TruthArchive.ai - Tweets Saved By @Leerzeit

Leerzeit
Posted - July 14, 2024 at 6:04 PM
Saved - July 14, 2024 at 6:21 PM

@Leerzeit - Mr. Huber🔥🦅🔥

I know you think @JoelKatz is a scammer. But you still can learn something from him! https://t.co/8s4HCUyK1w

Video Transcript AI Summary
I'll explain the difference between payment and settlement. Payment is when you use your Visa card at a restaurant, but settlement is when the money actually moves between accounts. Traditional systems like Swift separate payment and settlement due to historical reasons. These systems are outdated, dating back to the 1970s, and are in need of modernization. Even if blockchain and cryptocurrencies fail, the payment industry will still evolve.
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Speaker 0: How many of you know the difference between payment and settlement? Not too many? So oh, a couple. Alright. So let me just just give you just a high level on this. I go to a restaurant and I pay with my Visa card, and they let me go and they don't call the police saying that I left without paying for my food. That's a payment. But I still have to pay my credit card bill and somebody still has to wire money to the restaurant, right, or ACH or whatever payments they use. It has that payment has not been settled. Traditionally, payment and settlement have been completely bifurcated into completely separate systems. Swift is a payment system that doesn't do anything with settlement. And the problem with that is it makes it hard to do a good payment because, like, you don't know if the you don't you can't check the validity of the recipient. You don't know necessarily what the fees are gonna be, what the exchange rate's gonna be when the payment settles. So we built a system that and the only reason they've been separated in institutional payments is historic. These systems date back from the old days when people had giant wheels of magnetic tape, and the tape was, like, on the bank's transaction computer during the day, and someone would physically carry it over to the settlement computer that talked to the other banks at night. And There was no way to settle during the day because the tape had to be on the computer that was handling the bank's transactions. It had to go to the settlement computer when it was done. I'm not joking. I'm serious. If you if you you look at your glitzy, like, front end application for your bank and it's all really cool and you can access it on your phone and it's all really, you know, it's it's 21st century, but you scratch just a couple of layers below the surface, and it's like you took a time machine. If you're lucky, you're in the mid 7 mid to late seventies. Like, that's when these systems that plumb the movement of money were built, and they are breaking down. Make make no even if blockchain completely fails, even if all cryptocurrencies are a bust, the payment world is going to change because it's just it's it's

@BradPunkhouse - Kaj

@Leerzeit why are all payments permissionless?

Leerzeit
Posted - January 17, 2024 at 8:43 PM
Saved - January 17, 2024 at 11:56 PM

@Leerzeit - Mr. Huber🔥🦅🔥

Sullivan & Cromwell https://t.co/bE0QT6nX0c

Video Transcript AI Summary
The speaker recalls a conversation where a general informed him that the decision to go to war with Iraq had been made without any evidence connecting Saddam to Al Qaeda. The general mentioned that the military's only solution to dealing with terrorists was to take down governments. Later, the speaker learned about a memo outlining plans to attack seven countries in five years, starting with Iraq. The video then mentions military operations in Syria, Lebanon, Libya, Somalia, and Sudan. It concludes by mentioning the investigation into the misuse of intelligence information and the speaker's belief that evidence points to wrongdoing.
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Speaker 0: Do you see, a replay of what happened in the lead up to the war with Iraq? The allegations of the weapons of mass destruction, the media leaping on to the bandwagon. Speaker 1: About 10 days after 9:11, I went through the Pentagon and I saw secretary Rumsfeld and and deputy secretary Wolfowitz. I went downstairs just the Say hello to some of the people on the joint staff who used used to work for me. And one of the generals called me and he said, sir, you gotta come in you gotta come in and talk to me a second. I said, well, you're too busy. He said, no, no. The He says, you we've made the decision we're going to war with Iraq. This was on or about the 20th September. I said, we're going to war with Iraq. Why? He said, I don't know. He said, I guess they don't know what else to do. So, I said well did they find some information collect connecting Saddam to Al Qaeda? He said No. No. He says there's nothing new that way. They just made the decision to go to war with Iraq. He said, I guess it's like we don't know what to do about terrorists, but We got a good military and we can take down governments. And, he said, I guess if the only tool you have is a hammer, every problem has to look like a nail. So I came back to see him a few weeks later. And by that time, we were bombing in Afghanistan. I said, are we still going to war with Iraq? And he said, oh, it's worse than that. The He said he reached over on his desk. He picked up a piece of paper. He said, I just he said, I just got this down from upstairs, meaning the secretary of defense's office today. And he said, this? This is a memo that describes how we're gonna take out 7 countries in 5 years, starting with Iraq and then Syria, Lebanon, Libya, Somalia, the Sudan and finishing off Iran. This is a memo that describes how we're gonna take out 7 countries in 5 years, starting with Iraq. Speaker 2: My fellow citizens, At this hour, American and coalition forces are in the early stages of military operations to disarm Iraq, to free its people, the And to defend the world from Speaker 1: grave danger. And then Speaker 3: Syria We had a chance to talk about, a a wide range of international issues, including the situation in Syria. Speaker 1: And Speaker 3: I have to say that all of us who've been seeing the terrible pictures coming out of Syria And Holmes recently, recognized it is absolutely imperative for the international community to rally and send a clear message the to president Assad that it is time for a transition, it is time for, that regime to move on, and it is try time to stop, the killing of Syrian citizens by their own government. Speaker 4: Lebanon They both had different reasons, the State Department and the White Wanting Israel to do it, encouraging them to do it, supporting them. Our air force worked very closely with the Israeli air force for months before this, not necessarily With a deadline, knowing when it would happen, it was always going to be whenever there was an incident, they would take advantage of an incident of they would the word I used was fortunate timing When Hezbollah grabbed some of the, Israeli soldiers in early July, that was then a pretext. I think that's the only word for a major offensive that had been in the works a a long time? Libya Speaker 3: Today, we can definitively say that the Gaddafi regime has come to an end. The last major regime strongholds have fallen. The new government is consolidating the control over the country, and one of the world's longest serving dictators is no more. Somalia. Speaker 5: Well, violence isn't only on the rise in Afghanistan. In fact, it looks like America's shadow wars have now increased Taiwan strikes have long been reported in Pakistan and Yemen, but now there's news that a week ago, a US drone aircraft fired on 2 leaders the The Somalia Organization Al Shabaab. Speaker 1: Sudan. Speaker 6: President Obama is sending 100 combat equipped troops to Central Africa to advise local forces on getting rid of one of the continent's most vicious operatives, Joseph Kony, the The head of the Lord's Resistance Army, a group responsible for atrocities across the region. It's the first open deployment of US the Ground combat power to Africa since the Black Hawk Down incident in Somalia in 19 nineties that killed 18 troops. US troops may wind up now in Uganda, South Sudan, the Central African Republic, and the Democratic Republic of the Congo. It's part of a growing military effort to engage in Africa. Speaker 1: Finishing off Iran. I said, is it classified? He said, yes, sir. I said I said, well, don't show it to me. And I saw him a year or so ago and I said, you remember that? He said, the Sorry. I didn't show you that memo. I didn't show it to you. Speaker 0: I'm sorry. What did you say his name was? Speaker 1: I'm not gonna give you his name. Speaker 0: So go through the countries again? Speaker 1: Well, starting with Iraq, then Syria and Lebanon, then Libya, then Somalia and Sudan, and then back Iran. We've never finished the investigation of 911 and whether the administration actually Misuse the intelligence information it has? The evidence seems pretty clear to me. I've seen that for a long time.
Leerzeit
Posted - December 27, 2023 at 2:20 PM
Saved - December 27, 2023 at 7:00 PM
reSee.it AI Summary
In 2017, ConsenSys developed Ethereum-based solutions for tracking vaccinations and identity services. Banks were expected to manage these new business areas.

@Leerzeit - Mr. Huber🔥🦅🔥

ConsenSys was already working on Ethereum-based solutions for tracking vaccinations in 2017. These and other identity services were to be managed by banks as new business areas.

Video Transcript AI Summary
The speaker discusses the need to create records for displaced people, such as refugees, to help them interact with the world economy and move between places while keeping important information secure. They mention the importance of medical records and vaccination history, particularly for travel purposes. The speaker also mentions the use of blockchain technology to link physical documents to a controlled record-keeping system, ensuring tamper-proof authenticity. They highlight the significance of provenance and counterfeiting prevention in this context.
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Speaker 0: But one of the things we want to do is solve the fact that, you know, people who get displaced who are refugees. Right? They often don't have any way of putting where they are. So the idea of being able to get oh, sorry. Did I see your thunder passing? No. No. Go ahead. Please. No. No. No. No. No. Please. I just wanna make an announcement. Okay. Some, old music that we got there. And so one of the things we're looking at is how do people keep records, like, you know, Medical records, like, you know, what's their medical history, vaccination records, things like that. Things that actually can be quite important. Right? You wanna go to the EU, you can have any vaccines. That's potentially a problem. So, you know, they're trying to create records for people not only to unlock them in terms of their ability to interact with the world economy, which is obviously, I think, really important. But to allow them to kind of move from place to place and actually keep important information about them in a secure way and a trusted way that yeah. Okay. This is in fact, you're living. He's fully vaccinated and, you know, he's allowed to, you know, come to Microsoft or whatever. I guess, Mark. And he has a book. Yes. We microchipped him. Joe's on the blockchain. But, with with supply chain, you know, we're be wise adviser The, IoT, I think it's called the blockchain IoT consortium. You know, our interest is that we by law, because we're a custodian bank, we have to Carry physical documents, right, physical copies of things. So the idea of being able to cryptographically, link an analog object to a a Distributed ledger or some sort of controlled record keeping, in a way that, you know, is tampered. And so, right, if you rip the seal off, it will break it and know that This is no this is not actually the document I thought it was. Right? These are not the documents you're looking for. Right. That's very important for us. But one of the things that that that particular consortium looks is also, provenance and and counterfeiting, which obviously, you know

@Leerzeit - Mr. Huber🔥🦅🔥

Discovered a new video from back in the days....

@Leerzeit - Mr. Huber🔥🦅🔥

Source: https://www.youtube.com/watch?app=desktop&v=hDBTjstnV6c

Video Not Available youtube.com
Leerzeit
Posted - December 27, 2023 at 12:15 AM
Saved - December 27, 2023 at 1:41 AM
reSee.it AI Summary
Joseph Lubin is accused of being a fraudulent individual by the author. They claim that only other fraudsters deny his fraudulent activities. The author also mentions that even those associated with Ethereum refer to Lubin as "Dr. Jekyll and Mr. Hyde."

@Leerzeit - Mr. Huber🔥🦅🔥

Joseph Lubin is the kind of criminal fraudster who would call for fraud on videos and everyone knowing he is a fraudster , the only people pretending he is not a fraudster are fraudsters who want to profit from his fraud themselves. Even the Ethereum crooks themselves call Lubin Dr. Jekill and Mr. hide!

Video Transcript AI Summary
Gavin Wood and Joe Lubin are two polarizing figures in the crypto world. While some people love them, others despise them. However, the key difference lies in how everyone perceives Gavin's personality, whereas opinions on Joe vary greatly. Those who have had negative encounters with Joe describe him as having a dual nature, akin to Dr. Jekyll and Mr. Hyde. They believe that Joe treats interactions as popularity contests. The information about their differing personalities and experiences is based on my understanding.
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Speaker 0: So Gavin Wood and Joe Lubin are 2 people that don't like each other in crypto. And what's fascinating is that they're both similar in the sense that people either love them or hate them. However, there is one way in which they're different, which is that everybody agrees on Gavin's personality. And just some people don't like it and some people do. And when it comes to Joe, people, I think, either have a good experience with him or they have a really, really, really bad experience with him. So, it's more like Doctor. Jekyll and Mr. Hyde. And the people that, you know, kind of get on his bad side as far as I can tell. They say, oh, well, it's because with Joe it's like a popularity contest and they say that, you know, they used to be on a good

@Leerzeit - Mr. Huber🔥🦅🔥

History will show that @ethereumJoseph , Co Founder of @ethereum and CEO of @ConsenSys is the bigger and more corrupt criminal than Bernard L. Madoff ever was. 💯 https://t.co/nus9QoLUeT

Video Transcript AI Summary
A mother admires a man but notices that he never makes eye contact. She wonders if he might be a demon or devil.
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Speaker 0: A mother in her fashion said, oh, what a wonderful man. But then she said, there's just one thing about it, though. He never looks you in the eye. Said, my mother got it before anybody. She just didn't put it yet is this god was a demon, a devil?
Leerzeit
Posted - December 24, 2023 at 6:44 AM
Saved - December 24, 2023 at 9:48 AM

@Leerzeit - Mr. Huber🔥🦅🔥

Btw this is the guy who got your xrp trading data and identity because he lost $200 dollars buying Xrp for 3 dollars and selling it a week later, because he expected @bgarlinghouse to increase its value in the long term. https://t.co/lGSuNEczwY

