The Future Of Money

[MR.CLEAN]

I'm shocked to find out that crypto world is largely populated by criminals. shocked.

 

[Pertinacious Tom]

I'm shocked to find out that crypto world is largely populated by criminals. shocked.

Do you have a source for that claim?

Is asking for a source once again going to be considered asking you to do my work because providing (and reading) sources isn't something you can be troubled to do?

 

[MR.CLEAN]

Do you have a source for that claim?

Is asking for a source once again going to be considered asking you to do my work because providing (and reading) sources isn't something you can be troubled to do?

Which claim? Actually, it doesn't matter. I'm going to give you the protip secret to knowledge of financial crime trends.

Justice News

www.justice.gov

You can configure it to send you daily releases based on your interests. Example: "crypto" and "fraud" will give you a [shockingly] large amount of crypto fraudsters. Innocent until proven guilty, of course.

 

[veni vidi vici]

Just a piece of the play book in order to Build Back Better
Can’t do that until everything has collapsed and then only the government ( the same people that caused the collapse) to declare themselves as the saviors. Only then will the “new money “ electronic , be issued to the public, each according to their needs and usefulness going forward.

 

[Steam Flyer]

Just a piece of the play book in order to Build Back Better
Can’t do that until everything has collapsed ....

Umm, no.

The time to prevent a collapse is starting the week or so after any infrastructure project is finished.

It's called "maintenance" by those who are actually not stupid as fuck. Then there's a somewhat advanced stage called "upgrading" by people are actually not stupid as fuck.

Waiting for things to collapse is the way slumlords do it. America cannot be ruled by slumlords and stay America.

 

[veni vidi vici]

Umm, no.

The time to prevent a collapse is starting the week or so after any infrastructure project is finished.

It's called "maintenance" by those who are actually not stupid as fuck. Then there's a somewhat advanced stage called "upgrading" by people are actually not stupid as fuck.

Waiting for things to collapse is the way slumlords do it. America cannot be ruled by slumlords and stay America.

lol …. How many hooks in your mouth?
Obama’s Shovel ready jobs

 

[Gouvernail]

More of Tom drags up his old threads month

 

[Pertinacious Tom]

What you're doing has aspects of a crime, but we're not saying it's a crime or anything, just that you should prove it's not.

Today's example of BS that doesn't satisfy a judge.

...
"I cannot simply put the entire case into an indeterminate and expensive deep freeze while regulators figure out whether they do or do not think there is any problem with the transactions that are being proposed," Judge Wiles wrote. "If there is a problem, I expect a regulator to tell me that it has an actual objection (as opposed to saying that there 'might' be an issue), and also to tell me what the issue is and why it is an issue, so that other parties may address it and so that I may make a proper and well-considered ruling."

"I asked the SEC's counsel at the outset of this hearing to explain what the consequences would be if Binance.US were to be found to have been acting as an unregistered broker dealer," Judge Wiles wrote. "I asked if that would just mean that Binance.US might have to stop certain activities while it pursued a license, or if it would mean that Binance.US would have to shut down all of its activities. The SEC said it could not answer that question."

If Judge Wiles feels this way about the SEC's casual but often destructive mystery-shrouded tiptoeing around the issue of regulating virtual currencies as securities in this one case, imagine how the investors and holders and businesses whose careers and fortunes are built on trying to stay legal in this industry feel.

Judges are funny when they're frustrated by bullshitters.

 

[BeSafe]

What you're doing has aspects of a crime, but we're not saying it's a crime or anything, just that you should prove it's not.

Today's example of BS that doesn't satisfy a judge.


Judges are funny when they're frustrated by bullshitters.

They've been punting the 'securities' question for far to long and, as typically happens, when you put off a hard decision it tends to snowball. Tough - that's why you're elected. But this is a choice at the highest levels - and highest level folks are professional not-choosers.

As with the drug questions, possession is much easier to prove than intent. What the feds are struggling with is trying to prove intent WITHOUT deciding on the possession part - the securities question. Good luck with that. Particularly when that 'possessed' part was then laundered by SBF spread amongst with elected officials via altruistic capitalism.

They'll get him on something. The beautiful thing about modern law is that there are so many laws, clever prosecutors can always find SOMETHING you did wrong.

