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If you knew how broke I am, you would send me some too

This is honestly that doomsday scenario I have used a ton to talk about basic use case. Government implodes and you need some currency. Boom, blockchain.

Great, now will someone tell Elizabeth Warren to stfu and sit down.

Wow this is great. So much use-case in crypto, we keep learning innovative new ways to use the tech. Love to see it! Especially for the greater good

This is just the start! So glad to be here cheering on this tech and seeing it start to make real world changes for the better. Your imagination is the only limit to what this tech can do. Let’s hope that the leaders of the world have a little imagination and let all the good that can come from this flourish.

Love it

This is the best tl;dr I could make, original reduced by 72%. (I'm a bot)

To avoid this, while also distributing aid to internally displaced persons from Ukraine and those affected by Russia's invasion, UNHCR, the UN Refugee Agency, is turning to crypto.

The aid recipients can then receive the funds in dollars, euros, or local currency at a MoneyGram location, of which there are 4,500 in Ukraine, according to a statement.

"UNHCR has been collaborating for years with the tech sector, which has played a crucial role in helping us to innovate to deliver assistance faster, as speed is of the essence in humanitarian action," UNHCR Representative to Ukraine Karolina Lindholm Billing said in the statement.

Extended Summary | FAQ | Feedback | Top keywords: Ukraine^#1 UNHCR^#2 crypto^#3 aid^#4 funds^#5

This is the best tl;dr I could make, original reduced by 72%. (I'm a bot)

To avoid this, while also distributing aid to internally displaced persons from Ukraine and those affected by Russia's invasion, UNHCR, the UN Refugee Agency, is turning to crypto.

The aid recipients can then receive the funds in dollars, euros, or local currency at a MoneyGram location, of which there are 4,500 in Ukraine, according to a statement.

"UNHCR has been collaborating for years with the tech sector, which has played a crucial role in helping us to innovate to deliver assistance faster, as speed is of the essence in humanitarian action," UNHCR Representative to Ukraine Karolina Lindholm Billing said in the statement.

Extended Summary | FAQ | Feedback | Top keywords: Ukraine^#1 UNHCR^#2 crypto^#3 aid^#4 funds^#5

On the Stellar network*

u/SuccessfulLowDev You are the best.

This is how you show them usability.

Unsung hero Stellar.

Through a new blockchain-based aid program, UNHCR will transfer USDC, a stablecoin pegged to the U.S. dollar, to eligible recipients’ Vibrant digital wallets, which run on the Stellar blockchain. The aid recipients can then receive the funds in dollars, euros, or local currency at a MoneyGram location, of which there are 4,500 in Ukraine, according to a statement.

UNCHR partner with the Stellar Development Foundation is being piloted in the Ukrainian cities of Kyiv, Lviv, and Vinnytsia, and will expand to other towns and cities. The UN said in a statement that the initial phase of the project is designed specifically for Ukraine but could expand to other parts of the world.

Great move UN.

Ahh sweet

so the refugees get an essentially universal currency they can easily convert to use in the countries they're entering?

some of the best crypto related news i've read in a while

Crypto has shown its worth in Ukraine any doubters should take a close look at the big part crypto has played in Ukraine since the start of war

Sounds nice and all, but converting USDC to cash without a credit card, or a bank account in said local currency is not an easy task.

What

The buttcoiners be temporarily going blind when I show them this article

Warren hates this lol

Crypto once again saving people.

Very very nice.

It's sad that it had to take a war for some people to see that crypto is about freedom and human liberties. We need freedom even in the absence of war.

8=======D

🤡

Bro y don’t people fuckin understand how blockchains work fuckkkkkkkkkk

To be frank one part of adoption is usually the phase when they try to restrict and ban you.

Twat, that is all.

It looks like we will need a Flashbots relay that censors transactions interacting with or originating in the US.

Is this viable?

How about working on getting the bill through that prevents congress from insider trading?

Except you know, it doesn't work that way.. There's literally no way that could ever be practically enforced

That's not what this bill does. As worded, it essentially regulates use of the SHA256 hashing algorithm inside your own home.

Wow. That's very rich to announce that less than a day after the SEC revealed Congress has practiced money laundering with huge amounts through FTX.