@Leerzeit - Mr. Huber🔥🦅🔥

Holy shit! I read that wrong! The Ethereum Maxi Lawyer want's the identities, names, adresses and trading data of all XRP holders worldwide! 🤯 Meanwhile Joseph Lubin called to disguise all major investors in Ethereum so nobody is scared with the blessing of the SEC. https://t.co/PWl88bR8Pv

Leerzeit
Posted - December 9, 2023 at 2:51 PM
Saved - December 9, 2023 at 2:56 PM
reSee.it AI Summary
Binance US shared customer data with an Ethereum plaintiff lawyer in the Zakinov Case. Concerns arise over the exchange's ability to disclose private information to a third party based on claims regarding XRP's security status. @attorneyjeremy1 @JohnEDeaton1 @StevenNerayoff

@Leerzeit - Mr. Huber🔥🦅🔥

Isn't that absolutely crazy? Binance US gave out all the email and postal addresses of customers who bought XRP to the Ethereum maxi plaintiff lawyer in the Zakinov Case! How is that possible? Can an exchange give my private data to a random private person just because his mandate claims that my XRP is a security? @attorneyjeremy1 @JohnEDeaton1 @StevenNerayoff

@Leerzeit - Mr. Huber🔥🦅🔥

They are getting desperate. Ripple filed the following exhibit in the Zakinov lawsuit the day before yesterday. Which shows several advertising and social media campaigns urging XRP buyers to support the lawsuit. https://t.co/MdFoZouHd0

Leerzeit
Posted - December 8, 2023 at 12:34 PM
Saved - December 8, 2023 at 12:38 PM

@Leerzeit - Mr. Huber🔥🦅🔥

Sullivan&Cromwell and JPMorgan were also behind the corruption of within the Panama Canal project, where a major stake of retail investors money not went into building the canal but into bribes. https://t.co/qgzeQU9NCY

Video Transcript AI Summary
The Panama Canal project was marred by financial and political corruption, leading to a government shutdown and the fall of France's government. Many politicians and financial leaders were found guilty of corruption, while others fled to Britain. Ferdinand de Lesseps, the engineer behind the project, was also found guilty but was pardoned due to amnesty. The project ultimately failed, and the US government took over and completed the canal in 1903. It remained under US control until 1999 when it was transferred to the Panama government. Despite the initial setbacks, the Panama Canal has become a valuable asset, with passage for large freight ships costing up to $800,000.
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Speaker 0: Canal. The rest of the money was taken by the financial leaders of the project and went to bribes of large publication houses, to officials and politicians who covered up the project's lack of movement, to bankers, and more. The financial and political scandal was enormous. It led to a political crisis and the fall of France's government. 510 politicians were found guilty of corruption and the government shutdown. Clemenceau's political career turned out to be hopelessly wasted. The fate of the swindlers vary. Some were sent to prison. Others like hers fled to a welcoming Britain. The buzz lasted for several years. The tribunal found financial swindlers as well as Ferdinand Lisipes, his son Charles, and even the engineer Eiffel guilty. He did mislead people. However, he didn't spend any time in prison. Amnesty prevailed and the national hero Eiffel was pardoned and punishing Ferdinand de Lesseps turned out to be absolutely impossible. He became senile. The famous old man was released. All of the investors, most of which were just normal citizens, were unlucky for investing their savings in the failed project. Now the Panama Canal was finished by the US government that learned from all its predecessors' mistakes. Additionally, in 1903, it helped develop the new Panama government. The Panama Canal was controlled by the US until 1999 when it was transferred to the Panama government. It's not a bad outcome for the once poor Banana Republic, considering that the cost of 1 passage for a large freight ship today costs up to $800,000.
Leerzeit
Posted - December 1, 2023 at 11:37 PM
Saved - December 1, 2023 at 11:42 PM

@Leerzeit - Mr. Huber🔥🦅🔥

Poor Charles! As if it wasn't enough what he's already had to go through, there's so much more to come! https://t.co/mjM0plQcsG

Leerzeit
Posted - December 1, 2023 at 2:13 PM
Saved - December 1, 2023 at 11:36 PM
reSee.it AI Summary
Joseph Lubin, co-founder of Civil, allegedly engaged in fraudulent activities related to Civil and other tokens. He reportedly concealed his own holdings to avoid suspicion. Interestingly, there are censored entries before and after Lubin's meetings with the SEC. This raises questions about the SEC's assistance to a prominent crypto criminal. Furthermore, the people behind Civil initially claimed a direct line to the SEC but later denied any personal contact, despite the SEC dedicating three meetings to Lubin's ICO.

@Leerzeit - Mr. Huber🔥🦅🔥

Take a look at how many meetings Hinman had regarding Civil. One of Joseph Lubin's many frauds (also as the same entry says "and other tokens"). Lubin also disguised his own holdings in Civil so that nobody would be afraid. Coincidentally, there are always censored entries before and after these sessions for Lubin. Look how the SEC went out of its way to help one of the biggest criminals in crypto. @bgarlinghouse

@Leerzeit - Mr. Huber🔥🦅🔥

Hey @Marc_Fagel Any non-conspiratorial explanation how the people behind Civil frist claim they have a direct line to the SEC and then that they never had any personal contact with the SEC, but the SEC spend three entire meetings on Lubins ICO? https://t.co/of8fNOzcdY

Leerzeit
Posted - December 1, 2023 at 5:46 PM
Saved - December 1, 2023 at 9:57 PM
reSee.it AI Summary
What made @ethereumJoseph so intriguing to @billhinmanDC of the SEC? Despite warnings, Hinman couldn't resist meetings with Lubin, even giving a speech that favored Lubin's interests over the US crypto industry. What were the financial conflicts involved?

@Leerzeit - Mr. Huber🔥🦅🔥

Everyone in the crypto industry should be wondering what @ethereumJoseph did that the Director of Corporate Finance of the US Securities and Exchange Commission @billhinmanDC just couldn't get enough of the meetings with him that he "greatly enjoyed" and got him to give a speech on Lubin's own benefit and the detriment and to the detriment of the entire US crypto industry? And all this despite being warned by the Ethics Counsel to no longer pursue his criminal financial conflicts?

Leerzeit
Posted - November 30, 2023 at 1:21 PM
Saved - November 30, 2023 at 2:03 PM
reSee.it AI Summary
Joseph Lubin's alleged bribery of the SEC for a free pass on his actions has been a topic of debate. However, no evidence has been provided to support this claim. The free pass and the case against Ripple are unrelated events. While some argue for regulatory favoritism through monetary persuasion, demanding proof of corruption seems excessive. Let's leave this matter to those directly involved.

@Leerzeit - Mr. Huber🔥🦅🔥

No, you just close your eyes, because you say yourself that Joseph Lubin probably convinced the @SECGov with money for his free pass. It was an attempt to create a monopoly. https://t.co/2UMtH5yppB

Video Transcript AI Summary
The documents reveal that senior SEC officials disagreed on the law and advised Bill Hinman that he would further confuse the public regarding crypto regulations. It is possible that Hinman intentionally disregarded the law and attempted to establish new laws, a power reserved for Congress. Additionally, Hinman received significant payments from his law firm, which had a vested interest in his speech. This issue goes beyond specific tokens or blockchains; it exposes the SEC's aggressive enforcement actions against crypto players while pretending to be open and encouraging registration, all while providing misleading guidance. Ripple had actively engaged with the SEC for years.
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Speaker 0: At best, these documents show that senior officials at the SEC couldn't agree on the law and told Bill Hinman directly he would confuse the public even more about the rules for crypto. At worst, they show that Hinman deliberately ignored the law, And he tried to create new laws, something only Congress can do. And while he was a public servant, Hinman received 1,000,000 of dollars of payments from his law firm, which was part of an alliance with others that had a vested interest in this speech. This speech isn't about any 1 token or any 1 blockchain. This is about showing the extent to which the SEC has relentlessly pursued enforcement actions against crypto players while professing fake open arms and calls to come in and register, all the while lying about their so called guidance. As some of you may know, Ripple spent years proactively engaging with the
Video Transcript AI Summary
In June 2018, the then SCC Director of Corporation Finance, William Hinman, gave a speech declaring that a token is not a security when it becomes sufficiently decentralized. However, internal emails and documents reveal that senior SEC officials warned Hinman that his speech was not in line with the law and would cause more confusion in the markets. Despite these warnings, Hinman ignored them and included factors beyond those identified by the Supreme Court in the Howey case. The SEC's own general counsel also disagreed with Hinman's beliefs. Despite knowing that the speech didn't follow the law and would create confusion, the SEC still promoted it. The reasons behind this and the SEC's policy of regulation by enforcement remain unclear.
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Speaker 0: On June 14, 2018, then SCC Director of Corporation Finance William Hinman gave a high profile speech, where he declared that a token is not a security when it becomes, quote, sufficiently decentralized. But internal emails and documents show that senior SEC officials repeatedly warned Hinman that his speech wasn't true to the law and would greatly confuse the markets even more than they already were. Now after more than 2 years and 7 court orders, we can finally share some of what we found in the Hinman speech documents. The SEC head of trading and markets warned Hinman that he was making up factors that, quote, go beyond the typical Howey analysis, as in not in the law, and that the speech could lead to not just confusion, but greater confusion on what is a security. Hinman ignored him. Speaker 1: If the network on which the token or coin is to function is sufficiently decentralized and the purchasers no longer have a Reasonable expectation that a person or a group is gonna carry out essential managerial or entrepreneurial efforts, those assets might not represent an investment contract. Speaker 0: The same official told Hinman he should tie his speech, quote, more closely and explicitly to the Howey analysis. Hinman not only ignored him, but deliberately created factors beyond those identified by the Supreme Court in the Howey case. Speaker 1: I wanted to just note a few things. This list is not meant to be exhaustive, but these are things that we look at. Speaker 0: The SEC's own general counsel to warn specifically that it's legally irrelevant if someone retains a stake in a token and is motivated to take action to increase its value and that Hinman should delete it from the speech. And once again, Hinman ignored them and said without any legal support that it was important to ask. Speaker 1: As that person or group retained a stake and or other interest in the digital asset such that it would be motivated to expand efforts to Cause an increase in the value of the digital asset. Speaker 0: Both trading in markets and the general counsel also disagreed with Hinman's belief that if a network was sufficiently decentralized, information asymmetries would no longer exist, noting that a network creator would likely have more information than a retail holder using Vitalik Buterin as an example. They warned Hinman that by creating this quote, other category and focusing on information asymmetries, he was exposing a regulatory gap that the SEC may not have the jurisdiction to fill. Again, Hinman ignored them. Speaker 1: As the network becomes more truly decentralized, The ability to even to identify a promoter or to make the, and someone that could actually make the requisite disclosures becomes in many cases difficult or, and perhaps much less meaningful. Speaker 0: On June 4th, Hinman wrote that he didn't see a, quote, need to regulate Ether as a security and set up a call with Ethereum's cofounder, Vitalik Buterin, later that week to, quote, confirm our understanding. On June 11th, the SEC's own general counsel advised against including any direct statement about ether in the speech because it would be difficult for the SEC to, quote, take a different position on ether in the future. The next day, Trading and Markets wrote that the statements about ether were, quote, likely to create more confusion. Hinman ignored all of them and decided to make headlines, picking winners and losers instead. Speaker 1: Moreover, putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, The Ethereum network, its decentralized structure, we believe current offers and sales of Ether are not securities transactions. Speaker 0: The emails show that Hinman knew he wasn't following the law. He knew he was making things up. And he knew that his speech would result in greater confusion in an already confused market. But Hinman went ahead with the speech anyway. And the SEC, despite knowing all this, touted the speech repeatedly. The SEC chairman himself wanted market participants to the speech. Speaker 2: Bill Hinman recently outlined the approach we take to evaluate whether a digital asset is a security. And I encourage you to take a look at Bill's speech, which is available on our website. Speaker 0: The SEC knew the Speech didn't follow the law. The SEC knew the speech would create greater confusion, and the SEC knew Hinman was making things up. So why is the Hinman speech still on the SEC's website? Why was it ever allowed to be given at all? And why has the SEC pushed a policy of regulation by enforcement, falsely insisting the rules are clear?
Video Transcript AI Summary
Gary Gensler and the SEC are driving projects to decentralize themselves. The SEC's involvement creates a context of concern and encourages projects to be regulatory compliant. The SEC has stated that Ether is not a security and has focused on consumer utility tokens. Despite this, the SEC is still vigilant and aware. Ethereum is seen as a highly decentralized network, making the application of securities laws unnecessary. The SEC would now shut down a sale structure like the EOS sale before it even starts. Overall, the video emphasizes the importance of regulatory compliance and the SEC's role in the ecosystem.
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Speaker 0: Gary Gensler and the SCC are doing a great job of driving projects in our ecosystem to radically decentralize themselves. I could even call Gary the, the shining night of decentralization. Speaker 1: Oh, boy. Speaker 2: In community, and Speaker 3: This is something that Bitcoin and Ethereum didn't have Speaker 4: to deal with. You need to be regulatory compliant. Speaker 5: We certainly need Bodies like the SEC, to scare many projects straight to Create a context of concern, so that many different projects in place can do their legal homework Speaker 0: We continue to issue tokens. We've been doing a very good job of issuing Securities law compliant tokens right from the start. Bill Hinman, director of corporate finance of the SEC, about 2 months ago made remarks about Ether, that it's not a security. But more importantly, he made remarks about consumer utility tokens and that if they are Architected properly in terms of the software. If they are marketed properly, these protocol based open platforms and, we're seeing lots of activity still on that front. We just, conducted the Foam Token launch. Civil is upcoming. Civil's So we are big friends and fans of that organization. I think so we're very familiar with many people at the SEC, our friends at the SEC. The SEC is tooled up now and very aware. Speaker 6: Ethereum wants to see if we can pop it up there. That's what I'm talking about. So, you can see over there, that was after The comments by the SEC. So interesting market action there. Right? Speaker 0: Even with, all the good work that our friends at the SEC. I don't know why Not on top of it. Speaker 1: So you seem like pretty chill. You're like, oh, we're just going to take care of this ourselves, and you're not worried about any of the token projects? Speaker 0: I think it's prudent for the SEC to let people know that they're watching. And When we look at how ether today is operating at least, we see a highly decentralized network, right, and we don't see a Central third party. If we look at Ether and the highly decentralized nature of the networks, we don't see a third party promoter Where applying the disclosure regime would make a lot of sense. So Speaker 1: Ether Ethereum violated the law in the LCC's view When it issued its tokens. He said that in the speech even though, like, consensus says, oh, no. No. No. That's not what he said. That's what he said. He said but then he said, look. The securities laws really it doesn't add anything now because, ether is decentralized again. It seems that They they are saying that, ether used to be a security and now Speaker 0: it's not a security. They said, that without complaining about whether it was Security or not, we do not consider it a security. The SEC is tooled up now and very aware. Today, it would shut down a sales structure like the EOS sale before it was able to turn on its 1st billboard in Times Square. So Sorry. So instead of the vertical. So we are big friends and fans of that organization, I think. So very much in the United States, we had Valerie from the SEC. And so we're very familiar with many people at the SEC. Even with all the Good work that our friends at the SCC Our friends at the SCC There's an SCC Official. I think her name's Hester, Hester Pierce. Nobody's gonna know. Nobody's gonna know. They're gonna know. How would they know?
Video Transcript AI Summary
Assets with high value should be issued on Ethereum to avoid manipulation or potential failures. Other platforms are less decentralized and can be easily manipulated by their operators. Ethereum provides a more secure and reliable environment for asset issuance.
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Speaker 0: Any asset, that is expected to be high value, by its issuer, should be issued on Ethereum because if it's issued on other platforms that are far less decentralized, it can be improperly manipulated by the operators of those platforms or subject to other possible failures.

