/biz/ - Business & Finance

[Anonymous No.54186658]

What compels a man to go all in on crypto and then praise a corrupt financial regulator?

[Anonymous No.54186676]

why is bitcoin not a security and other cryptos are?

[Anonymous No.54186683]

>>54186676
>and other cryptos are?
Depends on the cryptos you're talking about, Litecoin and Monero are absolutely not securities but Ethereum and Chainlink are

[Anonymous No.54186688]

>>54186676
because in 2023 bitcoin maxis are just statist glowies larping as cypherpunks

[Anonymous No.54186693]

>>54186658
>bitcoin is the only good cryptocurrency
>*bans everything but bitcoin*
>see i was right?

[Anonymous No.54186704]

>>54186658
>What compels a man to go all in on crypto and then praise a corrupt financial regulator?
price down almost touching your liquidation point will do that to you

[Anonymous No.54186743]

>>54186676
Kaspa isn't a security either ;-) wink wink

[Anonymous No.54186759]

>>54186743
kys jeet

[Anonymous No.54186770]

>meeting with SBF
Imagine my shock when he faces absolutely no consequences for conspiring with him.
Do you think it was part of 'Operation Chokepoint 2.0' or was he doing it of his own initiative?

[Anonymous No.54188079]

You're all faggots. Gary is based. He is pro-crypto, anti-ponzi. Not his fault 95% of this space is a scam.

[Anonymous No.54188116]

>>54188079
blockchains are permissionless, anyone can deploy a chain or a token, believing one agency in one country should have the power to counteract this basic rule demonstrates a severe lack of understanding of the system

[Anonymous No.54188133]

>>54188079
Maxipadism is a disease

[Anonymous No.54188153]

>>54188133
Keep throwing your money at ponzis, dumbass.
>>54188116
You summed it up pretty well. Anyone, anywhere can create a no-utility, imaginary token. Selling it and promising return on investment is the problem.

[Anonymous No.54188154]

>>54188116
Securities law doesn't forbid you to deploy a chain.

[Anonymous No.54188170]

>>54188153
that "problem" is as imaginary as the token, attacking a core element of blockchain technology under the guise of "consumer protection" is peak bad actor
>>54188154
security designation for erc20s and native gas tokens is a state-imposed death sentence, completely arbitrary

[Anonymous No.54188175]

>The CFTC once sought a shaky court ruling based on a cherry picked court case that I'm pretty sure that they litigated against a friendly defendant
>They wanted jurisprudence in a test case that because the word "smart contract" was used in some white paper that cryptocurrency was effectively a forward contract and should be regulated and taxed as such
>They won the case
>Ex-post-facto law doesn't apply because new Jurisprudence doesn't have the same limitations on ex-post-facto that legislation does
>Congress suddenly passed a dicey, poorly written law full of holes categorizing cryptocurrency like it undoes Jurisprudence
>That was like half a decade ago
>People are now on /biz/ posting about bullshit twitter drama about what's a security, who's a corrupt financial regulator, and also fucking stupid ass twitter bullshit

Some days I just fucking look up at the stars and fucking wonder. You know?

[Anonymous No.54188187]

>>54186676
In US law it's usually decided by something called the Howey Test. The test is broken down into 4 parts but it's basically where people invest money, in a common interprise, with an expectation of profit, where the profit comes from the efforts of the people in control of the project. Most shitcoins, if they have a "CEO" that controls it and had a ICO or premine, it would fail the Howey test pretty easily. If they rely on proof Bitcoin doesn't have a central entity that controls the development, theres no centralized entity that disperses coins, there's no central entity that promised any profit, and no entity that would pay out any profit. BTC and Monero are pretty much the only 2 coins that would pass the Howey test.

[Anonymous No.54188189]

>>54188116
Also, PoS chains are not permissionless since someone has to give you coins before you can participate.

[Anonymous No.54188191]

>>54186676
you know, minting some coins on launch and putting them aside for development is bad, but insta-mining bitcoin after publishing it, while nobody on earth has a fucking clue what mining is and how to start a miner, is perfectly fine.

[Anonymous No.54188195]

>>54186683
Ding ding ding. PoW consensus wins again.
Sorry, your vaporware is a fuckin' security!

[Anonymous No.54188198]

>>54188170
True, laws ARE silly imaginary things.

[Anonymous No.54188200]

>>54188187
>If they rely on proof
2 am brain.
If they rely on proof of stake they also likely fail.