Serial killers denouncing some people are wounding others... really, the hypocrisy is wild.

This nutjob really is dying on the crypto hill. Lmao what a clown

A lot of nonsense; it will never pass

She only likes it when money is laundered through her campaign coffers. If it is outside her reach, it must be stopped

Pass this on fiat first

Warren seems to love reminding people she is economically minded and then you read the bills she proposes and they just aren't even close to tackling the financial issues at hand in that space. This isnt the first example.

The legislation would direct the Financial Crimes Enforcement Network (FinCEN) within the Treasury Department to designate digital asset wallet providers, miners, validators and others as money service businesses. That in turn would extend responsibilities in the Bank Secrecy Act to the crypto industry, including Know-Your-Customer (KYC) requirements.

lol. Every miner/validator will now need a dedicated compliance department to check the attached passport scans in every transaction before manually approving them. Smoke signals wil be faster at that point.

What's your take on this? I feel like the sentiment is sound, but it's unclear to me what the specifics of this bill could mean. Especially regarding crypto ethos.

*laughs in Monero

Okay!

So, where was I?

Yeah, Bitcoin is bad, very bad.

• Crypto haters

We all know Crypto is a future and government can't do a shit about it.

tldr; Cryptocurrency-based crime hit a new all-time high in 2021, with illicit addresses receiving $14 billion over the course of the year, up from $7.8 billion in 2020. However, the growth of legal cryptocurrency usage far outpaces the growth in criminal activity. Criminal abuse of cryptocurrency creates huge impediments for continued adoption and victimizes innocent people around the world.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

They will just ignore this and keep spreading the news they want.

And yet politicians will continue to spread this FUD just so they can continue to exert control and keep crypto from taking over

Elizabeth Warren will not read this.

In fact, with the growth of legitimate cryptocurrency usage far outpacing the growth of criminal usage, illicit activity’s share of cryptocurrency transaction volume has never been lower.

​

Transactions involving illicit addresses represented just 0.15% of cryptocurrency transaction volume in 2021 despite the raw value of illicit transaction volume reaching its highest level ever.

Geo thermal and molten salt reactors are already enough to save us, just need rolling out.

Only if they're a nuclear family

they have to science harder if they want to see their families if they slack off they get the science paddle across the arse

Yes! This was a wonderful scientific breakthrough! Unfortunately the media is making it out to be more than it was. The experiment had net energy gain if you only count the lasers that hit the target as your "energy in". This is still a HUGE SUCCESS that many folks thought might never happen, especially in inertial confinement fusion - as the honors student pointed out, it has not historically been considered the best approach.

Here are some things it was not: the end of climate change, free energy for everyone starting now, or even net energy gain once you count other inefficiencies in the system.

However, it was not intended to be those things. The NIF isn't a power plant, it's a research facility. This shot was a proof of concept that took decades for some of the biggest scientific brains to achieve. It'll be at least a couple more decades until it turns into a power supply, if ever.

Fusion is the long game, not an instant cure. The challenges are still numerous and complex. This was one big historic step, but far from the final one.

That's a boring headline, though.

National IgNUTTED Facility

I love how everyone is all of a sudden a nuclear engineer. We can't just accept that there are people smarter than us out there doing interesting things. We have to somehow outsmart them all at family dinners and in internet forums.

No. Scientists can't have families, they are married to the experimental method

I mean, it's called the National Ignition Facility, and they achieved Ignition, so that means we can shut it down and stop, right? Everyone can go home?

LFG my mom was on the news about it!!

https://youtu.be/xaCDe02wJpI

How soon before humanity achieves warp drive?

In like 30 years a billionaire tech guy is going to stand on top of Livermore Lab's shoulders and media blitz the entire world into believing they personally invented this method of power generation and all the heavy lifting done by public funds and institutions will just be a paragraph on a Wikipedia article.

Is it me or the press release is extremely disappointing?Just one small paragraph about the actual experiment tucked in after all those mostly irrelevant quotes.

Very cool, almost futuristic stuff. Unfortunately we all know coal and fossil fuel corpos will lobby to hell and back against this.

I've been cringing at the number of politicians getting their name in the press for this achievement. I assume the lab wants to thank them for funding but geez!

