Token Daily

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icecoldpopsicle 56 mins ago

And Yellen said she wants to curtail Bitcoin... not exactly crypto friendly.

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eyal0 2 hs ago

Steve Mnuchin and the party of small government have decided that you aren't allowed to hold cash anymore.

What a joke.

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brokemac Tin 3 hs ago

I actually like Joe Biden now. I'm sick of these radical politicians trying to fuck the world. Just give me a boring old man with some sense of decency.

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0-Give-a-fucks Gold | QC: CC 16 | r/Politics 28 3 hs ago

Hunter must have a sizeable portfolio of BTC & alts. gif

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dagadsai 6 - 7 years account age. 175 - 350 comment karma. 3 hs ago

ELI5 please?

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chosen189 4 hs ago

Then why the hell is it still crashing

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ryry117 Tin 4 hs ago

Already propaganda by gullible redditors for the new administration begins. If you actually believe Biden even knows what crypto is you are delusional. This rule was a halt on all Trump admin rules and proposals in progress for 60 days so Biden can review them all.

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StickyNoodle69 Bronze 4 hs ago

This is kinda revealing. I hate politics and all but looks like to me Orange man and co were against crypto. Jay Clayton and Brian Brooks were last ditch efforts to restrict crypto. I like Brian, he's a hero in a way, but in my own opinion, I don't like Stable coins. I don't understand the point of them when they are backed by an actual physical asset. Look at tether. Stable coins that are algorithmically stable and backed by a crypto, I like this much more. And as scary as the idea of a CBDC is, this is better than a stable coin like tether.

From what I noticed: Left - CBDC's and bridge currencies Right: stable coins backed by physical USD to keep the USD as a reserve currency longer.

I'm probably wrong here. But I'd like to also add that KYC addresses are stupid, it's not like it's impossible to follow addresses. It's not even necessary. If they want to follow someone's address and see what they're doing on the ledger it's already very possible.

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TheDadThatGrills Redditor for 1 months. 5 hs ago

Everyone know he's called Diamond Joe because he's been HODL'ing since '13

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BDM-Archer Gold | QC: CC 35 6 hs ago

I would l love to see them remove all taxes from crypto or at least so something like "any earnings from crypto under 100k is 0% tax" and give people an actual chance of getting out of poverty. Biden is too centrist tho.

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Rhamni [ 7 hs ago

Thanks, prez. Very cash money of you.

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KickarAplomb 7 hs ago

To those of us that have no idea what you talking about, plz til5

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eBra1n Redditor for 3 months. 9 hs ago

sorry for this out of subject question, is there any subreddit where i can buy exchange cryptocurrencies with paypal money?

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Mekswoll 4 - 5 years account age. 250 - 500 comment karma. 9 hs ago

Am I reading this wrong or has he simply frozen all proposals that require some kind of regulatory approval? Nothing in this briefing is specific about the FinCEN rule. It seems they've just put everything on hold so they can review each proposal individually and throw out the ones they disagree with. Could well be that the proposal is given the green light by the Biden administration as well (especially considering Yellen's comments recently).

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aminok 9 hs ago

Yes you're right. I copied the title from /r/CryptoCurrency, not realizing that the actual press release is broader than the title implies.

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Ascends Platinum | QC: ETH 113, BTC 33 | TraderSubs 112 11 hs ago

this just after janet says crypto = crime, fudge

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set-271 Gold | QC: CC 30 | r/Politics 11 Yesterday

Biden should also in turn, freeze Steve Mnuchin's bank account. That fucker took all the Federal Reserve stimulus money and dished it out to all his cronies (and I'm sure also to himself). Then, he further milked the Fed by the balls by asking for even more money...and got it because the Fed had no other choice. And then, conveniently, the Treasury Department was hacked by Russia and records erased. There's a breadcrumb trail somewhere and it all leads back to Steve Mnuchin aka The Foreclosure King.

