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ultrafilter posted:Last August the SEC was saying that it needed congressional approval to regulate crypto. My impression is that they've wanted to act in that space for a long time but some of the rules were outdated and holding them back. Excerpt from the article: CNBC posted:“Certain rules related to crypto assets are well settled. The test to determine whether a crypto asset is a security is clear,” he said. “There are some gaps in this space, though: We need additional congressional authorities to prevent transactions, products and platforms from falling between regulatory cracks. We also need more resources to protect investors in this growing and volatile sector.” So if the head of the SEC is publicly claiming that most crypto bullshit already falls under his jurisdiction, why aren't we seeing much action from the SEC a year and a half into his tenure? Shame Boy posted:[he] took a long hard look at it, saw it was incredibly stupid and horrible but had a bunch of Real Actual Rich People Money in it now, and went "hooo boy... uh..." and chucked it over the fence to congress so they didn't have to deal with it
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May 19, 2022 20:41
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bort posted:People called Romanes they go the house?  
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May 19, 2022 21:04
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divabot posted:they reinvented the Pirate Pass Through okay, so i wasn't misremembering that, pirateat40 lost all his investment funds on a more traditional ponzi, right?
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May 19, 2022 23:28
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kliras posted:the sec is going through some stuff rn tbf like their argument is that in the past common law courts have decided fraud cases so the sec can't take any actions involving fraud because that's a violation of the 7a rights of anyone sanctioned. like they do the typical looney toon reactionary court thing (like alito in the roe thing) that no, no this doesn't affect anything else, but the legal theory it presents basically rules virtually all government actions unconstitutional if they don't get 12 guys on a article 3 jury to agree to it beforehand
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May 19, 2022 23:44
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Blotto_Otter posted:So if the head of the SEC is publicly claiming that most crypto bullshit already falls under his jurisdiction, why aren't we seeing much action from the SEC a year and a half into his tenure? The nominally Democratic mayor of NYC is shilling cryptocurrency bullshit on a daily basis, and by all accounts has a great and friendly relationship with Biden. Plus there's Superbowl levels of money invested in this scam now. California VC tech money. Important donors money.
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May 19, 2022 23:53
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SubG posted:the jarkesy decision is a wild ride even for something from the 5th circuit yeah that was my takeaway too. i think my reply in the other thread was just "what" because, well, like you pointed out, they basically invalidate any function of modern government. of course, that's the goal, but it's still insane
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May 20, 2022 00:06
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mrmcd posted:The nominally Democratic mayor of NYC is shilling cryptocurrency bullshit on a daily basis, and by all accounts has a great and friendly relationship with Biden. Plus there's Superbowl levels of money invested in this scam now. California VC tech money. Important donors money. partyman cryptomayor is horrible.
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May 20, 2022 00:07
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SubG posted:the jarkesy decision is a wild ride even for something from the 5th circuit the conservative legal movement would be fine with overturning chevron and returning to the lochner era but the smart ones would like to do it gradually these are not the smart ones
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May 20, 2022 00:07
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haveblue posted:the conservative legal movement would be fine with overturning chevron and returning to the lochner era but the smart ones would like to do it gradually In law school I liked to troll pro lochner fed soc types with "at least under Lochner right to work laws would be unconstitutional violations of unions and corporations freedom to contract"
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May 20, 2022 00:09
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dismantling the administrative state is a conservative wetdream because you can't have things like "regulations" and "rules" if everything has to be an act of loving congress.
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May 20, 2022 00:10
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loving Congress? I think Barney Frank was responsible for that
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May 20, 2022 00:31
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kw0134 posted:dismantling the administrative state is a conservative wetdream because you can't have things like "regulations" and "rules" if everything has to be an act of loving congress. act of congress? i think you'll find the original text of the constitution quite clearly limits their statutory authority 
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May 20, 2022 00:32
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how does it limit it? well, look, it just does, okay? i have a time machine and have spoken to the writers themselves. i am sure this is what they meant, which is all that matters. also, god said so.
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May 20, 2022 00:33
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The reverence given to the US constitution as drafted by stinky white guys with slaves and bad teeth 200+ years ago is about the only thing stupider than an immutable blockchain.
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May 20, 2022 01:00
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Shumagorath posted:The reverence given to the US constitution as drafted by stinky white guys with slaves and bad teeth 200+ years ago is about the only thing stupider than an immutable blockchain.
