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would require a plea bargain and both the US attorney's office and the defense have been very quiet about any such thing, so we'll not know for years (if ever) if there was one and it was rejected in favor of holmes' taking this weird defense tack, or one wasn't offered because the USA thinks it has a slamdunk case and wouldn't settle for anything less.
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Sep 14, 2021 20:00
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So the head of the SEC testified before Congress today on the topics of cryptocurrencies and stablecoins. The senator from PA, a cryptocurrency fan, offered up the crypto industry's attempt to finesse this: https://twitter.com/jeffjohnroberts/status/1437788617078939651 i anal but I think Toomey here is wrongly implying that all stablecoins are the same, and grossly oversimplifying how we should analyze certain stablecoins under the Howey test, and gliding past all of the other issues that remain even if a given stablecoin isn't a security under the Howey test (is it a derivative that should be regulated by the CFTC? is it functionally a deposit account that should be subject to banking regulations?) Seems like the SEC chair might have similar thoughts: https://twitter.com/jeffjohnroberts/status/1437788990992683019 https://twitter.com/jeffjohnroberts/status/1437800351579652103 https://twitter.com/jeffjohnroberts/status/1437802503031201795 While this is all moving painfully slowly, it is nice to see that the feds are getting skeptical of the Schrodinger's dollars scam that Circle and Tether are running
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Sep 14, 2021 22:42
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https://twitter.com/ncweaver/status/1437884752648806405
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Sep 14, 2021 23:26
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the original tweet is pretty lol https://twitter.com/milner_aviv/status/1437881600889421824 #BELIEVE
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Sep 14, 2021 23:43
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y'know it's great to be able to use technologies i don't have to believe in because they actually serve some purpose that exists outside my head
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Sep 14, 2021 23:45
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'fix' https://www.youtube.com/watch?v=DUgKUspKisY
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Sep 14, 2021 23:57
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Shame Boy posted:the original tweet is pretty lol it's about time someone brought back the dlt, the packaging of which was far less environmentally harmful than bitcoin https://www.youtube.com/watch?v=UTSdUOC8Kac
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Sep 14, 2021 23:59
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they never said what the d stood for...
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Sep 15, 2021 00:02
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Boxturret posted:they never said what the d stood for... double
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Sep 15, 2021 00:14
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decentralized
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Sep 15, 2021 00:16
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it keeps the pump side pump and the dump side dump
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Sep 15, 2021 00:21
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qirex posted:double double what 
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Sep 15, 2021 00:22
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At this point I just want the word salad to end.
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Sep 15, 2021 00:22
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Boxturret posted:double what it was a Double burger with Lettuce and Tomato, hence 'DLT'
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Sep 15, 2021 00:25
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Boxturret posted:they never said what the d stood for... deer
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Sep 15, 2021 00:26
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Don't Lick Thwackers.
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Sep 15, 2021 00:33
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qirex posted:it was a Double burger with Lettuce and Tomato, hence 'DLT' it was a single burger, but this is not hard it's the mcdlt mcd for mcdonlads lt for lettuce tomato it was a regular burger whose entire gimmick was the packaging
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Sep 15, 2021 00:34
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I could have sworn it was a double but I was a plain cheeseburger kid back then so it didn't interest me outside of the outrageous amount of styrofoam funny to think there was a time when tomato on a burger was like "whoa, fancy!"
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Sep 15, 2021 00:36
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its short for master of ceremonies donald lettuce tomato
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Sep 15, 2021 00:42
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SubG posted:its short for master of ceremonies donald lettuce tomato dang they got greenland shark meat in that thing?
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Sep 15, 2021 00:43
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Blotto_Otter posted:So the head of the SEC testified before Congress today on the topics of cryptocurrencies and stablecoins. The senator from PA, a cryptocurrency fan, offered up the crypto industry's attempt to finesse this: Gentler has so much stuff out there re stablecoins it's kinda striking. But my reading is that it depends, at least for him. Most are, but his comments seem to leave some room for some not qualifying. I think the SEC is gonna get pretty aggressive on stablecoins to get it under their purview, personally. Toomey's take is really out of the legal mainstream
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Sep 15, 2021 00:44
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SubG posted:its short for master of ceremonies donald lettuce tomato oh i see that makes sense
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Sep 15, 2021 00:44
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qirex posted:I could have sworn it was a double but I was a plain cheeseburger kid back then so it didn't interest me outside of the outrageous amount of styrofoam I mean, you have to remember that early fast food was all about manufacturing everything ahead of time and pulling it out of a warming tray at the exact instant of sale (for a while burger king's whole brand identity was that you could order your burger the way you wanted it, wow!), so yeah, fresh lettuce and tomato likely wouldn't be a huge value add if you couldn't keep the cold side cold
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Sep 15, 2021 00:50
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the very few times we went to McDonald's as a kid I had to wait forever for my goddamn burger because I hated ketchup and wanted it plain.
