✍️👩‍🎨🎁 (Mary Cassatt - American Painter) trait were just airdropped “Tide Pools👩‍🎨🎁✉️1” from @MattKaneArtist.

Excited to one day open this message to read what The Letter reveals. 💌

Tide Pools by Matt Kane, The Letter by Mary Cassatt, #Gazers317 in Ⓜ️-mode Celebration

[illegitOG @illegitOG]

@HDelhumeau Gazers retreat, please!

[Bill Ackman @BillAckman]

This was not a bailout. During the GFC, the gov’t injected taxpayer money in the form of preferred stock into banks. Bondholders were protected and shareholders were diluted to varying degrees. Taxpayer money was put at great risk. Many people who screwed up suffered minimal to no consequences. Those were bailouts.

Here, shareholders and bond holders have been wiped out. The @FDICgov insurance fund capitalized by premiums paid by banks will absorb any losses. The fund will recoup any losses by assessing more premiums on the banks.

Had the @FDICgov @USTreasury and @federalreserve not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions.

More banks will likely fail despite the intervention, but we now have a clear roadmap for how the gov’t will manage them.

Bank boards and managements have received a massive wake up call. Being a director or CEO of a bank that fails is no fun: years of litigation, regulatory investigations, personal liability, potential civil and criminal charges, and enormous reputational damage.

Our gov’t did the right thing. This was not a bailout in any form. The people who screwed up will bear the consequences. The investors who didn’t adequately oversee their banks will be zeroed out and the bondholders will suffer a similar fate.

Importantly, our gov’t has sent a message that depositors can trust the banking system. Without this confidence, we are left with three or possibly four too-big-to-fail banks where the taxpayer is explicitly on the hook, and our national system of community and regional banks is toast.

Our government did the right thing for the country. We are very fortunate it did so.

[illegitOG @illegitOG]

@exlawyernft Sure but it’s at risk capital and getting f’d by macro conditions is one of the risks. Socializing these losses is not palatable really anywhere right now nor is it what is required to shore up confidence in the bank depository system.

[illegitOG @illegitOG]

At this point it may be a fiduciary duty and best practices for companies to have some cash reserves in stable coin held self custody crypto wallets. That wasn’t an option in 2008. It is now.

[illegitOG @illegitOG]

.@NouNft Matt Kane is one of the artists that first recognized the potential for NFT's to "Decentralized IP" and reshape the creative economy. check out his early and influential initiatives on artist royalties https://t.co/ikgvsFXIuJ

[MattKane.eth 🎨 @MattKaneArtist]

The difference between “I heard I could make money putting my art as NFTs” and “I heard I could lend my creativity toward upending historically broken systems & participate in ushering in fair practices that value the humanity & contributions of all players.”
This is #cryptoart.

[illegitOG @illegitOG]

If Top Shot Moments are "securities", the word has lost all meaning. https://t.co/A6TRqqcI72

[illegitOG @illegitOG]

my first nft merch purchase @unofficialmfers

[illegitOG @illegitOG]

@iplitigate @Drew_Morris Prevent litigation costs:)

[Jon_HQ @Jon_HQ]

🚨 LONG CON ALERT 🚨

Twitter account @marcdoai started posting in mid-December.

Did some work animating people's Doodles for free.

Launched a website today to mint 'animation tickets' and the website hosts a wallet drainer.

Never mint from your vault - use a burner wallet.

[illegitOG @illegitOG]

Annual public service announcement for my free service. Accepting all ERC-20 coins and NFT's. Just send them here and BOOM---tax loss for you!!!

[illegitOG @illegitOG]

bot scammers engagement on my opensea/metamask tweets somehow makes me feel heard