@IOHK_Charles - Charles Hoskinson

For the argument that Joe bribed the SEC to go after XRP that is the conclusion. That is the entire point of calling it a grand conspiracy. The free pass has nothing to do with the case against Ripple. They are unrelated events. Two years now and you haven't provided any evidence of their connection.

@Leerzeit - Mr. Huber🔥🦅🔥

Once again, you say that either way, there is no evidence of any corruption with the free pass either. That is completely absurd and without any basis. That is your argument. At the same time, you talk about regulatory favoritism by persuasion with money. You demand a signed and notarized receipt for bribes in order to even consider corruption. Why is this issue so important to you? You are not even affected by it? Just leave it to your little Zug mailbox neighbor Joe!

Leerzeit
Posted - November 28, 2023 at 10:03 AM
Saved - November 28, 2023 at 8:27 PM

@Leerzeit - Mr. Huber🔥🦅🔥

😆 https://t.co/FtOoIQtRuL

@AltcoinDailyio - Altcoin Daily

Charles Hoskinson GOES OFF on SEC & Bitcoin getting a pass while Cardano $ADA & crypto has to suffer. 👇 https://t.co/Vm1u9jGrIr

Video Transcript AI Summary
The speaker questions the meaning of security in a decentralized system like Bitcoin. They express frustration in understanding the differences between Bitcoin, Ethereum, Cardano, and others. They criticize the lack of accountability in the industry and highlight the potential for a 51% attack on Bitcoin. The speaker laments the wasted legal fees and compares it to past events where no accountability was achieved. They praise libertarians for challenging the government's lack of accountability. The speaker emphasizes that cryptocurrencies exist to fix the broken social contract and criticize the unelected and unaccountable leaders who face no consequences for their actions. They argue that this goes against the principles on which the country was founded.
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Full Transcript
Speaker 0: They come in and say it's a security. Okay. Well, what the hell does that mean if it's decentralized? How does Bitcoin register? Oh, but it's not. Then explain to me the fucking difference between Bitcoin and Ethereum and Cardano and the rest of the gang. Explain it to me like I'm 5 years old. Run the goddamn Howie test on it. And show me the difference between the 2. Tell me is there an expectation of return With the goddamn orange pill moon boys? It's there. There's so many different planks and angles that you can take a look at this thing from. And by the way, if you subpoena and attack about 3 different entities, You could perform a 51% attack on Bitcoin because that's the way the hash power works, but it's decentralized apparently, And team orange gets a complete pass. It's a pathetic fucking joke. It's an absolutely pathetic joke, You know? And it would be it would be funny if not for the fact that 100 of 1,000,000 of dollars of legal fees have been exhausted in this puric war that's being fought on the industry, and they'll lose court case after court case as they already have and will continue, and then at some point It'll stop. There will not be an apology. There's not gonna be any money that comes back, and we'll just move on like we did with the Kennedy assassination. We'll just move on, like we did with Vietnam, we'll just move on, like we did with Iraq and Afghanistan, we'll just move on like we're doing right now with COVID. We'll just move on like we did with all the things that have happened the last 50, 60, 70 years in the United States history. It has to stop. It honestly has to stop. Why do I praise libertarians come in? Because the only people that seem to think the the The only people who seem to improve the situation are the people that are unraveling the government. It's not accountable anymore. People harm people. They get away with it, and they just move on, and nothing changes. I'm tired of it. I think our industry is tired of it. The entire reason cryptocurrencies exist is not because somebody woke up and said, Man, tokens on the Internet is such a good idea. The entire reason cryptocurrencies exist is that we're trying collectively to re establish the social contract because the social contract is horrifically broken. If the people in charge are unelected, unaccountable and don't ever have to prove to us, the beneficiaries of the public trust, that they're doing good for us. And when they screw up, nothing happens to them. They get a promotion. They get elected to higher office and we just have to move on as a society. That is not a government for the people, by the people, of the people. That is something else that looks a lot more like the thing that we rebelled against when we founded this goddamn country.
Leerzeit
Posted - November 28, 2023 at 12:35 PM
Saved - November 28, 2023 at 6:13 PM
reSee.it AI Summary
The SEC director overlooked Joseph Lubin's ethical violations, allowing him to accept $15 million from a member of the Enterprise Ethereum Alliance. Lubin boasts that Ethereum is untouchable by the SEC, except for his token foundry. Now, Charles must persuade the SEC, but it won't be easy. Money talks.

@Leerzeit - Mr. Huber🔥🦅🔥

I admit we don't have the signed receipts for his bribery payments (because only then is it bribery, right), but we do have the very SEC director who gave Joseph Lubin a free pass for disregarding his ethics counsel's warnings against criminal corruption by accepting $15 million from a member of the Enterprise Ethereum Alliance, whose crypto business Hinman illegally favored after repeatedly ignoring warnings from the ethics office. And we have Lubin bragging that no one, including your sweet project, will ever get to Ethereum because the SEC will shut down everything except his token foundry. But good luck to you, Charles. It's now time for you to start convincing the SEC. With money. 😂

@IOHK_Charles - Charles Hoskinson

Again, no matter how many times you tweet, there is zero evidence that has ever been presented that Joe Lubin bribed the SEC to go after Ethereum. You are utterly incapable of differentiating between the free pass argument and allegations of consensys bribing the SEC to go after XRP. Still waiting on a single piece of evidence for the latter. If you cannot provide it, then yes you are spreading conspiracies and slander. That's what this has been about for two years now. And somehow you guys still fight. I don't get the stupidity of it.

Leerzeit
Posted - November 28, 2023 at 5:22 PM
Saved - November 28, 2023 at 5:59 PM
reSee.it AI Summary
In a recent legal battle, @EMPOWR_us sued @SECGov, revealing a spelling error that hindered the search for emails from Hinman. @SECGov now faces criticism for misspelling their own advisor's name, Joseph Lubin. #LegalBattle #SECGov #EMPOWR

@Leerzeit - Mr. Huber🔥🦅🔥

Hey @IOHK_Charles ask @EMPOWR_us why they had to sue the @SECGov up until the appelative court to make them realize they didn't find any emails from Hinman because they made a spelling error with "Simpson Thacher". Now the @SECGov claims they don't know how to write the name of their own advisor "Elbow Joe" I mean Joseph Lubin.

@ScottDrake16 - No Conspiracy Here 75k_JD

@Leerzeit @IOHK_Charles I asked the @SECGov to send me the receipts but they forgot how to spell Joseph Lubin 😂 https://t.co/X13KttnVkO

Leerzeit
Posted - November 28, 2023 at 1:52 PM
Saved - November 28, 2023 at 2:12 PM
reSee.it AI Summary
The SEC crypto policy reflects systemic corruption, ignored by some and covered up by others. No laws, regulations, or guidance from the SEC. Lubin's free pass and Gensler's actions remain unexplained. Investigating and eliminating corruption in Ethereum is crucial. Good laws are useless if enforcement is lacking. Hoskinson calls for applying Howey. Ethereus ICO would have been illegal, but Ada trading today is not. Ignoring corruption hurts the crypto industry. Gensler is seen as a champion of decentralization.

@Leerzeit - Mr. Huber🔥🦅🔥

People ask me why am I promoting tribalism, shouldn't we all stick together and move forward? Yes, part of it has to do with my personal pride, but the people who ask me that don't see the the crux of the matter: The SEC crypto policy is an expression of systemic corruption. Practiced by one side of the isle and relativized and covered up by the other. No laws. no regulation on crypto, no speech or guidance from the SEC, no no-action letter on individual assets, and no @IOHK_Charles thinking he's too smart to call out the obvious because he thinks it would hurt his case. People can no more explain Joseph Lubin's free pass as they can explain Gensler's actions. But they don't have a problem calling @GaryGensler corrupt, anyone gets cheered that says Gensler is corrupt though there is no proof whatsoever but some meetings with @SBF_FTX . But with Hinman, Clayton and Lubin they want a signed bribery reciept notarized by ten attorneys? Lubin laughing about everything shut down but his projects, calling the SEC his big friends, while repeatetly meeting with SEC staff trying to establish a FINRA-like regulatory status for @ConsenSys, mails from the ethics office repeatetly showing @billhinmanDC being warned of not acting criminally anymore and then joking about his own bribery? COME ON! Investigating and eliminating the corruption the @ethereum project is the very core of the whole problem and is much more important than any law or regulation that could ever come. After all, what good are even the best possible laws and regulations if those who enforce them don't give a damn anyway? As Charles Hoskinson says: apply the damn howey! Yes, and Ethereus ICO would clearly have been an illegal securities offering. And the Ada that is trading today is not. So Charles desire for new regulation and the simultaneous ignorance, almost support of corruption is your bearish thing for @InputOutputHK, #ADA and the entire crypto industry. Lubin is laughing at you guys. Gary Gensler is the shining knight of decentralization! @bgarlinghouse

@Salt589 - Salt

@Leerzeit Now I REALLY think he got a Wells Notice or knows he’s going to get one soon. Have fun in court Charles, shouldve paid your dues to Hinman and Clayton instead of trying to play fair. Maybe youll come around during your deposition with Tenreiro - cant wait to see the transcript.

Leerzeit
Posted - November 28, 2023 at 10:21 AM
Saved - November 28, 2023 at 10:51 AM
reSee.it AI Summary
In the past two years, @IOHK_Charles seemed determined to mock and humiliate the #XRPcommunity. Despite offering peace, he resurfaced to label us as crazy conspiracy theorists. Now, the tables have turned. It's amusing how things can change in just a year.

@Leerzeit - Mr. Huber🔥🦅🔥

I'm sorry, @IOHK_Charles , but for two years you did everything you could to make the #XRPcommunity to look ridiculous and embarrass us in public. I know you offered peace, but only to come out of nowhere and call us crazy conspiracy theorist again. No look at you. It's funny what can happen in a year, isn't it?

Video Transcript AI Summary
I am disappointed with David Schwartz and others for not addressing the issue of conspiracy theories within the community. They should have the courage to speak up and discourage such behavior. It is unnecessary to waste time engaging with a lawyer on YouTube who rants about irrelevant connections between different commissioners. This does not prove any conspiracy against the XRP community by the entire US government.
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Speaker 0: I kinda was a little disappointed with David Schwartz and others saying a lot could be said and, well, I'm just gonna say it makes me sad. How about you grow a fucking pair of balls and tell your community not to be conspiratorial? Maybe you should do that. And you say, I should go on And give some lawyer on YouTube the time of day to spend an hour or 2 on his channel to let him rant at me And connect all these dots and strings about how 1 commissioner did something or said something versus another commissioner. And that obviously is evidence that the entirety of the US government is engaged in a great conspiracy against the XRP community?