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May 20, 2022 01:02
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Shumagorath posted:The reverence given to the US constitution as drafted by stinky white guys with slaves and bad teeth 200+ years ago is about the only thing stupider than an immutable blockchain. fun fact: because of this reverence slavery is in fact not outlawed in many states if you happen to be incarcerated
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May 20, 2022 01:07
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Beeftweeter posted:fun fact: because of this reverence slavery is in fact not outlawed in many states if you happen to be incarcerated
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May 20, 2022 01:09
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Shumagorath posted:before i decide if this is good or bad, which state is Ross in denial
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May 20, 2022 01:20
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May 20, 2022 03:04
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https://www.youtube.com/watch?v=8mGBaXPlri8&t=20s all my apes are dead all my apes are dead running in the red running in the red apes are not enough i need cryptopunks
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May 20, 2022 03:54
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Beeftweeter posted:act of congress? i think you'll find the original text of the constitution quite clearly limits their statutory authority I saw the words "Congress shall make no law" and stopped reading, now I'm a sovereign citizen
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May 20, 2022 14:52
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https://twitter.com/EoinHiggins_/status/1527625500620902401
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May 20, 2022 14:55
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"humans horrified" I'd be laughing my rear end off and cheering them on
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May 20, 2022 14:57
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https://twitter.com/bartsimsonreal/status/1527342286992211971
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May 20, 2022 14:58
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pseudorandom. it's not even the real uncut primo poo poo, it's off-brand knockoff discount bargain bin random numbers
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May 20, 2022 15:10
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Just-In-Timeberlake posted:"humans horrified" I got trolled by a lion at the DC zoo once I was walking near the big cat area when I heard a weird sound. the lion was standing up on a hill and roaring. everyone nearby was drawn over to see if it was going to do anything cool the lion stops roaring, looks around at the huge expectant crowd gathered around it, sits down, and starts licking his nuts
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May 20, 2022 15:16
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Truly a king
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May 20, 2022 15:43
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Just-In-Timeberlake posted:"humans horrified" lol, the sapients at the bronx zoo are little bastards anyway. i posted some pics i took in the YCIAPOS thread in between them throwing rocks and probably actual poo poo at the glass i'd be pretty pissed if i were gawked at in a zoo, too, tbf
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May 20, 2022 15:55
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pretty sure i saw the baboons in that zoo giving fellatio, how is this news
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May 20, 2022 18:33
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digital monkeys? humbug. a pox on them, i say, a pox on the digital monkeys
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May 20, 2022 18:47
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speaking of animals, it looks like bitcoin is having a cow today
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May 20, 2022 19:09
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https://www.bloomberg.com/news/features/2022-05-19/crypto-platform-hack-rocks-blockchain-community posted:On Oct. 14, in a house near Leeds, England, Laurence Day was sitting down to a dinner of fish and chips on his couch when his phone buzzed. The text was from a colleague who worked with him on Indexed Finance, a cryptocurrency platform that creates tokens representing baskets of other tokens -- like an index fund, but on the blockchain. The colleague had sent over a screenshot showing a recent trade, followed by a question mark. "If you didn't know what you were looking at, you might say, 'Nice-looking trade,'" Day says. But he knew enough to be alarmed: A user had bought up certain tokens at drastically deflated values, which shouldn't have been possible. Something was very wrong. Day jumped up, spilling his food on the floor, and ran into his bedroom to call Dillon Kellar, a co-founder of Indexed. Kellar was sitting in his mom's living room six time zones away near Austin, disassembling a DVD player so he could salvage one of its lasers. He picked up the phone to hear a breathless Day explaining that the platform had been attacked. "All I said was, 'What?'" Kellar recalls. what's the deal with these bit people and salvaging old electronics
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May 20, 2022 22:56
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Bluecobra posted:what's the deal with these bit people and salvaging old electronics eh, that is still the most healthy activity described in that snippet
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May 20, 2022 23:03
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"On Oct. 14, in a house near Leeds, England, Laurence Day was sitting down to a dinner of fish and chips on his couch when his phone buzzed." what a depressing sentence. this is like the opposite of "cellar door"
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May 20, 2022 23:58
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quote:Some called out his use of racist language and tropes: The Ethereum address Medjedovic used for the attack included the number “1488”—shorthand for a neo-Nazi slogan—and he’d written the N-word into the code itself, 16 times. A Twitter user called him the “Dylan [sic] Roof of Balancer Pools,” a reference to the mass shooter who killed nine Black people at a church in Charleston, S.C., in 2015. Medjedovic liked the tweet. why can't any of the smart contract hackers be cool dudes I can look up to they all have to be brainwormed 4channers
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May 21, 2022 00:39
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https://twitter.com/dancow/status/1527779601652539393 I will admit I misread "serum"
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May 21, 2022 01:39
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for sale: bored ape, never slurped
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May 21, 2022 01:43
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Pigbuster posted:https://twitter.com/dancow/status/1527779601652539393 Multiple mutant serums per ape
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May 21, 2022 02:20
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qirex posted:for sale: bored ape, never slurped
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May 21, 2022 02:24
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A lot of us just don’t get it.
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May 21, 2022 02:39
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