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This story is massive, holy crap. The first ever positive energy return from a fusion reaction. This is the true future of clean energy, and potentially the easiest path to dropping carbon fuels altogether. This is great news!

As someone who's done research on plasma physics, I'm very skeptical until results are re-produced. This result goes against the grain of 30 years of thought behind how to make a working reactor (ie tokamak designs). While its nice to be exicted, you must be skeptical.

And pulled 200MJ from the grid to do it.

Since experiment was completed by DOE, does this mean there will be no patents issued and the documentation is available under to Freedom of Information Act?

The NIF at LLNL achieved controlled inertial confinement fusion ignition for the first time last Monday. The NIF delivered 2.05 MJ of laser energy to a fuel capsule, which ignited, producing 3.15 MJ of energy out ~1.54x increase.

Human minds are brilliant. It's hard to go through the day in a mindful state and not admire how everything we do on a daily basis was amazingly engineered.

So does that mean we can officially move from 20 years away from fusion power to 19 years away from fusion power?

The facility that made the breakthrough cost $3.5B. Just imagine if one, or more, of the richest people in the world used their money to fund accelerated research, rather than buying a social media platform for trolls, or rocket ships for the wealthy.

Finally, a fusion place with potential.

This experiment generated a Q ratio of 1.54 (Generated 3.5MJ from 2.05MJ). Pretty nifty. Shows feasibility.

u/norrissifford8474 tipped you 1000.0 DONUT!

Even if it was an accident it should be treated as a crime..

"Executives at FTX reportedly received a total of $4.1 billion in loans from Alameda Research, including massive personal loans that were likely unsecured. As revealed by bankruptcy proceedings, Bankman-Fried received an incredible $1 billion in personal loans, as well as a $2.3 billion loan to an entity called Paper Bird in which he had 75% control. Director of Engineering Nishad Singh was given a loan of $543 million, while FTX Digital Markets co-CEO Ryan Salame received a $55 million personal loan."

u/TheRock_97 tipped you 1.0 DONUT!

u/Agent_4--7 tipped you 1.0 DONUT!

Makes me wonder what are they trying to distract us from? It has to be bad for them to tank their money laundering machine. Did they know that Musk was going to do the file dump? That the scientist was going admit the virus was man made? Or is there something even bigger coming yet? The good news is the DD has been right all a long. More defaults are about to be announced. It’s not a matter of if, but when(?)

It collapsed! Where did all the fucking MONEY go??? It can not just disappear in thin air.

Death penalty for white collar crimes should be back on the menu.

"ALIENS"

You he US government is investigating themselves and found no evidence of wrongdoing.

SBF was working for the government, and still is. This was part of their efforts to usher in a cbdc (specifically THEIR cbdc), by making all the others have confidence lost in them.

Comment for visibility.

If you look at what FTX was doing, and how the collapse is being handled, you should get an idea of how the GME situation will go down. This is all really very similar in approach and mindset.

If/When the public decides that what SBF was doing was wrong (and criminal) the same logic can also be applied to most of what the current stock exchange/broker system is also doing. SBF is from Jane Street, and he just took what he was doing there, and did it with crypto. He likely doesn't even think it is wrong, because he knows that this is how the system works.

THIS is the real reason we are not seeing the MSM jump on the criminal aspect. If people start thinking rationally about this, they may ask the question: How is this different than how wall street is allowed to operate?

Who cares? FAFO

Let this be a lesson to those playing dumb games that everyone called dumb

There’s a reason “traditional” banking and investing is so heavily regulated

Every government rule in finance was written because of people getting hurt in some way

There’s no legitimate purpose for crypto

Get over it

Can anyone tell me how tokenized gme is still trading when everyone knows they never purchased the shares and no one is getting the money from selling?

What. The. Fuck?

I read this one in full on my morning coffee at work on Friday. It’s, in my opinion, the closest a news outlet has come to starting to peel back how artificial this act of financial crime is being reported. Asking some very pertinent questions, and recognizing that the immediacy in SBF’s coming forward, and the willingness to let him purport a hapless narrative on national television. Definitely worth an upvote and a read if you haven’t already.