@AltcoinDailyio - Altcoin Daily

Charles Hoskinson GOES OFF on SEC & Bitcoin getting a pass while Cardano $ADA & crypto has to suffer. 👇 https://t.co/Vm1u9jGrIr

Video Transcript AI Summary
The speaker questions the meaning of security in relation to decentralized systems like Bitcoin. They express frustration in understanding the differences between Bitcoin, Ethereum, Cardano, and others, and mention the lack of accountability in the cryptocurrency industry. The speaker criticizes the legal battles and wasted resources, comparing it to past events like the Kennedy assassination and wars. They argue that cryptocurrencies exist to address the broken social contract caused by unelected and unaccountable leaders. The speaker emphasizes the need for change and praises libertarians for challenging the government. They conclude by stating that the current system does not align with the principles on which the country was founded.
AI Similar Videos
Full Transcript
Speaker 0: They come in and say it's a security. Okay. Well, what the hell does that mean if it's decentralized? How does Bitcoin register? Oh, but it's not. Then explain to me the fucking difference between Bitcoin and Ethereum and Cardano and the rest of the gang. Explain it to me like I'm 5 years old. Run the goddamn Howie test on it. And show me the difference between the 2. Tell me is there an expectation of return With the goddamn orange pill moon boys? It's there. There's so many different planks and angles that you can take a look at this thing from. And by the way, if you subpoena and attack about 3 different entities, You could perform a 51% attack on Bitcoin because that's the way the hash power works, but it's decentralized apparently, And team orange gets a complete pass. It's a pathetic fucking joke. It's an absolutely pathetic joke, You know? And it would be it would be funny if not for the fact that 100 of 1,000,000 of dollars of legal fees have been exhausted in this puric war that's being fought on the industry, and they'll lose court case after court case as they already have and will continue, and then at some point It'll stop. There will not be an apology. There's not gonna be any money that comes back, and we'll just move on like we did with the Kennedy assassination. We'll just move on, like we did with Vietnam, we'll just move on, like we did with Iraq and Afghanistan, we'll just move on like we're doing right now with COVID. We'll just move on like we did with all the things that have happened the last 50, 60, 70 years in the United States history. It has to stop. It honestly has to stop. Why do I praise libertarians come in? Because the only people that seem to think the the The only people who seem to improve the situation are the people that are unraveling the government. It's not accountable anymore. People harm people. They get away with it, and they just move on, and nothing changes. I'm tired of it. I think our industry is tired of it. The entire reason cryptocurrencies exist is not because somebody woke up and said, Man, tokens on the Internet is such a good idea. The entire reason cryptocurrencies exist is that we're trying collectively to re establish the social contract because the social contract is horrifically broken. If the people in charge are unelected, unaccountable and don't ever have to prove to us, the beneficiaries of the public trust, that they're doing good for us. And when they screw up, nothing happens to them. They get a promotion. They get elected to higher office and we just have to move on as a society. That is not a government for the people, by the people, of the people. That is something else that looks a lot more like the thing that we rebelled against when we founded this goddamn country.
Leerzeit
Posted - November 27, 2023 at 8:53 PM
Saved - November 27, 2023 at 9:12 PM
reSee.it AI Summary
"Discover the infamous regulatory money trick everyone's buzzing about. A former Sullivan & Cromwell lawyer turned government official, then back to the law firm, and repeated the cycle, ultimately landing as General Counsel at Goldman Sachs. Find out how this unconventional path unfolded."

@Leerzeit - Mr. Huber🔥🦅🔥

Is this that old regulatory money trick everybody is talking about?? https://t.co/ND9m6fr9qp

Video Transcript AI Summary
Alumni play a crucial role in the success of the firm. They take pride in their achievements and contributions, both during their time at S&C and throughout their careers. One alum started at S&C after law school, worked at the US attorney's office, returned to S&C as a partner, and later became chief of the criminal division at the southern district. Another alum gained diverse experiences in capital markets, securities, and M&A at S&C before becoming a general counsel. A third alum worked on an IPO and continued to work with the client for eight years. These alumni have gone on to hold positions such as general counsel at Goldman Sachs, KAYAK and OpenTable, and Stash. The Career and Alumni Resource Center has been instrumental in helping alumni find new roles and fostering a sense of camaraderie among S&C alumni. Ongoing connections as colleagues and friends are highly valued.
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Full Transcript
Speaker 0: Alumni are a critical part of our firm's strength and success. We take immense pride in the accomplishments and contributions of our lawyers, not only during their time at S&C, but for the entirety of their careers. Speaker 1: I started at S&C right out of law school, went to the US attorney's office, and then decided to To go back to S&C, I became a partner, and then I went back to the southern district as chief of the criminal division. Was there for about 3 years, and once again, turned to my home firm at that point in time and went back to SNC. Speaker 2: I think there's an incredible amount of training both on the legal nuts and bolts, but also how to deal with clients and be seen as a strategic partner. I was primarily focused on capital markets and securities in Tokyo, but I was encouraged to join the m and a group when I came back to New York. That gave me a broad based set of experiences and skills that prepared me tremendously well for an in house role and eventually the general counsel role that I Speaker 3: I started at S&C in 2008. I was assigned to an IPO for a client that I actually continued then to work with For 8 years, my practice really mapped to the life of a few particular businesses, and you kinda grow up with those companies as they which is fun and exciting. Speaker 1: So I joined Goldman Sachs as an executive vice president and general counsel. Speaker 2: Last year in October, I was named general counsel of KAYAK and OpenTable. Speaker 3: I'm the general counsel of Stash. We are a digital financial services platform. What SNC does is give you building blocks to be able to look at questions that you've never seen before And analyze the facts and the law and come up with good advice or Speaker 1: a good resolution quickly and confidently. I wasn't just in my litigation space, but I had a chance to work with tax lawyers, with general practice lawyers, to attend board meetings, To see things in advisory work that helped me out in my job today. The Speaker 3: concept for Speaker 4: the Career and Alumni Resource Center came from a whiteboard ideation session that we held with associates. Since we launched the program in 2016, we've placed Current and former lawyers of all seniority levels in new roles, and we've been able to support our alumni who are hiring. Speaker 3: I contacted the center and started having preliminary discussions. It really helped me target what kind of jobs am I looking for? Stash was one of those opportunities that came in the door that really fit. Speaker 2: I'm thrilled that there's a place now that I could easily go and access in the career resource center when I'm looking to fill a position on my team. Speaker 3: There's a Sense of camaraderie between s and c alumni that even if you didn't know them, they are willing to talk to you, to advise you, to mentor you, to help you and really usher you along the way. Speaker 2: One of my first calls or emails when I have a Thorny question. In addition to my internal team is to go to what I think of almost as my external team of friends and people that I used to work with at SNC. Speaker 1: Being an alum of the firm now, it's something that I'm proud of. It's a great firm where there's Terrific lawyers, but even after they leave SNC, there's that community that I feel a part of. Speaker 3: I was As a young lawyer when I started SNC, 8 years to me was a big piece of my life that I spent working really hard but also creating Lifelong friends and mentors. It's something pretty special. Speaker 0: Our ongoing connections as colleagues and friends are highly valued by all of us. Thank you for being and remaining part of the

@Leerzeit - Mr. Huber🔥🦅🔥

"I started at Sullivan&Cromwell and then I went straight to the government and then back to Sullivan and Cromwell and again straight back to the government and after I repeaded this a few times I somehow became General Counsel at Goldman Sachs! 🤝🏻"

Leerzeit
Posted - November 27, 2023 at 12:21 PM
Saved - November 27, 2023 at 2:09 PM

@Leerzeit - Mr. Huber🔥🦅🔥

Sorry, this is just not possible without fraud. https://t.co/osh2w9hEJI

@Leerzeit - Mr. Huber🔥🦅🔥

50 employees - $30'000 in revenue reported to the SEC - publicly claiming making hundrets of millions. https://t.co/9KNZgKx217

Leerzeit
Posted - November 27, 2023 at 6:42 AM
Saved - November 27, 2023 at 2:06 PM
reSee.it AI Summary
Joseph The Elbow Lubin, the SEC's only securities law compliant crypto advisor, is under scrutiny for his questionable actions. Wired UK has shed light on Lubin's shady dealings, exposing his fraudulent behavior. Lubin's claims about MetaMask, ConsenSys' supposed successful product, are contradictory. He states it's the most successful while admitting it only generates $100k in revenue annually, deceiving investors. The question remains: How did Lubin gain SEC backing and become an advisor? Find out more in the Wired UK article.

@Leerzeit - Mr. Huber🔥🦅🔥

The shady dealings of the SEC's only securities law compliant crypto advisor - Joseph The Elbow Lubin - this time highlighted by Wired UK. Lubins utter fraud is sooo obvious. Once again - Lubin claims MetaMask is ConsenSys' most successful product in the same breath that he claims MetaMask only makes $100k in revenue per year to rip off his investors. @Marc_Fagel once again my question to you as an expert: How is it that this guy is the only one backed by the SEC and even hired as a advisor? https://www.wired.co.uk/article/crypto-grand-dreams-backroom-deals-lawsuits

Crypto Started With Grand Dreams, Then Backroom Deals. Now It’s Mired in Lawsuits A self-described Ethereum pioneer says he’s suing his former colleagues over the origins of a piece of crypto infrastructure—and to show how “rotten” the industry has become. wired.co.uk
Leerzeit
Posted - November 27, 2023 at 12:11 PM
Saved - November 27, 2023 at 2:00 PM
reSee.it AI Summary
Evidence suggests that there may be fraudulent activities within ConsenSys and Ethereum. Jacob Blish, a former employee at Token Foundry, claims to have helped raise over $50 million for 6 projects, yet the company itself has never generated significant sales or profits. This raises concerns about SEC-approved fraud. It's alarming how one employee could secure such funding while the company remained unprofitable. This highlights the need for regulatory scrutiny.

@Leerzeit - Mr. Huber🔥🦅🔥

More evidence that most of ConsenSys and Ethereum is nothing but fraud. Here we have Jacob Blish, Business Development Leader at @LidoFinance claiming that when he was working at Token Foundry he helped 6 projects raise over $50 million in funding with a combined market cap in excess of $100 million. Yet that company has never made more than a few hundred thousand dollars in sales and has only made losses. Another SEC approved fraud.

@Leerzeit - Mr. Huber🔥🦅🔥

One employee of Token Foundry was able to raise $50 million in funding through ICOs withing a few month. But the company that delivered this serving was never able to even make a single dollar in profits? This is what @SECGov compliant looks like @bgarlinghouse .

Leerzeit
Posted - November 26, 2023 at 8:23 AM
Saved - November 26, 2023 at 8:59 PM

@Leerzeit - Mr. Huber🔥🦅🔥

HOLY SHIT! Meryl Streep's nephew was in charge of Lubin's partnerships at his SEC approved ICO Token Foundry! Sources: https://web.archive.org/web/20180628034339/https://tokenfoundry.com/about-us https://pagesix.com/2021/12/14/meryl-streeps-nephew-gets-plea-deal-in-road-rage-case-victims-lawyer/

Token Foundry | Helping Build the Tokenized Future web.archive.org
Meryl Streep’s nephew lands sweet plea deal in road-rage case: victim’s lawyer Charles Harrison Streep is expected to get a $100 fine after pleading guilty to one count of unlawfully blocking or obstructing a parking lot during the altercation with David Peralta-Mera. pagesix.com
Leerzeit
Posted - November 25, 2023 at 10:33 PM
Saved - November 26, 2023 at 2:33 PM

@Leerzeit - Mr. Huber🔥🦅🔥

Oh he didn't like hearing that other people were working on a solution to his problem Already years ago 😆

@XrpJackson - Chainsaw Jackson🔥🐥🔥

@Leerzeit 👇👇👇👇 https://t.co/soYVMa2qmw

Video Transcript AI Summary
The speakers discuss the philosophy of UTXO and its relationship with privacy. Speaker 0 mentions that despite Ethereum initially rebelling against UTXO, privacy brings it back into consideration. Speaker 1 asks if replacing UTXOs with balances was Speaker 0's idea, to which Speaker 0 confirms and explains the motivation behind it. They mention the challenges of dealing with UTXOs in transactions. Speaker 1 mentions that they are currently working on UTXO-based wallets at ECC. They also discuss the downstream influences of this change. Speaker 0 explains the advantages of UTXOs in the context of privacy, using the example of tainted money.
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Speaker 0: It's kind of kind of standard philosophy of, Minoaca UTXO, which, I think, ironically, you know, despite Ethereum kind of rebelling against UTXO as at the beginning. I think, you know, once privacy enters the picture, you do sort of go somewhat back in that direction. Speaker 1: Was replacing UTXOs with balances your idea? Speaker 0: It was, and, I mean, there were definitely, like, specific bad outcomes of u of, UTXOs that really, yeah, motivated that choice. Like, I wrote this, Bitcoin Coin Wallet. And I remember having to write this set. Pretty crazy code to deal with the case where, like, you set the transaction, you need to pay fees, but then in order to beta fees, you add 1 more UTXO, but then that increases the size of the transaction, and you have to pay more fees that add more UTXOs, and, like, in the worst case, it's a while loop. And, like, I kind of got traumatized with some of those experiences that I'm like, screw it, you know, transactions are, like Speaker 1: That's the kind of thing we're working on nowadays at ECC. We're making UTXO based CCaaS wallets. And so I know exactly where you're coming from on that. This history question. Was it Vatalik's idea to replace UTXO's with balances? One of those big impactful changes. It's fun to see all the downstream influences on all the other people that came after. But, anyway, you were saying, in the privacy context, UTXOs have some advantages, and you're giving the example of some of your money being tainted but it doesn't rub off on the other bills in your wallet. Mhmm. Right.
Leerzeit
Posted - November 24, 2023 at 8:40 PM
Saved - November 24, 2023 at 10:28 PM
reSee.it AI Summary
In my opinion, @ethereum needs more time and attempts to achieve sufficient decentralization. It's been the only network to come close in years. But, @bgarlinghouse, how long will you keep evading the @SECGov? Will it take until Ethereum 4.6 is declared the "terminally decentralized network" by an SEC director?

