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Source: coindesk.com ·
It is unclear who will helm Bakkt after CEO Kelly Loeffler joins the U.S. Senate on Jan. 1.
Christopher Wheeler - @Stocktrader
7 months ago
RT @WayneVaughan: The CEO of a Bitcoin exchange is now a sitting US Senator. Let that sink in for a moment. https://t.co/9NYmRSQtKX
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Ryan Selkis - @twobitidiot
7 months ago
RT @panicfomo: You know why the US will never ban Bitcoin? By the time they have this desperate idea, the government will be full of Bitcoiners.
We are infiltrating the system. https://t.co/EsmtBjJwvJ
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Leigh Cuen - @La__Cuen
8 months ago
RT @Techmeme: Georgia Gov. Brian Kemp appoints Republican Kelly Loeffler, CEO of Intercontinental Exchange subsidiary Bakkt, to the state's US Senate seat, starting Jan. 2020 (@nikhileshde / CoinDesk)
https://t.co/LAZZnHHe3L
https://t.co/iQFMywacw2
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Dennis Parker⚡️ - @Xentagz
8 months ago
RT @Bitcoin: Wow! @Bakkt CEO Kelly Loeffler was just appointed by GA Gov. @BrianKempGA to the United States Senate. Who would have thought? https://t.co/A4EnNCkvoU
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Pierre Rochard - @pierre_rochard
8 months ago
RT @nikhileshde: As reported, @BrianKempGA has appointed @Bakkt CEO Kelly Loeffler as the new US Senator from Georgia. She'll take office on Jan. 1. Bakkt has yet to comment on who will take on the CEO role: https://t.co/3Lq4KQYrFg
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Hunter Horsley - @HHorsley
8 months ago
RT @WayneVaughan: The CEO of a Bitcoin exchange is now a sitting US Senator. Let that sink in for a moment. https://t.co/9NYmRSQtKX
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Wayne Vaughan - @WayneVaughan
8 months ago
The CEO of a Bitcoin exchange is now a sitting US Senator. Let that sink in for a moment. https://t.co/9NYmRSQtKX
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mjs376
Tin 8 months ago
Just goes to show that money can buy you anything, even a seat in the U.S. Senate.
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parakite
Silver | QC: BTC 218 | XRP critic 8 months ago
She comes from humble origins tho.
She used to be a millionaire.
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mjs376
Tin 8 months ago
What do you mean she used to be a millionaire? She lives in a $10,000,000 mansion in Atlanta. Her husband, Jeffrey Sprecher, is the Chairman of the New York Stock Exchange. Furthermore, I don't see anything in her past that qualifies her to be a U.S. Senator.
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parakite
Silver | QC: BTC 218 | XRP critic 8 months ago
Now she's a billionaire (with her husband).
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Cryptobarim
Silver | QC: CC 299, BTC 43 | NEO 52 | TraderSubs 8 months ago
She used to be a millionaire.(now probably billionaire) What other qualifications does a politician need ?
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Space_Doo_Doo_Pistol
Tin 8 months ago
This isn't likely to be positive news for the community. Same governor stole the election from Stacey Abrams.
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The_Lord_Seth
8 months ago
People like her give a horrible reputation to the crypto community as a whole. This is super unfortunate.
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_o__0_
8 months ago
While Loeffler said she was "pro-Trump," and in favor of his border wall, the Second Amendment and against abortion and socialism, she did not address crypto or bitcoin in her introductory remarks.
Oh, kewwwl.
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bazziinga
Silver | QC: CC 67, BTC 20, ETH 15 | TRX 83 | Trad 8 months ago
She doesn’t have to mention it to support it
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ObiTwoKenobi
8 months ago
Why not? I can see it not having a high ROI (if any), but that's still different from "not good"
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BitBurst
8 months ago
Chico Crypto knows what’s up. I’ve been watching I’m for over a year and he does pretty good research to expose these jokers in disguise. https://youtu.be/uuQC6f6F4Ls
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BroKing
8 months ago
While Loeffler said she was "pro-Trump," and in favor of his border wall, the Second Amendment and against abortion and socialism
ya, fuck this shithead.
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moonpotato123
8 months ago
That’s just what you have to say to get a seat in politics in Georgia.
Also, MAGA.
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krokodilmannchen
"We make our fortunes and call them fate." 8 months ago
Funny how with you Americans everything is (seems to be?) black or white, probably because of your winner-takes-all two-party system. These kinds of comments are mind-boggling to me, just cherry-picking some opinions you disagree with and calling people "shitheads" for it.
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The_Lord_Seth
8 months ago
>Funny how with you Americans everything is (seems to be?) black or white, probably because of your winner-takes-all two-party system. These kinds of comments are mind-boggling to me, just cherry-picking some opinions you disagree with and calling people "shitheads" for it.
This lady literally thinks my chosen profession in life is a Chinese conspiracy. What's truly mind-boggling is why people like you defend these shitheads.
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Stobie
8 months ago
He didn't defend anyone, it was the thought process he commented on. To me from a different country to both of you we think exactly the same as him. Nothing's black and white and it's odd how in general Americans readily jump to an extreme. Everything which divides the populations opinion in half is grey in reality. In other countries there are still maxis but political tribalism is less extreme.
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The_Lord_Seth
8 months ago
>Nothing's black and white and it's odd how in general Americans readily jump to an extreme. Everything which divides the populations opinion in half is grey in reality. In other countries there are still maxis but political tribalism is less extreme.