EDIT: And also, little known fact, but Steve Mnuchin was the producer of Batman v Superman, which is just an absolute desecration of nearly 100 years worth comic book source material. Worst fuckin movie ever that gave us Ben Fatfuck ManBoob Man. FUCK MNUCHIN!!!

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Thewhiterabbit7 Bronze 3 hs ago

Yea, he is a giant POS. Is Yellen going to be any better though?

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set-271 Gold | QC: CC 30 | r/Politics 11 3 hs ago

Yellen is a massive improvement over Mnuchin. But still, I don't have my hopes up no matter what she does. The U.S. economy is in for some deep trouble ahead IMHO. Corporate CEOs built up a massive debt bubble while paying themselves huge, exorbitant salaries, and then all quietly retired when the central banks started buckling. And then just 1 month later, Covid hit. Things ain't looking so good for the U.S. and I haven't lost sight of who's responsible. JMHO

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FermiGBM Yesterday

Awesome it pretty much is a privacy breach

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maxito98 Tin Yesterday

After it was discovered that rioters received $500K in btc, a bill was introduced to combat crypto-funded terrorism. I think that Biden put this bill on hold so that they could have time to combine the two into a single bill.

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FaiIsOfren Yesterday

shit's going to go away the day it funds terrorism

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FirebaseZ Platinum | QC: CC 40, BTC 29, BCH 16 | TraderSubs Yesterday

Guys, it's frozen "until a department or agency head appointed or designated by the President after noon on January 20, 2021, reviews and approves the rule." Yellen replaced Mnuchin. Yellen, today, said that, "Cryptocurrencies are a particular concern. I think many are used - at least in a transaction sense - mainly for illicit financing... And I think we really need to examine ways in which we can curtail their use." So.... Ya. Sounds like she would expand the rule.

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vsesuki 1 h ago

Then there’s the news about alt right protesters getting paid in Bitcoin. https://www.bloomberg.com/news/articles/2021-01-19/far-right-groups-get-bitcoin-windfall-weeks-before-capitol-riot That kind of news is significant. The narrative is being painted: ‘white supremacists and far right activists are getting paid by foreigners to destabilize the country’. The regulation is definitely coming, and it would probably be the best outcome at this point. The downside outcome would be stuff like crypto exchanges being banned in the US.

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vincent_van_brogh 3 hs ago

god this is so dumb. How much fiat is used to buy drugs/guns/blowjobs ect eat my whole ass Yellen.

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BigDeezerrr 4 hs ago

Love when policy is determined because someone thinks something about something they aren't an expert in!

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AirFell85 Bronze 3 hs ago

Welcome to politics. When you get an expert for something you're not familiar with for a politician you like, you're happy they're getting council. When you get an expert for a politician you're not happy with, you're upset the lobbyists are controlling policymaking.

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urbanslayer Yesterday

Holy shit, someone with a brain in the thread. All the liberals in crypto(wtf) rushing to suck biden off over a very routine freeze

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beeeeeee_easy 7 hs ago

It’s just reddit man. Trump could’ve declared all crypto tax free and somehow this site would’ve told us how “Acktually it’s bad”. Biden could piss his pants on live tv and we’d hear about how he’s just one of us.

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Mundosaysyourfired Low Crypto Activity 10 hs ago

As long as the liberals pump before the bill gets introduced and I exit my positions I'm happy as a btc miner that didn't lose their wallet from the golden age.

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nathanielx9 Gold | QC: CC 52 Yesterday

You guys are idiots. Yellen already said she doesn’t like it. Biden just wants to proof read it before approving

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JandorGr 8 hs ago

She doesn't like what?

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DegenerateJack 7 hs ago

Cryptocurrency. She’s spouting about how it’s used mainly for illegal activity.

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ztkraf01 Gold | QC: BitcoinMining 19, BTC 17, CC 15 | Minin 2 hs ago

Thankfully USD is never used for illegal activity

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SaneLad Gold | QC: CC 18 | r/WallStreetBets 41 Yesterday

Don't celebrate too early. Yellen is already spreading FUD.