Absolutely. If you think that wasn't by design your crazy

Even if it was an accident, he stole billions of dollars. The damage is done. He needs to be punished to set a precedent.

Not True, it was accidentally caught crime; we have several crimes in the market and need find accidents!

This is orchestrated. Shit on crypto and shake that money loose to fund manager.

No fraud?

When someone slaps u across the face, don't give them a second chance.

This situation will not be solved in any correct manner so to fix the situation punish them:

Never give them our money again. We invest in ourselves now.

The Coindesk article is click bait and by (hopefully unintended) extension, so is this post. It is now common cause that the FTX collapse is founded on crime (fraud). It is not ‘news’. The sub has developed something of a Pavlovian response to the mere mention of the word ‘crime’.

What is significant is that Coindesk published the ‘leaked’ Alameda balance sheet that set off the FTX chain reaction on 2nd November 2022. A chain that is now engulfing Coindesk’s owner DCG. It is very strange. The Coindesk journalists / editors had to know the leaked Alameda balance sheet was explosive. A mortal threat to the entire crypto world. So you publish something that might threaten your own job? Why was this published in a crypto friendly medium and not somewhere like the New York Times or FT?

Since the FTX collapse, it is becoming increasingly clear that SBF is a stooge. A useful idiot and NOT the mastermind. He is also - allegedly foolishly - talking to anybody who wants to listen. Drawing attention from the real questions: who leaked the Alameda balance sheet and why? Why now? Where is Sam Trabucco? Who is Daniel Freidberg? Who is Gary Wang?

Brett Harrison is ex Citadel. ‘Head of ETF technology’. Was not there long and does not sound like a very senior role, but still. He became CEO of FTX (US) but resigned in Sept 22. Was he the source of the leak?

So, so much more to this…

Not your name, not your shares. Not your keys, not your coins.

As they all are and nobody with the power to do anything will.

we know...everybody knows...thats why people make fun of the articles about FTX

I have no desire to remove my ETH from staking. It’s more or less a risk free return.. If you want complete risk free, then put it in a ledger and hide underneath your bed.

I too am anxious about when i could end being in that awesome deal of earning 8% on a deflationary asset.

I’m so glad I didn’t stake my Ether in the end. As someone said here, Coinbase presented it that it would be released after the merge, and until I read this post I didn’t realise that hasn’t happened. I’d be livid if I couldn’t get my money out and was able to sell at a good price all things considered.

When Shanghai update come. This will be next year, but who nows, that's eth dates

I wish I had enough ETH to stake myself

That article sounds like it’s written by a r/cc moon farmer lol. Unless the staker was scammed by a fly by night CEX, almost everyone knows that withdrawals will happen when Shanghai upgrade rolls out but with no definite date yet.

Anxious , why ? They knews it would take another 2 yrs and that too slowly....

Wasn't that part of the condition when they staked?

I'll be staking and earning interest as long as they'll let me

Anyone who has been following Ethereum at any point in its seven-year history knows the protocol is notorious for being perpetually behind schedule

Me and my .1 ETH can't wait

Surely, they're only anxious if they aren't running their own node and instead are using a CEX or other such custodial staking platform ?

Weve always been questioning it, nothing new! Remember when loooads of people thought that the merge would unlock staked eth?

If I had minimum 32 ETH staked I would have been asking questions also.

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I feel stupid but how to use it ? Do I just import my image in img2img, set the size to higher than my image, select SD2 as a model and write "upscale" as a prompt ? Is it better than RealESTGAN and LDSR ?

Only runs on CUDA though

Can the upscaler be run without having to generate an image? Meaning upscale your own images

​

Didn't find anything about this anywhere

Can this be run on my GPU?

Use SD1 to generate a base image and upscale it with SD2 to get the best of both worlds

Hum~ This bit on the Github (https://github.com/Stability-AI/StableDiffusion) is... interesting...

"This script incorporates an invisible watermarking of the outputs, to help viewers identify the images as machine-generated."

pip install transformers==4.19.2 diffusers invisible-watermark

It seems that a new version of Stable Diffusion has appeared, as the NovelAi image generator is a modified version of Stable Diffusion, it seems something very relevant for possible future versions of the model.

Apparently the most useful new features are:

• A Better Upscaler.
• A better version of img2img (depth2img).