 

[Pertinacious Tom]

'Cash Is Independence': Ron DeSantis Slams the Government's Plan for Centrally-Controlled Digital Money

...
I push him, "America's going to fall behind!" The Wall Street Journal says America's financial system is outdated and CBDCs will modernize it.


"Oh, please," DeSantis sneers. "They want to move to a cashless society, which would basically mean the Federal Reserve, Treasury Department would have supervisory jurisdiction over all of your transactions."


"Cash is independence," adds DeSantis. "You have the cash in your wallet…. It's not dependent on somebody else."


In other words, cash is private. So is cryptocurrency, like Bitcoin. People can buy gas and guns without using government money at all.


Advocates of government digital money don't like that.


Sen. Elizabeth Warren (D–Mass.) says, "Legitimate digital public money could help drive out bogus digital private money."


"She clearly would be somebody that rejects any type of digital asset that's not controlled by a central authority," DeSantis responds.


The federal government, says DeSantis, wants "to displace all cryptocurrency because they can't control that," telling me, "the dangers so far outweigh any proposed benefits."


DeSantis and I then talked about many other things, like sex education and what critics call the "Don't Say Gay" law, Florida's anti-mask mandates, America going broke, and his flying migrants to Massachusetts.


I will cover those topics in a future column.

Cash is indeed independence. DeSantis is making it harder for people to get cannabis products legally, so they're using cash to go around him to the black market.

 

[BeSafe]

The irony, of course, is that by making weed 'legal but not bankable', the Feds have created opportunities for organizations use to living on the fringes of regulation to profit bigly..

The Sinaloa cartel's 'narco juniors' have big plans for marijuana, and they're borrowing ideas from California's dispensaries

"Look at the gringos, they are selling this same product in their beautiful stores. That's what we want," one cartel member told Insider.

www.businessinsider.com

So you want to start a cash-based business that is mostly legal but worried about having that much cash lying around your store? There's folks who are use to dealing in that world, and for a modest fee, will take care of the details and make sure your business doesn't have any accidents... They'll even give you a loan to get started!

What could go wrong...

 

[veni vidi vici]

'Cash Is Independence': Ron DeSantis Slams the Government's Plan for Centrally-Controlled Digital Money



Cash is indeed independence. DeSantis is making it harder for people to get cannabis products legally, so they're using cash to go around him to the black market.

Lol… support your LD
Florida has a long and very rich history in marijuanna
Avoid the middle man !

 

[Pertinacious Tom]

The irony, of course, is that by making weed 'legal but not bankable', the Feds have created opportunities for organizations use to living on the fringes of regulation to profit bigly..

The Sinaloa cartel's 'narco juniors' have big plans for marijuana, and they're borrowing ideas from California's dispensaries

"Look at the gringos, they are selling this same product in their beautiful stores. That's what we want," one cartel member told Insider.

www.businessinsider.com

So you want to start a cash-based business that is mostly legal but worried about having that much cash lying around your store? There's folks who are use to dealing in that world, and for a modest fee, will take care of the details and make sure your business doesn't have any accidents... They'll even give you a loan to get started!

What could go wrong...

Hah! I wonder what The Simpsons' lawyers think of "Krusty Kush" with the clown face?

 

[Mid]

 

[Pertinacious Tom]

Bitcoin Miners Are Publishers Protected by the First Amendment.

New York’s legislative assembly passed Bill No. A07389 on June 2, 2022, “establishing a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods,” such as those used by Bitcoin, “to validate blockchain transaction” (hereinafter, the “Moratorium”). In other words, the Moratorium singles out for regulation one of many different types of cryptocurrency protocol consensus algorithms. And it singles out for regulation the users — “miners” or “validators” — of one specific type of algorithm.

The Moratorium, if signed into law by the governor, will violate proof-of-work miners’ rights to free speech under the First Amendment.

This is because proof-of-work miners engage in protected speech by broadcasting blocks of data across a protocol’s network. In fact, Bitcoin’s pseudonymous creator, Satoshi Nakamoto, explained that proof-of-work miners are engaged in “publishing” data for the world to see on an immutable, distributed “timestamp server.”1 The Moratorium singles out block publishers on proof-of-work protocols for a financial burden not borne by block publishers of protocols using other consensus mechanisms. As this article will show, such content-based differentiation is unsustainable under the Supreme Court’s First Amendment precedent.
...

Digital money is $peech too, as is its published proof.