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ruskiv Tin Yesterday

Mr. President, tear down this sell wall.

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cipher-zer0 Gold Yesterday

This was a temp sweeping freeze on more than just this proposed rule for incoming admin to assess and review. Nothing to do with this rule and crypto specifically. Get your heads out of your own asses. If you believe a Biden admin will be somewhat "pro-crypto" you haven't been paying attention.

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valvesmith 7 hs ago

Look at his inauguration. He's bringing the war on terror home and the American people are the enemy.

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cipher-zer0 Gold 7 hs ago

Bingo!!! They'll probably also do a few wars abroad though. More fun for the deep state. The swamp went too deep for Trump to handle... At least for a moment it was exposed for all to see. Hopefully this will bring about some changes in the way people think about their lives and the people in control going forward, but I'm not holding my breath. China is winning on all fronts so far. Tech-Tyranny or Woke Tech-Totalitarianism looks to become the new norm and too many useful idiots are either complicit or ignorantly applauding it.

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Sixsignatory Gold | QC: BTC 21, XMR 21 8 hs ago

Yep. You cant have womb-to-tomb government AND freedom of money. They pulled it to formulate their own broader attack.

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bound_muse Yesterday

I don’t really think they are going to have a choice in the matter. Honestly it’s adapt or die. Nobody wants to go down as Nero did and be remembered for fiddling while Rome burned. Inflation is coming, other countries are already building their plan. He does it or the US suffers harder than everyone else again when it hits.

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cipher-zer0 Gold 11 hs ago

These are politicians and bankers, not regular people hehe and very powerful (and rich) forces make sure their candidates get put in place. They don't consider themselves as Nero, I don't think anybody does in the moment. The fall of the western Roman empire might have taken something like 500 years to play out but in this hyper-connected information age that will be cut down to maybe a decade or two perhaps. Do you think that Stalin, Mao, Hitler et al thought of themselves and what they did as bad for ex? They might be completely ignorant, misinformed and morally corrupt but most don't act out of evil. They believe they're doing the right thing. The people in control believe the only solution is MORE control of the system, of course. Remember "power corrupts and absolute power corrupts absolutely". We might actually want politicians to do less, not more in a lot of cases :) They will just push to shift to another system and solution but one that they can continue to leverage power and control on. SDR, basket of fiat and commodities, CBDC, more regulations, more rules, tighter control, more centralisation, more surveillance etc. After the banking crisis of 2008 did they fix the system? Quite the contrary... They can't control Bitcoin so that's not their A solution. They will never give up that power because it will make them weaker. So rest assured, they will come for crypto. If they ultimately manage to find a way to win is another matter... But I'm seeing TPTB as they'd rather leave a scorched earth than give up even an inch of that precious monetary power and control. I do believe decentralisation will win in the end though, but the war hasn't even started yet. Not even close... Maybe I'm a bit pessimistic in my short-term outlook but I've been around for a while and learned how these things tend to play out historically.

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cipher-zer0 Gold 8 hs ago

Taxing unrealised gains... Now this is more like the government-banking cabal that I imagine. https://www.cnbc.com/2021/01/20/oaktrees-howard-marks-on-unrealized-capital-gains-tax-janet-yellen.html

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proto_ant Silver | QC: CC 65 | VET 122 7 hs ago

I work in tax for private clients, and trust me, taxing unrealized gains has practically no chance of becoming new law. I have clients with literally billions of dollars of appreciated stock sitting around in brokerage accounts and trusts. People like them will lobby any change like this away ASAP

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jobby23 Tin Yesterday

Why exactly do crypto people like Trump?

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Mordan Gold 8 hs ago

because Crypto is a fight against Fraud. Trump was the least swampy of them all. And he called the fraud out risking even his life and impeachment. Watch the movie V for Vendetta.