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Sep 15, 2021 01:09
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has there been anymore dets and inside details on the investigation into Uniswap/Coinbase? Other than the CEO of the latter's hilarious meltdown
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Sep 15, 2021 04:44
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the head of the SEC said today in congress coinbase is unregistered to sell securities and "dozens" of the tokens it lists "may be securities" so, yeah, id say it isnt going well for them
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Sep 15, 2021 05:13
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between treating crypto as regulated securities and continually hinting at a ban of PFOF I'm honestly impressed with gensler
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Sep 15, 2021 05:31
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i guess rodger "K" ver is still sort of a thing https://twitter.com/rogerkver/status/1384982455409594374 hey remember Bcash? https://twitter.com/rogerkver/status/1385955490337861636 yeah that's a good thing, certainly
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Sep 15, 2021 05:58
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Boxturret posted:i guess rodger "K" ver is still sort of a thing I remember flash crash bcash
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Sep 15, 2021 06:00
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FAUXTON posted:I remember flash crash bcash i remember him freaking out on a video call when someone used an abbreviation he didn't like.
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Sep 15, 2021 07:24
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https://www.youtube.com/watch?v=mB0mG7wMvM8
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Sep 15, 2021 07:46
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Blotto_Otter posted:the bit about this hypothesis that I don't get is: by what mechanism did they get to the point where they supposedly hold billions in chinese junk bonds or commercial paper? did they pay cash to buy the Chinese bonds or CP (in which case... where did Tether get the cash in the first place, and why invest it into junk Chinese debt)? Or, are they buying dodgy CP by paying in USDTs (in which case... what are these Chinese companies that are willing to accept billions in unbacked and unredeemable USDT, and how are they converting it to actual useful cash)? tl;dr * Bitfinex'ed got a tip that it was chinese CP * Tether have specifically denied that they hold CP from exchanges * Tether have refused to deny that they hold the claimed chinese CP * not clear it's Evergrande specifically, but (a) there's a shitload of Evergrande out there (b) even if it isn't, Evergrande is taking the sector down with them Chalks posted:print tether, give it away in "promotions" to get it into circulation because nobody is actually buying it, probably getting cents on the dollar from the shady exchanges that buy it from you Bitfinex'ed has a tip that it's 90c a tether or less these both rely on Bitfinex'ed being a careful guy with a track record of being right about this poo poo, so YMMV, but his track record is good enough that his claims are worth a lot more than nothing
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Sep 15, 2021 09:46
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lol if they're just layering USDT through whoever is selling them Chinese junk bonds for USDT (which is almost certainly used to buy bitcoins)
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Sep 15, 2021 09:58
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I think I'd agree with Matt Levine's view that if tether etc aren't securities then what they're doing is acting as a bank and then whoops that's even more regs like "actually need to have liquid assets and not just pieces of paper with iou 1trillion USD"
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Sep 15, 2021 10:11
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back when tether first said they were using cp, a bunch of finance people were saying "if they're not lying they're like the 7th biggest cp trader, how come nobody in the industry seems to have ever traded with them?" did that get resolved in some way or is it still pretty likely that they don't have cp at all?
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Sep 15, 2021 12:34
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oh they're libertarians, I think we know they have cp 
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Sep 15, 2021 13:18
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Mercury_Storm posted:oh they're libertarians, I think we know they have cp Oh good, I'm not the only one who kept reading it this way.
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Sep 15, 2021 13:29
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Sep 15, 2021 13:32
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Blotto_Otter posted:Schrodinger's dollars 
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Sep 15, 2021 13:57
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gschmidl posted:Oh good, I'm not the only one who kept reading it this way. im still trying to figure out the other way
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Sep 15, 2021 14:34
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