Mike dropped 🎤
Exceptional work by @kevinsvenson_ 🔊
Learning by osmosis (may work for some) 😊 https://nostr.build/av/nostr.build_72391852687f69c89402d8e0633e1ff6a5194611fdf394dde1a32d0b2c3cfd1a.mov
Satoshi had such foresight 14 years ago! 
What with everything going + silvergate + SVB…can’t help but be a stark reminder as to how forward-thinking satoshi was 14 years ago… #keepstacking
🤦♂️ and now the #federalreserve are considering easing terms of banks’ access to its discount window. Aka giving firms a way to turn assets that have lost value into cash 😵💫
🚨 Is Ethereum a Security? State Attorney believes it is...🚨
Yesterday New York State Attorney General Letitia James filed a suit against crypto exchange KuCoinCrypto as part of ongoing "efforts to crack down on unregistered cryptocurrency platforms". The suit claims that KuCoin is offering securities, including Ethereum (ETH). Alarmingly for the latter, this is the 1st time a regulator is claiming ETH is a security (rather than commodity). The court documents highlight the centralisation (a dirty word in an industry looking to decentralise) of ETH "Buterin and the Ethereum Foundation retain significant influence over Ethereum and are often a driving force behind major initiatives on the Ethereum blockchain that impact the functionality and price of ETH".
Recently the SEC cracked down on crypto exchange Kraken, forcing it to shut down its 'staking' business as it was selling unregistered securities. The current KuCoin suit suggests that "By shifting to proof-of-stake, ETH no longer relies upon competition between computers, but instead now relies on a pooling method that incentivizes users to own and stake ETH. The shift to proof-of-stake significantly impacted the core functionality and incentives for owning ETH, because ETH holders now can profit merely by participating in staking."
SEC Chair Gary Gensler stated in February that he considers everything but Bitcoin to be a security...
Full Court Document here: https://lnkd.in/eZZWhhVM
#cryptocurrency #ethereum #staking #bitcoin #security #blockchain
On August 5th 1971 the US President, Richard Nixon, altered the rate to $38 to an ounce of gold and then ended the guarantee to exchange. Since then WTF has happened? Here’s an interesting website: https://wtfhappenedin1971.com
The regulation by enforcement approach of the U.S. Securities and Exchange Commission is wonderfully unhelpful for setting regularity framework and clarity in crypto. The latter is greatly needed!
Builders keep on building…
Yes! 😂💪😎 #Bitcoin
Watch this space….. #bitcoin
Hello (new) World 