I wonder how it does hands and flags now.

Go science/tech!

So they apparently have "cleaned up" the models, apparently filtering out "adult" material and such, and are adding features that everyone is after (768 x 768) and depth to image.

*and* it's different enough that this isn't going to work out of the box with things like Automatic1111.

Buckle up kids, here comes the monetization phase.

So they took out a ton of Artist references and nerfed celebrities? Cool, cool.

I'm absolutely blown away by the quality of those images.

They even filtered out NSFW. NSFW was why like half of the users use SD v1 in the first place.

Default 2.0 is a downgrade if you want to draw celebs, just saying. They cranked up the censorship with this version basically. Still can't draw hands, no "by artist X" prompts anymore. Kinda worried SD will regress into something that will need dedicated tweaked models for everything.

Depth to image is such a cool feature, well done!

So generate stuff in 1.x, generate background in 2.0 then inpaint the 1.0 image into 2.0 and upscale in 2.0 :)

What's the difference between this and the others?

“Looks like”? It was officially announced: https://stability.ai/blog/stable-diffusion-v2-release

How are the results compared to MJ V4?

What does better CLIP mean? does it mean it will follow prompts more closely?

I haven’t even gotten V1 going, this stuff moves fast.

Looks really impressive. What I don't understand at first glance is how to set up a local instance of this software. If it will even run on a PC

From what I heard, the 2.0 models aren't yet compatible with things like automatic's repo. Can't confirm though.

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can this even draw fingers?

From the paper:

"In April 2022, a researcher received a 63-month sentence, along with a $100,000 fine, for delivering a presentation about cryptocurrency technology in North Korea."

So for attempting to empower victims of economic abuse and dictatorship the USA sent someone to jail for years and took 100k from them. Really says all you need to know about OFAC and who it is meant to punish.

Central banks in countries that face a risk of being sanctioned by the US could shift their international reserves to include bitcoin (BTC), a new Harvard University research paper has argued.

tldr; A new working paper by Harvard economics professor Matthew Ferranti argues that it makes sense for many central banks to hold a small amount of Bitcoin under normal circumstances and much more Bitcoin if they face sanctions risks. He argues that gold is a more useful sanctions hedge, as it is five times less volatile. The paper doesn't say anything about whether applying sanctions is a good or bad thing.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Bought more today. Thanks for the advice.

The premise of this is bypassing western sanctions can be achieved by leveraging bitcoin. I’m long bitcoin too, but this thesis is not good for bitcoin. The idea that institutional investors will own an asset and help prop up a market for nation states like Iran and Russia to fund aggressive foreign policy really doesn’t make sense.

I think Harvard should tell central banks the real truth; DeFi platforms like DAFI protocol, AAVE, Thorswap, etc will completely replace banking services. It's just a matter of time.

I agree whit this Harvard guy 😊😊

What we should want, as Bitcoiners, is broad mainstream adoption and investment of Bitcoin, before the banks and corporations make regulations friendly enough for them to buy it all.

This should be seen as a race to the last Bitcoin. it is literally a zero sum game.

In the future, you will either have Bitcoin, or you won't, and your caste in life will be decided upon it. That will apply, whether you are an individual, a company, a bank, or a nation.

Not having a position in Bitcoin, based on ignorance, or ideology, is not a viable option

Get in, or get left behind. Either way, you are making a choice.

I’m not sure I trust Harvard. Seems like a diploma mill for the affluent

This article’s opinion is too volatile

same guys that 'mine' Pi Coin ?

​

​

​

​

/s

I didn't go to Harvard and i can tell them the same!

this is gud for bitcoin

tldr; A new working paper by Harvard economics professor Matthew Ferranti argues that it makes sense for many central banks to hold a small amount of Bitcoin under normal circumstances and much more Bitcoin if they face sanctions risks. He argues that gold is a more useful sanctions hedge, as it is five times less volatile. The paper doesn't say anything about whether applying sanctions is a good or bad thing.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Me to everyone: Sell your BTC so I can buy in lower!

Bitcoin Army - Bitcoin Only - BABO

Bitcoin is solid

A lot of BTC maxis in Harvard. I would like to know if Oxford promotes ETH.