@Leerzeit - Mr. Huber🔥🦅🔥

Hey @bgarlinghouse , I think @ethereum needs more time and a few more tries before it works. The only sufficiently decentralized network in half a decade. Unfortunately... How long do you plan to keep playing hide and seek with the @SECGov? Until Ethereum 4.6 is declared the " terminally decentralized network" by an SEC director?

Video Transcript AI Summary
The speaker discusses the issue of staking centralization and suggests that the current system needs redesigning. They explain the concept of a UTXO payment system, where transactions are like virtual coins that can be broken up and combined. This system ensures that when receiving a payment, a new transaction is created and none of the existing transactions can be changed without consent. In contrast, a balance-based system allows for changes to be made to someone's balance without their consent. The speaker emphasizes the importance of consent in financial transactions.
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Speaker 0: There's something to be done about staking centralization. Right? Like the status quo of, you know, the different pools and solo staking being hard and all of those things is not really healthy. And there's, I think, a big opportunity to do some redesigns through the staking system that really alleviates some of those issues. Like in a UTXO payment system, right, where basically a UTXO unspent transaction output. Like, it's like a virtual coin, where if, if you pay me money, then I get a new coin, and then if I pay you money, I have to break up 1 of my coins into 2 coins that are smaller, and then I get back 1 of the coins, and then you get a totally new coin that contains just the money you need. Like, the nice thing about that UTXO approach is, when you receive a payment, you get a totally new thing. None of your existing things can be changed without your consent. A balance based system, right, where you just, like, track how much money everyone has does not have that property. Because in a balance based system, you can change my balance without my consent by increasing it. Right? And so, like, that's it feels like a really sort of obvious detail. Right? Like, yes, of course, you can send me money without my consent, and and but like, we don't care because sending me money is good. But, well, for me.
WhaleChart
Posted - November 18, 2023 at 4:11 PM
Saved - November 18, 2023 at 10:32 PM
reSee.it AI Summary
Former Ethereum advisor Steven Nerayoff plans to expose Ethereum founders' alleged fraud activities. @Cryptoking claims Nerayoff defrauded him of $250,000 for a Bittrex listing. @CryptoKidSYD questions the lack of a contractual agreement and suggests deleting the tweet. @Leerzeit points out the shilling of gems on Bittrex.

@WhaleChart - Whale | Dinobet.io

BREAKING: Former Ethereum advisor and attorney Steven Nerayoff plans on sharing proof of Ethereum founders’ fraud activities in the early days of the cryptocurrency asset.

@Cryptoking - Crypto King

I worked with Steven… The biggest fraud I’ve ever worked with and that’s a big statement considering I worked with Logan Paul as well… He took $250,000 from me to “list” a project on Bittrex. He said it was guaranteed with his nod and the payment wasn’t a listing fee but a consulting fee. 1 week before listing the Bittrex team went ghost. I have txt messages going back to 2017 regarding this.

@CryptoKidSYD - SYD

@Cryptoking @WhaleChart Let’s get this straight 1. You paid 250K to get a project listed on Bittrex 2. You didn’t have a contractual agreement guaranteeing the listing aside from a “nod” of assurance? 3. If you did, why didn’t you take legal action for breach of contract? Just delete this tweet boss

@Leerzeit - Mr. Huber🔥🦅🔥

@CryptoKidSYD @Cryptoking @WhaleChart His favourite gems he shills to his audience are on bittrex too! https://t.co/ekEHomVoXk

WhaleChart
Posted - November 18, 2023 at 4:11 PM
Saved - November 18, 2023 at 10:29 PM
reSee.it AI Summary
Former Ethereum advisor Steven Nerayoff plans to expose fraud activities by Ethereum founders. @Cryptoking claims Nerayoff defrauded him of $250,000 for a project listing on Bittrex. @Leerzeit accuses @Cryptoking of wanting to deceive followers.

@WhaleChart - Whale | Dinobet.io

BREAKING: Former Ethereum advisor and attorney Steven Nerayoff plans on sharing proof of Ethereum founders’ fraud activities in the early days of the cryptocurrency asset.

@Cryptoking - Crypto King

I worked with Steven… The biggest fraud I’ve ever worked with and that’s a big statement considering I worked with Logan Paul as well… He took $250,000 from me to “list” a project on Bittrex. He said it was guaranteed with his nod and the payment wasn’t a listing fee but a consulting fee. 1 week before listing the Bittrex team went ghost. I have txt messages going back to 2017 regarding this.

@Leerzeit - Mr. Huber🔥🦅🔥

@Cryptoking @WhaleChart Ahh you wanted somebody to help you to decieve your followers to dump on them. https://t.co/5Y05ZZkmjd

Leerzeit
Posted - November 18, 2023 at 7:11 PM
Saved - November 18, 2023 at 8:29 PM
reSee.it AI Summary
@Leerzeit accuses @VitalikButerin of advocating fraud by suggesting multiple pseudonymous identities for Ethereum investors. @ChrJentzsch defends the practice, stating it's a known feature of crypto and not a problem as Ethereum is seen as a commodity. @Leerzeit questions when this was known. @ChrJentzsch responds, claiming knowledge since 2013.

@Leerzeit - Mr. Huber🔥🦅🔥

Here we have @VitalikButerin calling to disguise all major investors in Ethereum by creating multiple pseudonymous identities so the public is not scared. This is called fraud. https://t.co/hUvC3shSDW

Video Transcript AI Summary
A person can buy from various identities. We limit the size of the sale to make it easier to disguise. For example, if you're a whale and want a lower price, you can buy 50,000 units to avoid scarcity.
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Speaker 0: A a person can can buy, from any number of different identities. We made a limit the size the the unit size of the sale, just to, make it easier to disguise? Let's say if you're a whale and you want some price, you can buy, 50,000 units and just just, so so there won't be scarce

@ChrJentzsch - Christoph Jentzsch

@StevenNerayoff What exact criminal action are you accusing Vitalik of?

@ChrJentzsch - Christoph Jentzsch

Ok, this is about a basic functionality of crypto. One person can have many accounts and therefore the size of the investment stays private. Investors being private was a known feature of the crowdsale. This was known information at the time of the sale. Nothing new and "normal" in cryptocurrencies. If Ethereum had consciously sold securities, this would have been a problem, for a commodity, it is different. So far, Ethereum is seen as a commodity, and the team had this view back then as well.

@Leerzeit - Mr. Huber🔥🦅🔥

@ChrJentzsch @VitalikButerin Since when exactly did you know this?

@ChrJentzsch - Christoph Jentzsch

@Leerzeit @VitalikButerin Since I know how a blockchain works. 2013 in my case.

@Leerzeit - Mr. Huber🔥🦅🔥

@ChrJentzsch @VitalikButerin No, you say you knew that Joseph Lubin called to disguise all major investors so "nobody scares people" at the presale. Since when did you know of this call?

Leerzeit
Posted - November 17, 2023 at 6:37 PM
Saved - November 18, 2023 at 12:39 AM
reSee.it AI Summary
Joe Lubin, co-founder of Ethereum, reportedly cashed out some Bitcoin during the ICO presale. There were concerns about whether he reinvested the same Bitcoin into Ether, potentially leading to a double spend. This revelation raises questions about Lubin's actions and their impact on Ethereum's financial stability. Additionally, a recording released by Steven Nerayoff suggests that Lubin's involvement in hedge funds had a negative impact on Ethereum. In contrast, Brad Garlinghouse, CEO of Ripple, highlights the legitimacy and SEC approval of their project.

@Leerzeit - Mr. Huber🔥🦅🔥

Hey @StevenNerayoff Joe Lubin actually already cashed out some of the Bitcoin during the presale of the ICO. As nobody knew if Lubin didn't buy with these very same bitcoin again into Ether, as there was no hard cap, it probably was the first double spend. Yes, it's true.

@jungleincxrp - Jungle Inc

😆 explosive recording released by @StevenNerayoff Joe Lubin made a degenerate gamble on Bitcoin and almost bankrupted Ethereum. “He ran a god damn hedge fund” 😂 Watch the full clip at @crypto_ceej channel 🍾🍾🍾 https://t.co/3Y5temRmpK

Video Transcript AI Summary
Joe, who ran a hedge fund, failed to hedge the position for 8 years. The hedge would have allowed them to benefit from the upside without any downside. This missed opportunity caused pain for everyone else, but they could have capitalized on it and potentially gained more talent. Instead of having 4.5 million, they could have had 12 million. It would have been better for them if the market went down because they would have been stronger compared to weaker players. Either way, they would have been protected.
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Speaker 0: You know, Joe ran a goddamn hedge fund. Mhmm. There's a word in the fund called hedge. Yep. You had a guy who was handling this that ran a hedge fund for 8 years and didn't hedge your position. I mean, I just you had your upside. That was the beauty of the hedge. The hedge was just a put. So you had all the upside with none of the downside, and you would guys would the beauty of it is everybody else right now is in pain, and so are you guys, but nobody else you would have been able to clean up, and who knows what kind of talent you would have been able to scoop up. Instead of 4 a half 1000000, you'd probably be at 12,000,000 right now. Mhmm. And, you know, then if we either went to a1000, you guys have you know, it actually would have been better for it to go down because you guys would have been stronger amongst a bunch of weak players as opposed to being strong with a bunch of strong players, but and either way, you would have been protected.

@Leerzeit - Mr. Huber🔥🦅🔥

Imagine that! The only legitimate, safe and @SECGov approved project in crypto! @bgarlinghouse https://t.co/YrDgHOtlwt

Leerzeit
Posted - November 17, 2023 at 8:35 PM
Saved - November 17, 2023 at 10:59 PM

@Leerzeit - Mr. Huber🔥🦅🔥

Sam Altman was resigned. I wonder why..

@OpenAI - OpenAI

OpenAI announces leadership transition https://openai.com/blog/openai-announces-leadership-transition

OpenAI announces leadership transition Chief technology officer Mira Murati appointed interim CEO to lead OpenAI; Sam Altman departs the company. Search process underway to identify permanent successor. openai.com
Leerzeit
Posted - November 16, 2023 at 10:12 PM
Saved - November 16, 2023 at 10:25 PM

@Leerzeit - Mr. Huber🔥🦅🔥

@superphiz Is this why Joseph Lubin disguised all major investors in Ethereum so people are not scared? https://t.co/dvqHM4Bsre

Video Transcript AI Summary
A person can buy from different identities, limiting the sale size to make it easier to disguise. This can be done using multiple identities.
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Speaker 0: A a person can can buy, from any number of different identities. We may limit the size the unit size of the sale, just to make it easier to disguise, then we can do that in, for multiple identities. We will
Leerzeit
Posted - November 16, 2023 at 12:14 PM
Saved - November 16, 2023 at 12:32 PM

@Leerzeit - Mr. Huber🔥🦅🔥

Ethereum crooks, even when faced with irrefutable evidence will simply shrug it off."So what, we knew that all along!" Remember when @BoringSleuth proved that Wanxiang set up the Ethereum Foundation wallets which they always denied? "So what? We knew about it a long time ago."

