« A complete list of countries blocked from the Lend service include: The United States of America, Cuba, North Korea, Iraq, Iran, Puerto Rico, Somalia, Syria, Sudan, or any state, country, territory or other jurisdiction that is embargoed by the United Nations. »
Find the anomaly among this list of countries.
#Bitcoin nostr:note1hndxceudjm4fn8xvd54yk80cdp4ndkhkyd74kjr5lp8enhc7dkaq462p8w
If #FIT21 was in place before the creation of #Bitcoin, Satoshi would likely have had to register #BTC as a security with the SEC. Also FIT21 states that every #crypto should be regulated either as a security by the #SEC or as a commodity by the #CFTC. Asset issuers need to file an intent to register but what if there is no clear asset issuer? Would Satoshi have been considered an asset issuer?
So far this bill leaves me with more questions than answers. It has the potential to strongly change the incentives and risks to launch new #blockchain projects but I still don’t see much chatter about it. I think most people (me included) don’t really understand what impact it will have on the #crypto industry.
#HR4763
Wait until your immunization history is required to receive your #CBDC paycheck.
#X #DigitalID #KYC #Musk
With the #ETH #ETF being approved, one must wonder what was all this chatter around the #Ethereum foundation being investigated by the #SEC.
Market manipulation?
#ETHETF
#meme #memestr #memes #FIT21 #HR4763 #Blockchain #Crypto #Web3 #SEC #CFTC 
#meme #memestr #memes #FIT21 #HR4763 #Blockchain #Crypto #Web3 #SEC #CFTC 
#meme #memestr #memes #FIT21 #HR4763 #Blockchain #Crypto #Web3 #SEC #CFTC 
I’m still trying to figure out the implications of the #FIT21 bill but here is my cynical take on it:
#HR4763 #Blockchain #Crypto #Web3 #SEC #CFTC 
Has anyone found a good breakdown of what #FIT21 concretely means for #blockchain projects? I’m baffled that I’m finding no comprehensive analysis on the topic. Maybe nobody really understand the bill… I’ve started going through it and it’s a lot of legal spaghetti that is hard for me to untangle. If I understand correctly though, all blockchains would technically have to register either with the #CFTC (as a commodity) or the #SEC (as a security). It’s unclear how this would play out for blockchains that are very decentralized. Who is going to register #Bitcoin? Maybe I’m misunderstanding something though.
#HR4763 #crypto
The #FIT21 bill was just passed by the House. I still have to do more research on it but my current sentiment is that it’s a win for #crypto.
My understanding of the bill:
- It will prevent FTX-style robberies by regulating CEXs as brokers.
- It sets a definition for what a decentralized digital asset is.
- It makes #DeFi, validators/miners out of reach of the SEC or CFTC.
- It guarantees the right to self-custody.
- It introduces the concept of investment contracts for digital assets.
I think the biggest changes we can expect from this bill is that some less decentralized blockchains are going to either get rid of some of their tokens supply either by selling or burning them so they aren’t considered a security.
I’m not sure what the implications of the investment contract provision will be. The dems are claiming that it will lead to the collapse of the financial system.
IMO, this bill is the win for:
- Digital assets that meet the decentralization test
- The DeFi ecosystem
- Validators/Miners
- Self-custody
- Keeping devs and innovation in the US 🇺🇸
It is a loss for:
- SBF-style fraudsters
- Potentially TradeFi although I’m unclear on that one
#Blockchain #HR4763
In 2019, the guy got arrested by the FBI and was given a list of #crypto influencers including Roger Ver and Naomi Brockwell, and pressured him to give dirt on them so they can go after as many people as possible in exchange of softening the charges against him. After three years of legal procedure he got released with no charge against him.
He’ll do more of the same. TruthSocial blocks VPNs so privacy right is the least of his concerns.
Insightful interview of Steven Nerayoff (one of the #Ethereum founder) by Aaron Day. Some information are so insane that I had to double check their veracity and while I still have to do more in-depth research, I wasn’t able to poke holes in Nerayoff’s story. Definitely worth a listen.
#Crypto #ETH #SEC
Can we pressure the controlled media enough so they extend the invite to #Kennedy24 to debate #Trump and #Biden?
I really wonder what will be the long term impact of internet users increasingly substituting their use of search engines for #AI agents on the incentives to produce and publish original content. Even if we’ve seen the trend with Google search engine offering answers on the search page which reduces click-through-rate, there is no doubt that AI agents are accelerating this trend.
I guess that the production of evergreen content for commercial purpose may become less valuable. However, it’s likely that non-commercial content production will remain strong.
After all, AI agents quality would be doomed if human stop producing original content as AIs feed out of it. Hence, there may be a risk of starting a vicious circle in which AI agents disincentivize content production from humans which in turns would drain AI agents of knowledge which would create a stagnant knowledge for humanity.
I’m not familiar with OpenSats but it looks like they promote the funding of common goods.
« Farmers grow foods, shoemakers make shoes ». Has Yuval ever wondered with farmers and shoemakers find it fair to exchange their production for something that can be printed at will with a clap of a finger? Maybe if they could produce shoes and foods so easily they would.
#Bitcoin nostr:note1gmcfzlgy6qlsf03sr62s7gvk8lx45x3svatf553sa749fnq9ehws37yu8q
I’m not saying it does although smart contracts certainly can facilitate it but you were asking me about the ideology. I don’t here a lot of #bitcoin talks around common goods but maybe I missed something.
I don’t think the original structure of the United Nations is fundamentally bad but a lot of bad actors have taken partial control of it. I think you can say the same for any National government. If a Nation decides to exit the UN they certainly can do so. The problem is that in general the people are not sovereign anymore both at the national and higher levels.
If you’re referring to privacy tech such as mixers I think there is still solutions out there such as Railgun. Tornado cash smart contract is still functional as far as I understand even if particular nationals are prohibited to use it. In general, I would say that the Ethereum community is privacy aware of course it remains a transparent ledger.