If a central bank should buy BTC, so do I!

Finally, some news that makes sense.

Wildly misleading title, wildly misleading article. Interview was ok.

Ivy League Ivy Hodl

Buy Bitcoin and what I do with it? Keep it in wallet till I get old?

When have we ever listened to our profs? Will probably not listen this time too.

If you read the article he suggests they hold some Bitcoin but goes on to say gold is a better alternative that can achieve the same outcome.

Scam people and you get to enjoy in the Bahamas.

Steal bank's money laundering business and you get to enjoy prison.

Meanwhile the corrupt politicians are running around enjoying their vacations. What a fair world.

History will be defined as we will learn Alexey’s fate

For writing code...

Meanwhile look around at the crooks still walking free.

And meanwhile SBF is still shopping and Do Kwon is still tweeting.

Scam bankman fraud and Do Kwonman are still free, while this guy is still detained? for writing code? Fuck off

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tldr; Alameda Research CEO and senior FTX officials knew that FTX had lent its customers’ money to Alameda to help it meet its liabilities, according to people familiar with the matter.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Of course they did. They were just betting 100k btc, and being able to paper over the fact after they became billionaires

You don't say. The executives/board had knowledge of what was going on with their own company???

I volunteer to run FTX 2.0.

It won’t be hard to be better than these clowns.

I mean weren't the 10 of them all living in the same penthouse and fucking one another anyway? Of course they knew!

Jail and prostitute the whole lot of them.

Hard to fathom this amount of fuckery going on in such a large company, but let's be real it's crypto.

They all should be arrested and pubicly announced.

Scumbags.

Watch these entitled connected rich kids get away with this shit.

Scum

“ Said to have known” is key word how come they were quiet while everything was falling apart to this point . Pretty sure insiders also made some money .

Color me surprised

Time for SBF and his hobbit CEO at Alameda to face the music. And prison

He doesn't care, he is now sunbathing in the Bahamas and thinking about how to spend the stolen crypto.

How many times do we need to learn this lesson before we stop keeping funds on centralized exchanges.

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The inverse Cramer ETF might buy the dip

It’s the only bottom indicator that’s truly meaningful and time-tested. Dumpster diving is really fruitful this month anyway with thanksgiving round the corner.

He's turned himself into a complete joke. Still manages to shamelessly give his opinions after being wrong almost everytime.

Alright boys, it's time.

Bogdanoff "PUMP IT"

Scary! Or not…?

Buy signal!

At a minimum this will mean a cat bounce. Best case scenario, 100k EOY.

Finally, the buy signal.

Jim crammer is saying to cash out Crypto

Time to go all in! And of course, immediately transfer straight to self custody

That kind of policy is EXACTLY how the financial collapse came to be.

smear smear smear

GG and SBF were meeting to set up a Monopoly thru Regulation.
Billions given to UK. Funneled to FTX and SBF then given to Democrat Party. FTX = Chaos Investors Reaction = Action Regulation = Solution Also, this is why they had to drag the most Effective the most Versitile the most Compliant the Greatest Decentralized Commodity Coin is XRP ! Into Court! You play games in a court. That's why tou use a Racket! Because it is a Racket! Cheers!

These are your elected representatives on the Banking committee. These are the people that have allowed Herr Gensler to run over the constitution to such an extent that the question of whether we still live in a free society is true. These are the people responsible and to whom Herr Gensler is accountable. These are the people he has disrespected and ignored. These are YOUR representatives Gensler has disrespected and ignored. They have allowed this to continue and it is them that must apply and uphold the constitution of our country which they have not. If you believe Gary Gensler is corrupt, then you must also believe these elected officials are also corrupt. VOTE!

Dems Warner, Mark R. (VA), Chairman Tester, Jon (MT) Sinema, Kyrsten (AZ) Ossoff, Jon (GA) Brown, Sherrod (OH), Ex Officio Reps Hagerty, Bill (TN), Ranking Member Crapo, Mike (ID) Kennedy, John (LA) Daines, Steve (MT) Toomey, Patrick J. (PA), Ex Officio

Elon cucked the whole department on Twitter, then he bought the platform he cucked them from and they did nothing. The SEC doesn't work for you, they work on their knees in a truck stop bathroom.

