British Expat, Amateur Father, Autodidact, Professional Geek. Buddhist Wannabe, Armchair Philosopher, HODLer, Music Lover & Mixer. Eradicator of pleonasms.
@HaileyLennonBTC … he does not admit into his heart but into his home; and what wealth is his he does not reject but keeps, wishing it to supply greater scope for him to practice his virtue.” - Seneca
@HaileyLennonBTC “For the wise man does not consider himself unworthy of any gifts from Fortune’s hands: he does not love wealth but he would rather have it;”…
@laurashin Surely “ordinary course of business” applies to anyone without insider knowledge? Aren’t Clawbacks are intended to retrieve funds from those who exploited insider knowledge? Celsius users have seen this movie before.
@SimonDixonTwitt@bkclaims I am not a lawyer but users had an expectation that they could access their funds 24/7/365. Any withdraws within 90 days by regular users surely would fit this?
@SimonDixonTwitt@bkclaims The “ordinary course of business” defense is intended to protect ordinary trade transactions between debtor and creditor. Proving the defense is showing that the transfers during the preference period are consistent with how transfers were made prior to the preference period.
"Not many people have consistent discipline when times are good. Even fewer in times of stress."
A Tiny Thought worth reading in the @farnamstreet newsletter.
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