It is black and white in this case. You shouldn't comment on things you don't have any understanding of. One third of my country has willingly embraced a pathological liar who thinks science is a conspiracy, if you can't understand why most people find that distasteful then I can't help you.
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From2005
7 months ago
One third? A pathological liar? Do you mean Trump? If only white people would vote, every president would be Republican. The whole all scientists say climate change is because of humans, is not true. It's the media that blew up a research and the media worded it differently as well. There's lots of scientists that do not agree.
You're acting like your opinion is a fact, but realize it's an opinion. If you're not open to debate and are stuck in your own bubble, you will only divide more.
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krokodilmannchen
"We make our fortunes and call them fate." 8 months ago
If this is how you interpret my point, then I understand the downvotes. It's not at all what I said.
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The_Lord_Seth
8 months ago
>wat
Assuming you're not trolling, enjoy:
https://www.vox.com/policy-and-politics/2017/6/1/15726472/trump-tweets-global-warming-paris-climate-agreement
The entire republican party thinks this shit.
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From2005
7 months ago
\>vox
You realize 'Vox' is biased and not trustworthy at all? If you read Vox all the time or if you're pro-Vox, it just shows you're getting a lack of opposite news or are not interested in it, because your opinion is already formed.
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rp_Neo2000
7 months ago
>You realize 'Vox' is biased and not trustworthy at all? If you read Vox all the time or if you're pro-Vox, it just shows you're getting a lack of opposite news or are not interested in it, because your opinion is already formed.
Source please, to back up your statements. Because I believe you are thinking of Fox news, not Vox.
https://www.forbes.com/sites/kenrapoza/2011/11/21/fox-news-viewers-uninformed-npr-listeners-not-poll-suggests/#7da0ee7c4fd8
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From2005
7 months ago
Source? Just Google 'Vox biased' and you'll see it's clearly left. And do you really think 'Forbes' is trustworthy? Everyone can post on their website as contributor. The person from your article is a Senior Contributor, well, well done. I don't read nonsense anymore. With the internet everyone can post anything online.
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From2005
7 months ago
You read as much as you can, from all sides, with critical mind and form your own opinion. Not all news is necessarily fake, but many outlets are biased.
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Frater_Petrichor
8 months ago
Okay, so you said at the beginning of your post that things are black and white here? They are. And there are a set of opinions that go together with someone being an odious person across the board, because of how black and white things are here. The chances of her having some redeeming opinions are vanishingly small because of the way political affiliation works in this country.
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Ranguvar
8 months ago
No, their point is that everything is made out to be black or white.
It very much is not. What's odious is this tribalism you're displaying here.
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knight2019
8 months ago
BAKKT turned out to be paper backed scam after all. another tool in addition to CME for price suppression.
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stablecoin
8 months ago
It happens because traders allow it to happen, nobody wants to keep their own keys so custodians can do whatever they want. Banks have power over fiat today because the people give it to them and it looks like they will have the same power over crypto too.
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Dumbhandle
8 months ago
I am hearing this is a scheme to introduce inflation in BTC via rehypothecation. Any learned person care to comment? Does it do this to BTC as well? Chico has a YouTube out there.
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krokodilmannchen
"We make our fortunes and call them fate." 8 months ago
That's technically what can happen with cash-settled futures. /u/knight2019 is wrong though. Thus far, they're only offering bitcoin-backed contracts. iirc they'll start cash-settled ones on Dec 9th.
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ridgerunners
8 months ago
They say they are backed by physical Bitcoin, but is there a mechanism in place to actually take receipt of said bitcoin? If you follow the investigation that Chico Crypto has done on his YouTube channel, it appears as though there is no way to actually withdraw the BTC to a private wallet. The coins simply move to a custodial company warehouse owned by Bakkt itself.
Edit: link https://youtu.be/uuQC6f6F4Ls
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NJD21
8 months ago
>it appears as though there is no way to actually withdraw the BTC to a private wallet.
Than it's a total scam. Paper Bitcoins indeed.
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krokodilmannchen
"We make our fortunes and call them fate." 8 months ago
Well, they say they are backed so that they can get the necessary licenses. I assume they are, but I'm happy to change my opinion if an institutional investor tells me otherwise.
Not being able to withdraw to a third-party wallet is a different issue than the service involving physical Bitcoin. These are two separate discussions.
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ridgerunners
8 months ago
Very good point. If you watch the link I shared, Tyler does touch on the fact that, unlike most of the other regulated exchanges, they have been unwilling to provide the public keys for any of their physical BTC holdings. I admit I have not done any of the research myself, but it seems Tyler has done some very thorough digging into the background of the company and it’s execs. I would love to believe them when they say physically backed. However, it does seem there are some questions they could shed more light on.
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krokodilmannchen
"We make our fortunes and call them fate." 8 months ago
Sure. But I'd be willing to hear from their actual customers. It's not because it's a public blockchain that they are *required* to share public keys with non-customers. I don't get where this is coming from. I don't know the "public" holdings from my bank, for example. As long as their customers, the institutional investors, and the governmental body's know, I'm willing to believe them. Hence why I postpone my judgment until I hear an opinion from the inside.
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tenzor7
8 months ago
Can they do that tho? Offer btc settled futures that you cant actualy recover to your wallet?
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Silver5005
7 months ago
My bad totally misread comment before yours, thought you were saying they're all backed by coin.
I replied to your comment right after waking up, should stop doing that probably.
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