[Anonymous No.54188201]

>>54188170
It's only a security if you sell it. It has nothing to do with gas tokens or erc20

[Anonymous No.54188203]

>>54188189
>PoW chains are not permissionless because someone has to manufacture and give you an ASIC

[Anonymous No.54188210]

>>54188203
Cope

[Anonymous No.54188218]

Imagine thinking that "government chosen" is a shilling point for Bitcoin. Literal inversion of reality. Clown world.

[Anonymous No.54188219]

>>54188201
if who sells it, the creator? it's open source software, anyone can participate and anyone can buy or sell what it produces

[Anonymous No.54188230]

>>54188187
>BTC and Monero are pretty much the only 2 coins that would pass the Howey test.
You mean they would fail the Howey test.

Otherwise carry on.

[Anonymous No.54188240]

>>54188218
>government chosen
There was never a choice, chud. Governments aren't choosing, they are submitting.

[Anonymous No.54188252]

>>54188230
what is meant is that it's pretty much the only 2 coins that wouldn't be considered a security based on that test, while all the others would. Pass or fail is too confusing.

[Anonymous No.54188262]

>>54188219
The creator or someone else who tries to make money with his shitcoin ponzi.

[Anonymous No.54188269]

>>54186683
>chainlink is a security
Nah. A security is an investment contract entered with the expectation of profit.
No one could possibly expect to profit off of buying chainlink.

[Anonymous No.54188286]

ate eef
pos = piece of shit
simple as

[Anonymous No.54188294]

>>54188240
>chud.
>Governments aren't choosing, they are submitting.
You're the same kind of useful idiot that thinks the reason his views align perfectly with the government and corporations is because they're kneeling to grassroots activism.
Thankfully the vaccine will wipe morons like you off the face of the Earth.

[Anonymous No.54188317]

>>54188294
>grassroots activism
What the fuck are you talking about, chud?

[Anonymous No.54188358]

>>54188317
Go back and take your shitty little work shopped meme with you

[Anonymous No.54188364]

>>54188358
buy bitcoin

[Anonymous No.54188424]

>>54188175
The more you learn, the heavier it gets.
>you're gonna carry that weight

[Anonymous No.54188428]

French people are retarded. Going against the pension reform is going against your children's future. Failed state, bankrupt government.

[Anonymous No.54188458]

>>54186658
Money & corruption

>>54186676
Money & corruption

>>54186688
/thread

[Anonymous No.54188682]

>>54186658
>go all in on crypto
he went all in on BITCOIN, not crypto
bitcoin maximalism is the way.

[Anonymous No.54189051]

>>54186658
because the government banning all competition is the only hope for his 80iq overleveraged investment in the flawed pet rock known as bitcoin

[Anonymous No.54189055]

>>54186658
He is the CEO of a publicly traded company for decades and has a humongous btc bag.

Why in the world would he NOT be nice to the SEC chair? Biz is full of children.

[Anonymous No.54190308]

>>54186658
Saylor is a spiteful retard, he doesn't understand Ethereum and Defi, he thinks that if they kill it people will go into BTC instead of leaving this shit forever.

[Anonymous No.54190365]

>>54186658
>getting your foot in the door

[Anonymous No.54190391]

>>54188269
>No one could possibly expect to profit off of buying chainlink
kek

[Anonymous No.54190396]

>praise

altmaxis really are permanently seething
just like whites make fun of browns, bitcoiners make fun of altmaxis that are crying now they're incapable of defending their "decentralized" money from regulators

bitcoin literally can't be shut down, but nearly every single alt can, and that's simply funny.

[Anonymous No.54190444]

>>54190308
nobody cares about what saylor has to say though. he's just another bitcoin late adopter trying to prop up his bags.

[Anonymous No.54190447]

>>54188195
>Because this arbitrarily applied regulatory fabric is loosely defined, it means I'm right and not that corrupt kike officials are my friend
>surely there is no chance this ever backfires!
This is your brain on being a maxi

[Anonymous No.54190528]

>>54190447
>maxi
i.e. being somebody that cares about cryptocurrency being both decentralized enough and resilient enough to survive governments trying to come after it.

what exactly is the point of the massive waste blockchains have on data storage and redundancy if they can be destroyed by one single government?
you really don't know what you've bought, like everyone else that turned up late and thought you figured it all out.

[Anonymous No.54192003]

>>54186676
Because Gensler owns a fuckton of BTC