Lol this article is garbage “daddy didnt tell us these things would loose our money” all of this shit is risky dont put all your eggs in one basket and dont keep your shit on exchanges. Grow up you shill “journalist”

Seems to me, this SBF incident, in terms of "regulation", is just a deliberate act, to which they knew would have this consequence, in order to get "the people" to "ask" for some type of CBDC currency. These newly revealed "crooks" aren't about to hand that over to XRP. Heads they win, tails, you lose.

Bitcoin's response.....not so fast there mister.

Commenting on the thumbnail, I wish they picked something other than his O-Face because it’s all I see in my feed.

He was on CNBC the other day calling for more regulation and clarity…yet doesn’t understand that it’s literally his job to provide exactly that…

How long has crypto been around for? Over a decade. I get that these things take time…but 10 years?

Gensler pretty much stated on the John Stewart show that they are only going after easy targets and not pursuing rich people that can afford to defend themselves. That kind of policy is EXACTLY how the financial collapse came to be.

This article is dumb and basically pushing the idea of rushing regulations which is extremely risky and stupid. Dumb.

can't say i respect gary very much

Gensler makes Gensler look bad - again

Bro they literally laundered money from Ukraine though FTX to the democratic party.... like there was literal election interference from a country that isn't even an ally.

Holy fuck...

School debt cancelation, FTX scandal and of course buden renews covid emergency powers...

Republicans are pretty fucking pathetic, but I'll never ever vote for a Democrat in my life again, but you gotta hand it to those people, they'll do anything to win, they're absolutely ruthless.

I've always been weary if crypto, I think most of it is bullshit and unsafe.

I also fail to see how useful money that can be easily hacked or traced is... all of that digital shit leaves a trail.

Rather barter and cash handle like the poor scrub that I am.

Anyone else remain skeptical of these crypto scams?

Even mark cuban, progressive darling scammed his own stupid fans lol:

https://techcrunch.com/2022/08/11/mark-cuban-mavericks-face-lawsuit-over-crypto-voyager-ponzi-scheme/

There might be serious consequences for this FTX Democrat foreign meddling scam because rich people bought into it and lost everything lol

All after a midterm election. Wow... nothing will happen, the feds will protect the responsible party. Can't have your 2nd wealthiest backer go to prison...

The government didn't provide benefits to there employees they always give him limited offer that's not fair for a low level grade employees

Crypto should not be regulated

Should remain like the wild wild West

That way the sensible people could always point out whaf happens if there are no regulations

Has he ever looked good? His terms been close to an unmitigated disaster. Almost like he’s doing exactly what he was out there to do.

“Nonetheless, at a time when Gensler is already shrieking for more money and power to address the latest crypto crisis, this would be a good time for skeptics to ask why he failed to stop FTX in the first place—and if anyone else in high places had a role in enabling this debacle.”

Umm…you answered the question in the first half of your sentence, right?

Sigh. Can we just clarify that Crypto is not the problem? If you dont want to think of Crypto as currency thats fine. Think of it like a comic book or other collectible. You buy it have control over it and it goes up and down in value till you sell it.

The problem here is in the Cryptocurrency exchange where people put their crypto in (instead of keeping it themselves) who then lend out that money to their other affiliated companies (short uncomplicated version).

Cryptocurrency by itself removed from the exchanges is totally fine.

CEXes and stablecoins are the places that really need regulation. Instead of wasting time on systems that have been designed specifically to resist corruption, they have been getting in bed with the most corrupt actor in the entire industry.

GIF of SEC having their regular morning meetings (probably).

They have an active application at NYDFS for a trust charter, that'll be dead. Even though they geo blocked NY, I'd imagine their Enforcement division is at least looking at it

From my point of view, the FTX debacle makes crypto and everyone involved in it look bad. Adults shouldn't need the SEC to tell them that speculating in things with no intrinsic value is destined for exactly this outcome.

The SEC is still a thing? Coulda fooled me…

Weird perspective of the article, while the SEC should regulate. It can’t do so rapidly, even now there’s pushback against regulating crypto, rushing judge risks bad regulation. There’s some limit on what the gov can do to stop people from throwing themselves into the new weekly pyramid scheme.