@sentosumosaba - 🌸Crypto Eri 🪝Carpe Diem

We haven't yet seen the NFT from Steven, but the concept is groundbreaking and I hope it goes well. In addition, @StevenNerayoff will be able to make the facts, immutable, and many of us will own a piece of history. #TruthBomb https://t.co/GBP1F7va83

Video Transcript AI Summary
The video discusses the groundbreaking use of NFTs in delivering breaking news. The speakers highlight the significance of this new approach and its potential for growth. They explain that by releasing news articles as NFTs, individuals can have ownership and participate in historical events. The conversation also touches on the skepticism surrounding the impact of this development on Ethereum and the potential exposure of wrongdoings. While some believe the story may not be ignored, others doubt that any significant consequences will occur. The importance of revealing the truth for Steven Narayoff, who experienced a life-altering event, is emphasized.
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Speaker 0: You know, I wanna bring out one really important thing that I think has not been mentioned and people are missing. What is so groundbreaking in this situation is that we are seeing breaking news being delivered in an NFT. Speaker 1: Great point. Speaker 0: Can you think of any other breaking story that has been delivered in the form of an NFT that is incredible And that actually, in my opinion, is a big story here because you've got a brand new use case that maybe was never really tested. And I think that it has legs. And I think that you're going to see This continue to grow in a way that is, wow, so exciting. I'm personally Thrilled that this is the way the news is gonna be delivered. Speaker 1: Erie, so really quick, just to elaborate on why he's doing that. He's gonna give individuals ownership of the news basically. So Right. There there's no there's go ahead. Sorry. Speaker 0: It's it's incredible. Speaker 1: It really is. So explain that a little bit for somebody who doesn't understand. Let's say I released an article about Johnny. Breaking news, guys. Johnny, he's upping the price of Merlin no. I'm just kidding. I don't know I don't know what the story would be. But let's say I released it in an NFT form. What's the value of doing that as opposed to a traditional press release? Speaker 0: Well, for 1, you're actually putting you're putting history on the blockchain, and it's and it's gonna be immutable. And you are actually gonna be a participant in something that's very historical. Because as he said, this phone call is historical. This. This phone call is a part of history. And and I think this is just scratching the surface of the melding of NFTs and news. I think it's incredible. Speaker 1: Johnny Crypto, I wanna get your reaction as well, but this is my friend in the live chat here. Shout out to Dusty. He said Naraoff will be ignored. It will be slept under the rug, and Ethereum fanboys will not care as long as they get their money. The media will all be in on the narrative. And, you know, I think that Ari, I'd like you to respond to that actually because I think it's likely, and this is the unfortunate reality of the market right now, is that money talks and BS walks. It's like Johnny says, this is the Italian mafia out here. And until the relationships are exposed, we're gonna have to deal with the consequences. Speaker 0: Yeah. I don't think it's I I'm personally you know, Ethereum is just is code. It's good code. It has smart contracts. It it really provides an incredible function. It's gonna be instrumental in DeFi, which is gonna be just gigantic and huge for the whole world to transform its financial services. I see a separation. So I don't think that it hurts Ethereum at all, to be honest with you. I think this is a total attack on on individuals. I don't think it's attack an attack on Ethereum, the digital asset, at all. So I think once people realize this isn't an attack on on Ethereum as as a digital asset, but it's trying to expose the wrongdoing of of people that were involved. I think it's going to get coverage. I I don't think it's gonna be swept under the rug. Speaker 2: You know, I think the same thing scenario here is I I think crypto, Eddie's right. I don't think we'll see An impact on Ethereum. But I also don't think you know, what I always say, you know, it's right here. Right? This is this is true. It's not what you know, it's who you know. And the reality he asked my little paper. And the reality is, you know, Vitalik has some friends in some very high places. And so I I kinda do agree with with, our our chatter there that that this will probably Not and when I say swept under the rug, I don't necessarily think the story will get swept under the rug. I think crypto ID is right. It may come to the forefront. But do I think something's gonna happen? Is Vitalik gonna go to jail? Is he gonna get held of a spot? No. But do I think something big is gonna you know? I I you know, you never see Anybody being held accountable for their crimes anymore. So I don't know, Ed. We'll have to wait. Speaker 0: At least Steven Narayoff will will have the truth out and he will be. And and for his his life and for his, which was turned upside down when he was thrown in a van, and and really just Unbelievable what happened to him. I think this is this is really important for the truth to come out for him.
Leerzeit
Posted - November 14, 2023 at 10:33 PM
Saved - November 15, 2023 at 1:31 PM

@Leerzeit - Mr. Huber🔥🦅🔥

Meanwhile law enforcement https://t.co/otgnV6tulh

@theblockupdates - The Block Pro Headlines

*DELAWARE AUTHORITIES REPORTED THE AUTHORS OF FAKE BLACKROCK XRP FILING TO LAW ENFORCEMENT - THE BLOCK

Leerzeit
Posted - November 13, 2023 at 4:42 PM
Saved - November 13, 2023 at 7:25 PM
reSee.it AI Summary
Imagine being @CGasparino and having to make a clear choice for your journalism. Unfortunately, "your mom" jokes won't win you a Pulitzer or an American Comedy Award. So close to winning a Pulitzer Prize for investigative journalism, but ultimately fell short. A nice dinner in New York followed. Random-German-Bratwurst-Your-Mom-Basement-SAD!-Quote incoming in 3...2...1...

@Leerzeit - Mr. Huber🔥🦅🔥

Gasparesque Journalism: Imagine you are @CGasparino and had to make that decision. Clear choice, right? The only problem is that "your mom" jokes don't make the cut for neither the Pulitzer nor the American Comedy Award. Sad, HA! https://t.co/WhAxWKgHJk

@Leerzeit - Mr. Huber🔥🦅🔥

One of the closest to winning a Pulitzer Prize in the history of investigative journalism. Then he had a nice dinner at a nice New York restaurant. So close. So close he was. https://t.co/XGD7D0jBF7

Video Transcript AI Summary
Ethereum and Ripple are compared in terms of their platform development. While Ripple is still building its platform, Ethereum's platform is already established and its assets are traded like commodities rather than securities. Ethereum plans to use a portion of its sold assets for long-term development. They also aim to release Ethereum 2.0 in 2016, which will address scalability issues with advanced cryptography protocols. Despite initial scalability challenges, Ethereum has proven its ability to rebuild and create a financial plumbing layer.
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Speaker 0: Ethereum's been given the green light. It could keep working, even though it didn't register any of this stuff. Ripple, as you know, is being sued. What's the difference between Ripple and Ethereum? Well, the SEC would say Ripple is still building out its platform. Speaker 1: The Ethereum platform is built out. The the stuff Is now trading like any other commodity, not a security that is used to build something where you get something in return. Speaker 2: Build on top of that, turns out we can build a financial plumbing layer. The concept of launching something that doesn't scale and then Rebuilding it. Sure. It's scalable with the plans or initial Yeah. We we know it wasn't scalable for sure. Speaker 1: The Ethereum platform is built out. The the stuff is now trading like any other commodity, not a security that is Surety that is used to build something where you get something in return. Speaker 3: Analyzed, but our current strategy is that we have 3 pools of ether. So 1 pool is the pool that we sell. The other pool is the, infinitely growing pool that's gonna get mined. And the 3rd pool is a small pool, roughly Something like 30 per 30% of the ether that we sell is something that we're we're going to use as an organization to pay for development long term. Speaker 1: Use as an organization to pay for development long Speaker 0: term. The Ethereum platform is built out. The the stuff is now trading like any other commodity, not a security that is used to build something where you get something in return. Speaker 3: We are probably almost certainly going to release Ethereum 2.0 sometime around 2016 or so, which will hopefully have, much more advanced cryptography protocols that will Really solve the scalability issue to a much greater extent. We are probably almost certainly going to release Ethereum 2.0, sometime around 2016 or so. Speaker 0: The Ethereum platform is built out. The the stuff is now trading like any other commodity, not a security that is used to build something where you get something in return. Speaker 1: Build on top of that, turns out we can build a Financial from a layer. Concept of launching something that doesn't scale and then rebuilding it. Is it scalable with some initial plans or initiatives? Yeah. We we knew it wasn't gonna be scalable for sure.

@Leerzeit - Mr. Huber🔥🦅🔥

Random-German-Bratwurst-Your-Mom-Basement-SAD!-Quote incoming in 3...2...1... https://t.co/4qi3DhofKV

Leerzeit
Posted - November 12, 2023 at 11:47 AM
Saved - November 12, 2023 at 1:16 PM

@Leerzeit - Mr. Huber🔥🦅🔥

Sunday riddle: Where can you spot the SEC-sanctioned fraud? https://t.co/4xAbzvVo5O

Leerzeit
Posted - November 6, 2023 at 11:26 AM
Saved - November 12, 2023 at 2:32 AM

@Leerzeit - Mr. Huber🔥🦅🔥

Gosh I was such a nice person back then, when I didn't know that the SEC really is a criminal organization that took bribes from the Ethereum crooks. Good ol' times. https://t.co/7SiBrlC9pA

@Leerzeit - Mr. Huber🔥🦅🔥

Ahh Texture! I remember him calling me Dipshit in 2021, when he wasn't so open about his past with the Ethereum crooks. https://t.co/obNsQ1pLov

Leerzeit
Posted - November 11, 2023 at 2:16 PM
Saved - November 11, 2023 at 9:58 PM

@Leerzeit - Mr. Huber🔥🦅🔥

I disagree so strongly with this because the Ethereum crooks didn't just leave it with the speech and the whole SEC policy sourounding Ethereum, they litteraly adviced and cheered the @SECGov to go after competitors. And the SEC still goes after everything that is not Ethereum.

@Belisarius2020 - bill morgan

@Leerzeit What I mean is others can set up a blockchain that competes with Ethereum and many do compete. The Ethereum free pass did not create a monopoly. It did not even give Ethereum a big market share and it was already a top three crypto before the speech.

Leerzeit
Posted - November 11, 2023 at 6:21 PM
Saved - November 11, 2023 at 9:33 PM

@Leerzeit - Mr. Huber🔥🦅🔥

This guy comes to you, running one of the biggest brokers in the world and tells you about his friends at the SEC and a "new crypto fuel". He explains that if you want to invest several millions in the fuel, he'll disguise your identity so others won't be scared. Wdyd @Marc_Fagel https://t.co/vdWtkFYpHc

@Leerzeit - Mr. Huber🔥🦅🔥

that Madoff is runing the biggest market maker on Wall Street, that he is just too big to fail and that this Markopolos guy is just a crazy looser having to find a better hobby than chasing rabbits? Madoffs red flags were so much less clear and obvious than with Ethereum. https://t.co/1t3oYPF1BO

Video Transcript AI Summary
We are currently engaging with regulators to address the key issues in securities law. Our focus is on issuing both investor tokens and consumer utility tokens. We aim to provide clear definitions and help regulators understand the benefits of networked business models that utilize membership or consumption tokens. Our goal is to ensure that tokens are sold to users who actively utilize them, rather than speculators seeking to profit from others' actions. Ether, after extensive legal research, is considered a crypto fuel and one of the first crypto commodities in the decentralized web. It enables trusted transactions, automated agreements, and smart software objects on Ethereum by paying for shared resources.
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Speaker 0: Having with the regulators at the moment. How are you going around? What are the what are the questions you're being asked? What are the key issues that you think you currently face and the challenges to overcome? Speaker 1: Yeah. So we're more mostly focused on, securities law. We are able to issue, Investor tokens or tokenized securities. We're also able to issue consumer utility tokens that wouldn't be considered securities. And, we're focused on getting, very clear definitions, and helping regulators around The world understands that there are these, networked business models that benefit, from, membership tokens or, Tokens represent consumption of scarce resources. And as long as these projects are selling tokens to Token buyers that make use of the token, and they're not selling, in large quantities to speculators who are, Hoping to make money by the actions of others. That is a a good clean definition of a of a consumer token. Speaker 0: And that's what ether is? Speaker 1: That is absolutely what Ether is. We did, about 7 months of, deep legal homework. Ether is a crypto fuel. It's, one One of the first crypto commodities in the decentralized world wide web, web 3. Others are for decentralized storage and bandwidth and heavy compute, on Ethereum, you can do trusted transactions, automated agreements, smart software objects. In order to pay for all the shared resources, you need to pay with, with some of this, crypto fuel. And so, that token, Represents, essentially, a way of, of offering these shared resources to the world.
Leerzeit
Posted - November 11, 2023 at 1:17 PM
Saved - November 11, 2023 at 4:04 PM
reSee.it AI Summary
The conversation discusses the possibility of a monopoly in the decentralized crypto ecosystem. @Leerzeit argues that aiming for a monopoly would be more logical than just a head start. @Belisarius2020 disagrees, stating that a head start is achievable and profitable for a select group. @Leerzeit counters by mentioning the possibility of a regulatory monopoly, using TCP IP as an example.

@Leerzeit - Mr. Huber🔥🦅🔥

Lol. Do you actually think if it really was deliberate, they would try to give Ethereum just "a little head start" than a monopoly Ethereum? So much risk just to go for the headstart? No you aim for the monopoly and end up with the headstart. 💯 https://t.co/yyfD3kwhJO

@Belisarius2020 - bill morgan

You contrast the regulatory favouritism shown to Ethereum with the harsh treatment the SEC directed at other ICOs and its (arbitrary) or ill-motivated decision to sue Ripple. Whether it was an intention to create a monopoly for Ethereum or give it a big head start (the Ripple lawsuit will go well into next year) how long if ever will it take the market to right the distortion this caused that cemented Ethereum in no. 2 place over better technologies of competitors.