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lockon345 7 hs ago

[Take your head out of your ass...](https://corpgov.law.harvard.edu/wp-content/uploads/2019/07/trumptweets-546x640.png)

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DoLessBro Tin Yesterday

Because Trump won’t shut down crypto or call it “an arm of white supremacy” like the modern lunatic liberal party has already started murmuring about. Trump supported everything that enhanced wealth and opportunity for Americans

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eastsideski Platinum | QC: CC 111, ETH 24 10 hs ago

Trump literally tweeted that he doesn't like Bitcoin because it's not backed by anything

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nclh77 24 mins ago

Ahh, the ol kill em in our corporate controlled courts maneuver.

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going_going_Gonzo 52 mins ago

Don't hate on me too hard...but what is white paper?

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paddyspubkey redditor for a day 1 h ago

The main argument seems to be between those that think devs should spend zero time on legal battles and between those that think a line must be drawn in the sand (in real, normie legal-space).

Given that CSW's next letter may very well demand a slew of other ridiculous demands (like taking the bitcoincore.org site down altogether), and given that those who control the site currently grant that the merit of such demands is not the issue (they're frivolous, but expensive to litigate anyway), I suggest that control of bitcoincore.org be handed over to a party that is both well funded and happy to engage with these legal attacks.

Existence in the normie web is only possible with sufficient funds. Tech companies deal with mountains of litigation on a regular business, because: 1) they care about presence in the normie web and 2) they can afford the legal cost.

So either the dev team admits that it's capitulating its web presence and continuing 100% in the dark net (arguably a net loss for users who aren't savvy enough to follow them there) and consequently surrenders control of the website to a legal-battle-hungry entity who's sufficiently bitcoin friendly, or they bite the bullet and fight the fight (funding for this will be easy to secure with so many extremely rich bitcoiners).

It's either a choice between no normie website at all and between one that's owned by a central entity (dark net presence can be maintained regardless). There's no reason to think that any given maintainer is more trustworthy than any given corporate entity (e.g. blockstream), so why not? At least the website will survive weak ass attacks by frauds.

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primepatterns 1 h ago

In my view, the copyright claim is a MacGuffin.

What CSW and his pals really want is "Bitcoin" the trade mark. CSW often uses the phrase, "passing off" when referring to BTC. This is the name of an English common law tort which gives the owner of business goodwill in relation to an unregistered trade mark the right to restrain others from using it in a way that misrepresents the origin of the relevant product or service.

I believe that CSW intends to bring passing off claims against the cryptocurrency organisations that use "Bitcoin" anywhere in their name with the intention of forcing name changes and leaving only BSV.

I see no reason even to acknowledge the copyright claim as it is hopeless: no damage incurred, evidence of MIT licensing and, best of all, a massive delay in taking action.

The passing off claim, however, is trickier to ignore even if the merits are also shit.

(CSW also refers to making "database right" infringement claims against miners, but I would not lose any sleep over such claims if I were them)

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Quantris 1 h ago

Just set things up so that anyone with Satoshi's private key is able to take the link down.

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paddyspubkey redditor for a day 1 h ago

bitcoin.org (cobra's) is accepting donations for the legal fees: 3E8ociqZa9mZUSwGdSmAEMAoAxBK3FNDcd

(you can verify the address in the blog post)

around 12 BTC donated so far.

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qznc_bot2 1 h ago

There is a discussion on Hacker News, but feel free to comment here as well.

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DrDankMemesPhD 2 hs ago

After reading the comments from u/nullc and from u/Cobra-Bitcoin I am very glad that Cobra is going to fight this, and very glad the core devs are going to continue coding instead of wasting their time on CSW.

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tracereaper01 2 hs ago

We need to get as many people to keep and host the whitepaper. We need to spread this like wildfire. This could be the deciding factor for bitcoin one day!!

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KalEll66 2 hs ago

If these centralized miners, big block shitcoins really cared about currency for the masses, they wouldn’t have a cap and would issue a stable coin.

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Additional_Ad_4248 redditor for 3 months 3 hs ago

Who merged?

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ItsSomethingNot redditor for 3 months 3 hs ago

" Bitcoin Core developers scrambled to remove the Bitcoin whitepaper from bitcoincore.org, in response to these allegations". ARE THEY NUTS?

