@glukianoff@lexfridman I'm listening to this episode now. It is so relevant and so important. Just pre ordered TCotAM on Audible, looking forward to it.
The U.S. just arrested a privacy software developer and is on the hunt for another.
Absolutely sickening.
The developers are being charged for creating and deploying privacy mixing software called Tornado. This software was used by many well-intended citizens to protect the privacy of their crypto transactions.
This is akin to using encryption in a messaging app like Signal so third parties can't see your private messages, only this does that for money.
Because North Korea used the privacy software, Treasury thinks it has the right to throw these open source developers in jail and ban Americans of their right to use this privacy application.
Read the charges yourself. It does not appear the developers did anything more than deploy the privacy code and not take preventative measures to block North Korea. It's unclear how they would even attempt this second part. The code is an immutable Ethereum smart contract, they can't stop anyone from using it.
Why not arrest everyone who runs an Ethereum validator...or holds ETH...or who tweets about crypto privacy? Surely they bear responsibility.
Why not arrest Tim Berners Lee? How about the makers of https? Surely they are responsible for all the nefarious ways North Korea uses the internet.
If we treated our internet developers like this in the 90s, there'd be no such thing as silicon valley or a free and open internet in the U.S.
What a chilling effect.
What a betrayal of American values.
But because it's money, Treasury thinks it has full surveillance rights - no privacy. They will not permit an https for money.
And they'll go as far as to throw open source developers who writes encryption code in jail.
The people didn't give them this right. The constitution didn't. They took it.
If we don't speak up, they'll take even more.
If you have any doubt over where this is going, just look at the way they end their press release on these charges.
"The ultimate goal of sanctions is not to punish but to bring about a positive change in behavior."
Thank you professor Umbridge.
I'm sure we're all going to be very good friends.
If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill.
No limit.
Please let us know.
BRICS to announce memberships of new nations at summit, citing major shift in global order.
Countries that have formally applied to join the alliance:
🇦🇪 United Arab Emirates
🇸🇦 Saudi Arabia
🇧🇩 Bangladesh
🇻🇪 Venezuela
🇦🇷 Argentina
🇮🇩 Indonesia
🇪🇹 Ethiopia
🇧🇭 Bahrain
🇲🇽 Mexico
🇳🇬 Nigeria
🇩🇿 Algeria
🇪🇬 Egypt
🇮🇷 Iran
just to catch you up
SBF the guy with the fake crypto exchange and responsible for one of the biggest frauds in history may have launched a $30m scam last weekend under a memecoin called BALD while on house arrest in his parents basement using the blockchain of a man who was one of his biggest competitors (and is also bald) and he thought no one would notice and idk what drugs he's on but good god man
Happy birthday Ethereum! 🎂
$400 billion in secured value, $3.6 billion in annualized profits, and a total of 17.8 million blocks of uncensorable digital property.
Not bad for an 8 year old.
🚨 BREAKING 🚨
The U.S. House Financial Services Committee just passed a bill that protects the right of citizens to self-custody cryptocurrency
Profoundly bullish moment here
Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.
Remember:
1. The SEC reviewed our business and allowed us to become a public company in 2021.
2. There is no path to "come in and register" - we tried, repeatedly - so we don't list securities. We reject the vast majority of assets we review.
3. The SEC and CFTC have made conflicting statements, and don't even agree on what is a security and what is a commodity.
4. This is why the US congress is introducing new legislation to fix the situation, and the rest of the world is moving to put clear rules in place to support this technology.
Instead of publishing a clear rule book, the SEC has taken a regulation by enforcement approach that is harming America. So if we need to avail ourselves of the courts to get clarity, so be it.
Btw, in case it’s not obvious, the Coinbase suit is very different from others out there – the complaint filed against us is exclusively focused on what is or is not a security. And we are confident in our facts and the law.
We'll get the job done. In the meantime, let's all keep moving forward and building as an industry. America will get this right in the end.
The #Crypto market is still in its infancy. It's not uncommon for new industries to experience ups and downs as they mature.
Keep a long-term perspective and an eye on who is #building and #innovating through this bear market. They often thrive afterwards #Altcoin#Streamer
I’m not usually one to engagement farm, but I really want to give away some cool prizes in these dark times.
FOLLOW @ChrisBurman6 and RETWEET this post and I’ll give away 3 pieces of T1 ILV Land.
This may also activate Trivia tonight where I’ll give away around 10k of prizes.
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