@Belisarius2020 - bill morgan

@Leerzeit Monopoly is not possible with a decentralised ecosystem like crypto. A head start was achievable and enough short term for a clique to make a fortune

@Leerzeit - Mr. Huber🔥🦅🔥

@Belisarius2020 Of course a regulatory monopoly is possible? Just because you can circumvent a monopoly doesn’t mean it's not possible. Just like TCP IP has a monopoly. https://t.co/XtrXYuVtrn

Leerzeit
Posted - November 10, 2023 at 6:51 PM
Saved - November 10, 2023 at 7:31 PM
reSee.it AI Summary
Cardano supporters question SEC Commissioner Hester Peirce's alignment with Bankless values. Bankless promotes their crypto project and claims Peirce could have participated in their airdrops. They question the relationship between Ethereum and SEC officials. @Marc_Fagel, what are your thoughts?

@Leerzeit - Mr. Huber🔥🦅🔥

Hey @cardano_whale and @IOHK_Charles! I'm sorry I really like Cardano but @BanklessHQ says that @HesterPeirce values are in line with bankless values. She not only promoted their crypto project Bankless even states that @HesterPeirce could have participated in one of their airdrops. Just arrogance or corruption? What do you think @Marc_Fagel

@Leerzeit - Mr. Huber🔥🦅🔥

Are SEC commissioner allowed to promote crypto projects? @Marc_Fagel

@Leerzeit - Mr. Huber🔥🦅🔥

@BanklessHQ even calls @HesterPeirce their friend. Where do we know this? Why are the Ethereum crooks the only folks ever be able to publicly call SEC officials their friends?! https://t.co/qiwy5k9gsG

Video Transcript AI Summary
Gary Gensler and the SEC are driving decentralization in the ecosystem. The SEC's involvement ensures regulatory compliance and encourages projects to do their legal homework. The SEC has deemed Ether decentralized and not a security. They are aware and vigilant, shutting down sales structures like EOS before they can launch. Despite this, the speaker believes it's important for the SEC to show they are watching. The speaker mentions their familiarity with people at the SEC, including Hester Pierce. Overall, they appreciate the SEC's efforts in the space.
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Speaker 0: Gary Gensler and the SCC are doing a great job of driving projects in our ecosystem to radically decentralize themselves. I could even call Gary the, the shining night of decentralization. Speaker 1: Oh, boy. Speaker 2: In community, and Speaker 3: This is something that Bitcoin and Ethereum didn't have Speaker 4: to deal with. You need to be regulatory compliant. Speaker 5: We certainly need Bodies like the SEC, to scare many projects straight to Create a context of concern, so that many different projects in place can do their legal homework Speaker 0: We continue to issue tokens. We've been doing a very good job of issuing Securities law compliant tokens right from the start. Bill Hinman, director of corporate finance of the SEC, about 2 months ago made remarks about Ether, that it's not a security. But more importantly, he made remarks about consumer utility tokens and that if they are Architected properly in terms of the software, if they are marketed properly, these protocol based open platforms and, we're seeing lots of activity still on that front. We just, conducted the Foam Token launch. Civil is upcoming. Civil's So we are big friends and fans of that organization. I think so we're very familiar with many people at the SEC, our friends at the SEC. The SEC is tooled up now and very aware. Speaker 6: Ethereum wants to see if we can pop it up there. That's what I'm talking about. So, you can see over there, that was after The comments by the SEC. So interesting market action there. Right? Speaker 0: Even with, all the good work that our friends at the SEC. I don't know why Not on top of it. Speaker 1: So you seem like pretty chill. You're like, oh, we're just going to take care of this ourselves, and you're not worried about any of the token projects? Speaker 0: I think it's prudent for the SEC to let people know that they're watching. And When we look at how ether today is operating at least, we see a highly decentralized network, right, and we don't see a Central third party. If we look at Ether and the highly decentralized nature of the networks, we don't see a third party promoter Where applying the disclosure regime would make a lot of sense. So Speaker 1: Ether Ethereum violated the law in the LCC's view When it issued its tokens. He said that in the speech even though, like, consensus says, oh, no. No. No. That's not what he said. That's what he said. He said but then he said, look. The securities laws really it doesn't add anything now because, ether is decentralized again. It seems that They they are saying that, ether used to be a security and now Speaker 0: it's not a security. They said, that without complaining about whether it was Security or not, we do not consider it a security. The SEC is tooled up now and very aware. Today, it would shut down a sales structure like the EOS sale before it was able to turn on its 1st billboard in Times Square. So Sorry. So instead of the vertical. So we are big friends and fans of that organization, I think. So very much in the United States, we had Valerie from the SEC. And so we're very familiar with many people at the SEC. Even with all the Good work that our friends at the SCC Our friends at the SCC There's an SCC Official. I think her name's Hester, Hester Pierce. Nobody's gonna know. Nobody's gonna know. They're gonna know. How would they know?

@Leerzeit - Mr. Huber🔥🦅🔥

@BanklessHQ @HesterPeirce How do you explain this stuff? @Marc_Fagel? How many entrepreneurs you promoted at the SEC did call you their friend?!

Leerzeit
Posted - November 9, 2023 at 10:02 PM
Saved - November 9, 2023 at 10:19 PM
reSee.it AI Summary
The conversation discusses the SEC's rejection of a Bitcoin spot ETF due to concerns about market manipulation. The founder's alleged disguise of major Ethereum investors is mentioned as a potential issue. The SEC's criteria include the distribution of holdings and the prevention of asset manipulation. The conversation suggests that the SEC will need to address this matter internally or deny its relevance.

@Leerzeit - Mr. Huber🔥🦅🔥

The @SECGov didn't approve the Bitcoin spot ETF because of potential market manipulation. I can't imagine any SEC chair ever just ignoring the founder disguising all major investors in Ethereum so people are not scared. Black rock can file whatever they want but they won't get around this one 👇🏻

Video Transcript AI Summary
There is a question about whether there will be a limit on the amount that someone can invest in Ethereum.
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Speaker 0: Is will there be a limit on the amount that a person could invest in Ethereum? A person can

@tier10k - db

BLACKROCK ETH ETF CONFIRMED IN NASDAQ FILING Source: DB | Coins: ETH

@PaulBea66931188 - Cryptolorian🇵🇱 $KAS $TAO $DMTR

@Leerzeit @SECGov Can u clarify what you’re saying here?

@Leerzeit - Mr. Huber🔥🦅🔥

@PaulBea66931188 @SECGov The distribution of holdings and the ability to not manipulate the asset are criterias for the SEC in the process. They have to somehow face this video and argue at least internally why this fraud doesn't matter, or deny it.

Leerzeit
Posted - November 9, 2023 at 6:16 PM
Saved - November 9, 2023 at 7:27 PM

@Leerzeit - Mr. Huber🔥🦅🔥

🤯 GENSLERS very first lecture at @MIT . Why did we never post this?! He basically states that he's more kind of an Ethereum maximalist than Bitcoin maxi and that the main reason @Ripple isn't more widely adopted is the lack of regulatory clarity. 🤩 https://t.co/X4wpQF6pk4

Video Transcript AI Summary
In this video, the speaker, who has a finance background, discusses the importance of combining computer science, markets, law, and social norms when it comes to blockchain technology. They mention the lack of a widespread enterprise solution for blockchain-based payments and emphasize the significance of public policy. The speaker also mentions their own stance on Bitcoin and smart contracts, stating that they lean towards being a minimalist. They mention another person, Larry, who may have a more maximalist view. The speaker acknowledges that their perspective may change based on the discussions and teachings in the class. They briefly touch on permissioned and permissionless blockchain systems and mention a startup that is working on a permission system.
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Speaker 0: Is is is a former finance sort of type my whole life. There's gonna be a bunch of computer science people in the class. We're gonna hook and you up together with the folks from the Media Lab and CCELL and that's why we are gonna go through hash functions and go through asymmetric cryptography and so forth. From a business perspective, markets matter. Why is it that incumbents or startups are are not doing this and that? Why is it 10 years in and nobody's got an enterprise wide solution yet to payments that use Blockchain. The law matters. The public policy side manners. And the 4th of Larry's layout, social norms. That's a little harder for me to teach. That's not what this class is about. But it also affects all this. It's not just the technology, the markets, and the law. So it's not just a 3 legged stool it's kind of a 4 legged stool. How did I do Larry? I really didn't know Larry was gonna be here. So, but I wanted to give you a framework for how your faculty member thinks and we'll be on this journey together. A range of perspectives. We're not going to be a Bitcoin minimalist or maximalist. I'm probably, to be self disclosed here, a little bit center minimalist on Bitcoin. Things. Smart contract, minimalist, maximalist, I'm probably pretty center. Larry's probably a little bit center maximalist, I'm guessing. I'm hoping I can But you are going to teach me whether I can. Oh, oh, so you are still center minimalist? Smart contracts. And then blockchain maximalist or minimalist. I'd say a few weeks ago I was kind of center maximalist, then I'm sort of skidding back to the middle. Permissioned Blockchain, I'm a little bit more and there's some in here. Alon One of your Sloan cohort that you might know, 6 months ago when we met was working on a permissionless system and now you're working on a permission system. You have a start up. That is correct. Yeah. Because like you you bounce
Leerzeit
Posted - November 9, 2023 at 7:00 PM
Saved - November 9, 2023 at 7:13 PM

@Leerzeit - Mr. Huber🔥🦅🔥

The Securities and Exchange Commission of the United States of America is the most corrupt financial regulator in the entire Western world. https://t.co/C0pjLUwzKH

Video Transcript AI Summary
Technology is important, so let's discuss hash functions and asymmetric cryptography from a business perspective. Digital currency has been around for a while, starting with the telegraph in the 19th century.
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Speaker 0: Technology really, really matters. And that's why we are gonna go through hash functions and go through asymmetric cryptography and so forth from a business perspective? We've had digital currency for a long time, you know. I mean, in essence, the first digital currency was In the 19th century, when the telegraph started, we've had to

@Leerzeit - Mr. Huber🔥🦅🔥

Just look at his change of voice. https://t.co/5f0Jp2AG6e

Leerzeit
Posted - November 9, 2023 at 2:00 PM
Saved - November 9, 2023 at 2:13 PM
reSee.it AI Summary
Incredible how @MattCorva and @ethereumJoseph deceive! @ConsenSys's defense in NY is baseless. Their spokesperson claims "frivolous claims against ConsenSys Mesh in a Swiss court" but Plaintiffs won in Swiss Supreme Court. Lies upon lies!

@Leerzeit - Mr. Huber🔥🦅🔥

I JUST CAN'T believe how @MattCorva and @ethereumJoseph can be so brazen liars and fraudsters. It's amazing. Look how @ConsenSys tried to defend their case in New York. Their spokesperson states ""After two years of getting nowhere with their frivolous claims against ConsenSys Mesh in a Swiss court" - yet Plaintiffs even won in Swiss Supreme Court. Lies over lies over lies!

Leerzeit
Posted - November 8, 2023 at 6:40 PM
Saved - November 8, 2023 at 6:58 PM
reSee.it AI Summary
Shana Madoff's husband, an SEC lawyer, was accused of dropping the Madoff investigation due to clumsiness, not corruption. However, another user argued that he had no involvement in the investigation. The conversation ended with a mention of Shana's connection to the SEC examination missed by her husband.

@Leerzeit - Mr. Huber🔥🦅🔥

That is, Shana Madoff's husband, the SEC lawyer who dropped the investigation into Madoff, did so because he was very clumsy, not because he was corrupt? https://t.co/uFH6eyQHd6

@Marc_Fagel - Marc Fagel

@Leerzeit @SECGov Nobody "supported" Madoff. There was an undeniable failure to detect a fraudulent scheme.

@Marc_Fagel - Marc Fagel

@Leerzeit Correct. He was not an enforcement lawyer and he didn't drop any investigation. The public record of this matter is vast and you're free to draw your own conclusions.

@Leerzeit - Mr. Huber🔥🦅🔥

@Marc_Fagel yeah he didn't stopp the investigation, he just generously overlooked the fraud and let the investigation peter out.

@Marc_Fagel - Marc Fagel

@Leerzeit He had nothing to do with any investigation of Madoff. And he had no involvement in any Madoff matter once he was in that relationship. Sorry, you don't get to make up your own facts.

@Leerzeit - Mr. Huber🔥🦅🔥

"Swanson met Shana Madoff originally when he was conducting an inadequate SEC examination of whether Bernie Madoff's firm was front running customer trades from the market making unit—completely missing the multi-billion dollar Ponzi scheme that Shana's own cousins (Bernie's sons) would expose to the SEC in December 2008."

Leerzeit
Posted - November 8, 2023 at 5:10 PM
Saved - November 8, 2023 at 5:16 PM
reSee.it AI Summary
ConsenSys and Ethereum's sale to JPMorgan for $46 million raises concerns about fraud and compliance with the SEC. Lubin's past claims of massive developer and company adoption on Ethereum, along with his criticism of EOS, now seem questionable. How is ConsenSys the only SEC-compliant crypto company?

