The Financial Times is as ludicrous as usual. They are befuddled as to
"Why would a young billionaire, running the world’s most successful start-up, risk illicitly borrowing billions to fund risky crypto trades?"
Really? This type of analysis, like Michael Lewis' analysis, passes for intelligent discussion.
SBF was a drug-addled screwball, serial liar and thief. He was convicted of doing what drug-addled screwballs, liars and thieves do. The FT just can't fathom that someone with his pedigree, similar to their writers, is a scumbag.
I Read a story on Breitbart about a young man that was defrauded of a small amount of cryptocurrency and then turned around and spent years defrauding people of crypto on the dark web to the tune of billions of dollars. But he made some kind of mistake and exposed himself by converting some thing like $900 of crypto into a dollars account. They were able to track him down through this one transaction. Anyone that thinks crypto is some kind of way to hide your wealth from the government is a fool. With AI investigation tools, it may even make it easier to find you.
The freakish US Rep. from DuPage County, Sean Casten, is on some crypto-regulation committee in the House. SBF's brother Gabriel Bankman-Fried was on Casten's staff.
-->"We need crypto to follow some standard operating procedures when it comes to clearing, margin, and settlement."
Are the proposed ETFs accomplishing this? Or how are they facing up to this question?
Of course, once the C, M, and S procedures are established, doesn't that take the (speculative) wind out of the game? Legitimated, like another traded commodity, the demand or use by money-laundering, tax-avoidance, and crooks and scam artists goes away. Which is a good thing.
We have been ensconed in culture that believes that all is well with big brother looking out for everyone. Because of this we disengage with many things we should not. The process of ripping power and focus from the states as it relates to the individual was started under FDR and is not complete. Politics, but more importantly over-all involvement in your local community was once much stronger and we often policed ourselves. Now we just defer to big brother and big brother has not wasted this 90 year opportunity to take the focus off of your neighbors, your town, your county your state and commanding the gaze of most American's now. So much of what the government now does was done on a very localized level with people who are invested in eachother. Now, that is gone so fraud, authoritarian set of unconstitutional agencies now tell us what sort of toothpaste we can have access to. They are "looking out for us".
The Financial Times is as ludicrous as usual. They are befuddled as to
"Why would a young billionaire, running the world’s most successful start-up, risk illicitly borrowing billions to fund risky crypto trades?"
Really? This type of analysis, like Michael Lewis' analysis, passes for intelligent discussion.
SBF was a drug-addled screwball, serial liar and thief. He was convicted of doing what drug-addled screwballs, liars and thieves do. The FT just can't fathom that someone with his pedigree, similar to their writers, is a scumbag.
https://www.ft.com/content/c38d2f8a-5707-41ae-815e-7a9e79d9027d
Crypto is the last haven for money laundering and acts as a bank
No regulation would solve this problem
Only shutting it down would do it
Take that to the bank
I Read a story on Breitbart about a young man that was defrauded of a small amount of cryptocurrency and then turned around and spent years defrauding people of crypto on the dark web to the tune of billions of dollars. But he made some kind of mistake and exposed himself by converting some thing like $900 of crypto into a dollars account. They were able to track him down through this one transaction. Anyone that thinks crypto is some kind of way to hide your wealth from the government is a fool. With AI investigation tools, it may even make it easier to find you.
The freakish US Rep. from DuPage County, Sean Casten, is on some crypto-regulation committee in the House. SBF's brother Gabriel Bankman-Fried was on Casten's staff.
-->"We need crypto to follow some standard operating procedures when it comes to clearing, margin, and settlement."
Are the proposed ETFs accomplishing this? Or how are they facing up to this question?
Of course, once the C, M, and S procedures are established, doesn't that take the (speculative) wind out of the game? Legitimated, like another traded commodity, the demand or use by money-laundering, tax-avoidance, and crooks and scam artists goes away. Which is a good thing.
We have been ensconed in culture that believes that all is well with big brother looking out for everyone. Because of this we disengage with many things we should not. The process of ripping power and focus from the states as it relates to the individual was started under FDR and is not complete. Politics, but more importantly over-all involvement in your local community was once much stronger and we often policed ourselves. Now we just defer to big brother and big brother has not wasted this 90 year opportunity to take the focus off of your neighbors, your town, your county your state and commanding the gaze of most American's now. So much of what the government now does was done on a very localized level with people who are invested in eachother. Now, that is gone so fraud, authoritarian set of unconstitutional agencies now tell us what sort of toothpaste we can have access to. They are "looking out for us".