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FinanceSorry2530 redditor for 2 weeks 3 hs ago

Fucking child

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_virtu_ redditor for 3 months 3 hs ago

Someone should spend some sats on OP_RETURNs to put the whitepaper on the blockchain. Then he needs to talk to Bitcoin's CEO!!!

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ngoline 3 hs ago

I'm hosting them as well:

InterplanetaryMonetary.Systems/bitcoin.pdf

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Troy_Ounces redditor for 3 months 3 hs ago

I’m so tired of hearing the name Craig White. This guy is a boil on the face of bitcoin

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InternationalPizza 4 hs ago

https://github.com/bitcoin-core/bitcoincore.org/pull/740

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RockyMountain_Jeeper redditor for 5 days 4 hs ago

So core has surrendered to CSW ?

What in the holy fresh hell is going on with those people?

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neonzzzzz 5 hs ago

My response - https://github.com/kristapsk/bitcoin-scripts/commit/d6f17c86549a7745e55f7149be1a0b3ab83132cd

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Tinseltopia 6 hs ago

Fuck this guy, he's only trying to posture as Satoshi, to lend credence to his Bitcoin SV... Which no one cares about

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Cab000se 6 hs ago

How is CSW still not in jail ? lol

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BiGBoSS22888 redditor for a day 6 hs ago

I don’t like to wait before a platform will rise. I like to find smth cool and join during the public sale. So now I plan to participate in PolkaCover crowd sale on Jan 21th cause I hope the price after the listing will boost

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kodaplays 6 hs ago

https://www.youtube.com/watch?v=cKbPNFUHLYM

Clown

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ZZ3xhZz 6 hs ago

if CSW is so confident, why doesn't he go after bitcoin.com?

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Catch_Yosarian 49 mins ago

Says it is unavailable. Probably can’t have it up when he tries to bring down the hammer.

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Boredguy32 1 h ago

Why does he refer to Satoshi Nakamoto as 'she'? And when he asks the class if they have any doubt who Satoshi Nakamoto is they all have no questions? Which class does he get into that?

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ntshleo 1 h ago

+tip Coinabul 0.00001BTC

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MrKittenz 2 hs ago

Things like this are amazing! I did the online Princeton computer science class 4 years ago and it really helped me understand so much. I highly recommend doing classes like these.

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Supersecretsauceboss 4 hs ago

Wow

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Adrenalineblush 4 hs ago

Wow! Thank you for this!

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Bitcoin_to_da_Moon 7 hs ago

ty

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mrkez Tin 8 hs ago

This is good OP! Thanks for sharing

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BlackPresident Yesterday

Oh fuck, this is potentially huge.

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givingbackTuesday Gold | QC: CC 26 Yesterday

Thanks for posting, I look forward to using this as a resource!

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amphibiousParakeet Gold | QC: CC 37 Yesterday

omg thanks for sharing this

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fuqxyu Yesterday

Thanks for sharing.

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chongal Yesterday

Too bad Fed chair will be aids

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JimCramersCoke Yesterday

Powell is good what are you talking about

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chongal Yesterday

Yellen

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JimCramersCoke 7 hs ago

she’s treasury sec

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chongal 7 hs ago

Ah, ty

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NewYorkYangkees Redditor for 1 months. Yesterday

It seems like Gensler’s point of view is extremely reasonable. He believes strongly in the ultimate value of blockchain, but like the early internet, knows that for full adoption by institutions it needs clarity and regulation to protect investors. This seems like a great sign for Bitcoin.

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Donk3y_Brolic Bronze Yesterday

Seems like a good sign for all of crypto, not just bitcoin.

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LeagueOfEkko Tin Yesterday

Ooo good Idea

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Midwest_Parrothead Platinum | QC: CC 44, SC 16 Yesterday

Lecture slides can also be found here.

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frigginballhog Yesterday

someone moon this guy, these slides r great

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