@Leerzeit - Mr. Huber🔥🦅🔥

What a freaking obvious fraud @ConsenSys and @ethereumJoseph are. Imagine talking about having hundreds of thousands of developers, ten thousands of companies and banks using your infrastructure only to sell it for 46 million dollar to JPMorgan. Defrauding all investors. How is this @SECGov compliant? @Marc_Fagel

@Leerzeit - Mr. Huber🔥🦅🔥

Almost half a decade ago in 2019: Lubin claims that just four years after the launch of the Ethereum platform, SEVERAL HUNDERTS OF THOUSANDS of developers, TENS OF THOUSANDS of companies and THOUSANDS of banks are already building on Ethereum.😂 Then once again, he can't resist taking aim at competitor EOS and claiming fraudulent projects are using its ecosystem. At this point Lubin already knows that EOS is under investigation (he advised the SEC on enforcement). A short time later, the SEC will also file the lawsuit and Lubin will laugh at a conference that no project would ever get the same status from the @SECGov as Ethereum.

Video Transcript AI Summary
There is a growing interest in using technology like Ethereum among corporations. With over 200,000 developers and tens of thousands of companies already involved, the technology is being adopted in various industries such as journalism, music, and supply chain. Companies are easily drawn to Ethereum and fabric technology for their private implementations. While the EO's project attracts some attention, the Ethereum ecosystem is far more popular and influential.
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Speaker 0: Circumvent KYC, AML, OFAC compliance, all these things. And once they get comfortable, they're like, oh, okay. Speaker 1: Joe, I'd like to ask the same question about ether. How do you get corporations interested and excited and comfortable with using a technology like this? Speaker 2: So it's happening. I mean, there are At least more than 200,000 developers. We think the the number is quite a bit higher. And, on the public side of the ecosystem. There are tens of thousands of companies that are either building out in the public infrastructure? Either building games or building in the journalism industry or building in the music industry including our company. Many other industries supply chain is is being heavily used. We commodity trade finance, cross interbank cross border payments. We Don't really have to push too hard to, interest companies in taking a look at the technology. There are essentially 2 major platforms that, when corporations want to build, they are going to either the fabric technology or the Ethereum technology for their private permissioned implementations. And, There are many thousands of those that are either going on or are about to be going on very soon. If you're interested in building, in the public infrastructure, so the EO's project is drawing some not very good technologists and not very good projects to it. But, really, by orders of magnitude, the Ethereum ecosystem is is drawing all that attention? Speaker 1: So I would like to open up the floor

@Leerzeit - Mr. Huber🔥🦅🔥

Actually: How is it possible that this is the only SEC compliant crypto company?!

Leerzeit
Posted - November 8, 2023 at 4:29 PM
Saved - November 8, 2023 at 5:06 PM
reSee.it AI Summary
In a revealing video, Gensler admits surrendering 50% ownership to banks to avoid competition in the "regulatory back office." Lubin boasts of JPMorgan's early involvement in Ethereum, while urging major investors to hide their identities. These statements are not AI-generated, but rather genuine remarks.

@Leerzeit - Mr. Huber🔥🦅🔥

When I show people in the real world this video in which Gensler talks about having to give up 50% of ownership to the banks to avoid ending up as a competitor in the "regulatory back office", they ask if that's not AI-generated. No, Gensler actually said that, just like Lubin brags about JPMorgan being in Ethereum before it was even developed, and just like he calls for the disguise of all major investors so that people are not scared.

@Leerzeit - Mr. Huber🔥🦅🔥

But be aware it's just a conspiracy. https://t.co/WJe8FUATOL

Video Transcript AI Summary
Commercial banks may not be enthusiastic about the idea, but there is a possibility that ownership may need to be shared with 20 banks. JPMorgan has been involved with Ethereum since its inception. There might be limits on the amount individuals can invest in Ethereum, but they can buy from different identities to maintain privacy. The SEC is now well-prepared and would shut down sales structures like BEO sale before they even start.
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Speaker 0: A lot of Speaker 1: commercial banks aren't terribly excited about that. Maybe you're going to have to give some ownership. Maybe you'll have to give 50% of your ownership to the 20 banks that are now, you know, part of this. Speaker 2: Maybe you're gonna have to give some ownership. Maybe you'll have to give 50% of your ownership to the 20 banks that are now, you know, part of this. Speaker 3: The consensus has been, very prominent since the start of the Ethereum ecosystem. I I can attest that JPMorgan was there, right from the start, before, Public Mainnet was even launched. Speaker 4: I can attest that JPMorgan was there, right from the start, before, public name that was even launched. 50% of your ownership. Speaker 1: Yes. Will there be a limit on the amount that a person could invest in Ethereum? Speaker 0: A person can Can you buy, from any number of different identities? We may limit the size of the unit size of the sale, Just to make it easier to disguise. Let's say if you're a whale and you want some privacy, you can buy, 50,000 units. Just just, so so nobody scares people with the with the net in the So if you are well, if you want to planning on investing several million US dollars, Then you can do that in, multiple identities. We will, Ask for real world entities in front of, email addresses so that we can make sure that everything works smoothly for the way to the process. But we won't be required. So we can create, pieces to balance Speaker 5: The SEC is tooled up now and very aware. Today it would shut down a sales structure like BEO sale before it was able to turn on its 1st billboard in Times Square.
Leerzeit
Posted - November 8, 2023 at 4:19 PM
Saved - November 8, 2023 at 5:01 PM

@Leerzeit - Mr. Huber🔥🦅🔥

But be aware it's just a conspiracy. https://t.co/WJe8FUATOL

Video Transcript AI Summary
Commercial banks may not be enthusiastic about the idea, but there is a possibility that they may need to give up 50% ownership to the 20 banks involved. JPMorgan has been involved with Ethereum since its inception. There may be limits on the amount individuals can invest, but they can buy from different identities to maintain privacy. The SEC is now well-prepared and would shut down a sales structure like BEO sale before it even starts advertising.
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Speaker 0: A lot of Speaker 1: commercial banks aren't terribly excited about that. Maybe you're going to have to give some ownership. Maybe you'll have to give 50% of your ownership to the 20 banks that are now, you know, part of this. Speaker 2: Maybe you're gonna have to give some ownership. Maybe you'll have to give 50% of your ownership to the 20 banks that are now, you know, part of this. Speaker 3: The consensus has been, very prominent since the start of the Ethereum ecosystem. I I can attest that JPMorgan was there, right from the start, before, Public Mainnet was even launched. Speaker 4: I can attest that JPMorgan was there, right from the start, before, public name that was even launched. 50% of your ownership. Speaker 1: Yes. Will there be a limit on the amount that a person could invest in Ethereum? Speaker 0: A person can Can you buy, from any number of different identities? We may limit the size of the unit size of the sale, Just to make it easier to disguise. Let's say if you're a whale and you want some privacy, you can buy, 50,000 units. Just just, so so nobody scares people with the with the net in the So if you are well, if you want to planning on investing several million US dollars, Then you can do that in, multiple identities. We will, Ask for real world entities in front of, email addresses so that we can make sure that everything works smoothly for the way to the process. But we won't be required. So we can create, pieces to balance Speaker 5: The SEC is tooled up now and very aware. Today it would shut down a sales structure like BEO sale before it was able to turn on its 1st billboard in Times Square.

@StraqAttaq - Matthias

@Leerzeit @cowboycrypto313 @NerdNationUnbox any chance you guys saved the Gensler MIT lecture where he teaches his students about larger legacy players using regulators to extort new players? Watching the series and having to listen to Gary’s voice is f’ing brutal haha!

Leerzeit
Posted - November 7, 2023 at 8:12 AM
Saved - November 7, 2023 at 7:19 PM

@Leerzeit - Mr. Huber🔥🦅🔥

How would the public respond to discovering a long-existing video of @SBF_FTX advising major FTT investors to disguise their involvement to not scare people? Like Joseph Lubin did. Consider the outrage if an analogous video of Madoff emerged, directing his principal investors to do the same with Madoff Securities to prevent fear. And what if the SEC has known about these tactics for years without taking action?

Leerzeit
Posted - November 7, 2023 at 11:29 AM
Saved - November 7, 2023 at 1:04 PM
reSee.it AI Summary
Why are fraudulent projects like Wirecard and ConsenSys backed by government agencies? It's not just corruption. Intelligence agencies need to launder profits from secret activities. Shady companies like Wirecard and ConsenSys help with money laundering. The German stock exchange authority covered up Wirecard, and questions remain unanswered. Similar questions may arise about ConsenSys and Lubin. Corrupt financial institutions are crucial for laundering large sums for secret services.

@Leerzeit - Mr. Huber🔥🦅🔥

Why are obvious fraudulent projects like Wirecard, ConsenSys or Ethereum occasionally officially covered up and backed by government agencies? The matter is more complex than mere bribery. Accepting a bribe and doing something directly in return requires not only corrupt intent, but also a certain degree of stupidity (or arrogance). But let me explain: ConsenSys is very similar to Wirecard in this respect. Both companies were demonstrably backed by the government. But was it just corruption? Let's say you are a senior government official. One day, another high ranking official - a senior secretary of state approaches you. She/He tells you that it is important for national security not to scrutinize or to even support company X. Because they work on some top secret projects with the Pentagon, CIA, NSA you name it. What would you do? Yeah it's no conspiracy: Intelligence agencies do secret things and really have revenue from seized assets and other activities that they cannot make transparent. Yes they really do sectret staff because they are an intelligence agency! Imagine! An intelligence cannot officially make profits because the whole world would ask how the hell did the CIA made profit. These profits have to be laundered. And the best way to do this is via shady companies, shell companies and techniques such as Wirecard, ConsenSys or Ethereum. The fraud and money laundering using government agencies works until it doesn't. And then everyone acts surprised.

@Leerzeit - Mr. Huber🔥🦅🔥

Sooo many questions! Why did the German stock exchange supervisory authority cover up and support Wirecard? Why has this question remained unanswered to this day? How has Marsalek been able to remain in hiding to this day, despite an international arrest warrant? People will one day ask the same questions about ConsenSys and Lubin.

@Leerzeit - Mr. Huber🔥🦅🔥

How do you wash dozens of millions or billions as a secret service? You can't launder that amount of money with a laundromat or nail salon. You need corrupt, fraudulent financial institutions like ConsenSys or Wirecard for that.

Leerzeit
Posted - November 7, 2023 at 11:05 AM
Saved - November 7, 2023 at 12:52 PM
reSee.it AI Summary
Mr. Fagel's discomfort with the SEC's policy on Ethereum raises questions. While he views cryptos like XRP as securities, he struggles to classify the clearly fraudulent Ethereum ICO as such. The issue lies in the ICO resembling a product pre-sale, but the failure to honor the terms turned it into an illegal securities offering. It's puzzling how Mr. Fagel doubts Ethereum's fraud while labeling XRP buyers as naive. Perhaps his discomfort stems from the SEC's leniency towards Ethereum due to alleged bribery.

@Leerzeit - Mr. Huber🔥🦅🔥

Mr. Fagel doesn't want to answer this question.@StevenNerayoff The SEC policy on Ethereum makes him feel uncomfortable. Although Marc says that cryptos are securities from his point of view, especially SEC nemesis XRP, which Fagel always saw as the epitome of a security, he somehow finds it very difficult to qualify the obviously fraudulent Ethereum ICO as a securities offering. The reason for this is according to him, that the Ethereum ICO can hardly be distinguished from a product pre-sale. Your point @StevenNerayoff is that, on the basis of the "product purchase agreement", Ethereum was just a "product" that could be bought for consumer proposes. BUT because the terms of that "product purchase contract" were not honored by the contractors by for example Lubin calling to disguise all major holders of the "product" so that people are not scarde by "enourmeous concentration of products" - the "product purchase" became an illegal securities offering. It baffles me how you, @Marc_Fagel, take the side of doubt in the face of the obvious fraud that is Ethereum but then portray us XRP buyers as "naive crypto bros" who bought into an obviously illegal security. We XRPHolders! Of all crypto-people who even got justice in court! Why is that? Why are you such a doubter when it comes to Ethereum? It's because Ethereum makes you uncomfortable because the only reason that allows you to publicly doubt its security status is the SEC giving it a free pass because of bribery.

@Marc_Fagel - Marc Fagel

@StevenNerayoff @Leerzeit Sorry, I don’t follow. Are you asking whether a seller of securities could inadvertently engage in a securities offering?

Leerzeit
Posted - November 5, 2023 at 6:33 PM
Saved - November 6, 2023 at 7:52 PM
reSee.it AI Summary
A user questions the SEC's decision to pursue Ripple instead of Ethereum, citing an investment contract. Another user hints at lawyers' involvement in creating the agreement, suggesting more to the story.

@Leerzeit - Mr. Huber🔥🦅🔥

Isn't it funny that with Ethereum there was an actual written Investment contract, but the SEC decided to set that one aside and pursue the losing path with @Ripple? @Marc_Fagel https://t.co/VImPx3BSAG

@StevenNerayoff - Steven Nerayoff

@Leerzeit @Ripple Ok this is the tip of the tip of the iceberg. I have all the docs & correspondence with the lawyers. Wait, did the lawyers create this agreement or did someone else? Hmmm 🤔

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