TruthArchive.ai - Tweets Saved By @digitalassetbuy
reSee.it AI Summary
The posts discuss the manipulation of Bitcoin and gold prices, suggesting that the western system, COMEX, and LBMA are involved in a scam. The author questions what else might be suppressed and claims that the futures market controls the price of commodities.
@digitalassetbuy - Digital Asset Investor
🚨🚨Pump Bitcoin/Suppress Gold Until The Reset🚨🚨Watch it before it's censored!🚨🚨 Wonder what else they are suppressing? "You will see the western system, the COMEX and the LBMA exposed for what it is...it is a scam if you will where the market the futures market is controlling the price of the underlying commodity and it's not right."
Video Transcript AI Summary
The speaker emphasizes the importance of the shift in commodity pricing towards transparency. They predict the exposure of Western exchanges like COMEX and LBMA as scams, controlled by futures markets. The rise of new currencies and exchanges like Moscow, Shanghai, and Dubai will lead to fairer price formation. China's acquisition of the London Metal Exchange and plans for a Bricks Grain Exchange show a strategic move towards independence from Western influence in commodity pricing. The process is gradual but aims for mass adoption in the future.
Full Transcript
Speaker 0: And this to me is the most important thing, to take away from, I think, what's going on with the bricks, what's going on with the new currency, what's going on with their accumulation of gold because it will, just like Zoltan Pozier said, we're in entering into a system of commodities and transparency. So but here's what they had to say, and and this is why I've been saying for the last 2 years that you will see the western system, the COMEX and the LBMA exposed for what it is. And it is a scam, if you will, where where the market where the the futures market is controlling the price of the underlying commodity, and it's not right. So let price formation with this new currency should get rid of the western exchanges of commodities. Here enters the the, Moscow exchange for metals.
Here enters the Shanghai Gold Exchange. Here enters the exchange in Dubai where these are the the I believe will be the epicenters for commodity pricing. Now it's also fair to note 2 other things. 1, the Chinese bought the LME, the London Metal Exchange about 3, 4 years ago, and the LME is largely a base metal exchange. They do some precious metals, but mostly copper, zinc, lead, you know, steel, aluminum, all of that kind of stuff.
And they just said they're gonna start warehousing in China the metals that are traded on the LME. So it's precious metals, it's base metals, and they just came out the other day and said they are going to issue now the Bricks Grain Exchange because all of the prices are primarily determined by the Chicago commodity exchange. So what they are doing and think of mass adoption, Think of doing things methodically. Think of doing things the right way before you pull the trigger little by little by little then bang all at once.
@digitalassetbuy - Digital Asset Investor
German financial media covering XRP. Remember when @BKBrianKelly @cnbc showed how to buy XRP in 2018? Who made the call for them to go dark on XRP? Whoever controls CNBC doesn't control the honest German media. https://t.co/kxiYQ6IOSh
Video Transcript AI Summary
Bei XRP warten wir auf Entscheidungen, die Geduld erfordern. Am 22. März könnte Ripple XRP mit einem wichtigen Feature voranbringen. Die SEC gibt Feedback, was möglicherweise zu positiven Entwicklungen führen könnte. Derzeit tut sich nicht viel, aber Geduld ist wichtig. XRP könnte gegenüber anderen Kryptowährungen aufholen.
Translation:
At XRP, we are waiting for decisions that require patience. On March 22nd, Ripple could propel XRP forward with an important feature. The SEC will provide feedback, which could lead to positive developments. Currently, not much is happening, but patience is key. XRP could catch up to other cryptocurrencies.
Full Transcript
Speaker 0: Bei XRP warten wir auch nach wie vor noch auf Entscheidungen. Entscheidungen, die einiges an Geduld herausfordern. Weil
Speaker 1: XRP ist auch eine eigene Welt unter der großen Überschrift XRP Army. Finanzbranche ist 'n bisschen vom Rest. Für für diejenigen, die sich mit XRP auseinandersetzen, intensiver auseinandersetzen, sei gesagt, am zweiundzwanzigsten Dritten, also am kommenden Freitag, ist der 'n ganz wichtiges Feature, dass Ripple XRP eine neue Dimension hinein katapultieren kann am Start. Wichtig ist dieses Datum auch vor diesem Hintergrund. Wir hatten ja gesagt, dass die FCC bei Ripple angefragt hat, wie waren eure?
Darauf aufsetzten eventuell ein Strafmaß festzulegen, weil die waren ja Security Sales und die sind damals nicht entsprechend deklariert worden. Das heißt, die SEC gibt am zweiundzwanzigsten Dritten ein erstes Feedback. Einen Monat später läuft dann die Frist von Ripple aus, ein Feedback zu geben. Und einen Monat später dann wiederum die Frist für die SEC. Und das könnte möglicherweise im positiven Sinne der die entsprechende Explosionen nach oben geben.
Also im Moment tut sich nicht viel. Man man muss davon ausgehen und hoffen, dass er nicht unter die sechzig US entfällt. Wir hatten letzten Montag von morgens früh, von nachts von morgens früh fünf, glaub ich, bis bis nachts zwölf hatten wir innerhalb weniger Stunden mal dreißig Prozent. Das ist diese Spitze hier. Da hab ich schon gedacht, okay, jetzt kann ich mich mit 'ner breiten Brust am kommenden Montag hier hinstellen, aber es ist dann auch wieder zurückgekommen.
Und auch hier gilt, wie immer gesagt, Geduld hier in diesem Bereich. Es kann durchaus noch 'n bisschen hin- und hergehen, bevor es dann vor dem Hintergrund auch solcher Entwicklungen nach oben gehen kann und XRP auch gegenüber den anderen beiden hier aufholt.
@digitalassetbuy - Digital Asset Investor.XRP
The second I saw these words I knew the perfect ending for it. @maxkeiser PS Homeland Security met with the "Four Satoshis". We have the video when you're ready to be honest with yourself about what Bitcoin really is(or do you already know?/Maybe they told you at Russia Today) https://t.co/AFqFn0TnnQ
Video Transcript AI Summary
Bitcoin is the speaker's sole focus, as they believe it can do everything other cryptocurrencies can. They mention how Bitcoin has absorbed other coins and will continue to do so. The second speaker expresses excitement about their political campaign, listing various states they plan to visit and their goal of winning the White House.
Full Transcript
Speaker 0: You're you're just in Bitcoin. Right? You're you don't touch Ethereum, Ripple, any of these others? No. No.
Because there's nothing any of those coins can do that Bitcoin can't do now or will be able to do soon. In there was a period where the development of Bitcoin was too slow in the minds of some. So people like Roger Ver and others decided to fork Bitcoin and create what they consider to be the true Bitcoin. But but now Bitcoin is cannibalizing those coins. It's eating their lunch.
They're like, it's just like a monster. It's like a black hole. Everything is going to be gobbled up into Bitcoin, can all the other altcoins, all fiat coins. That's how the strength of their weakness is what drives this thing to a100000
Speaker 1: You know something? You know something? If you had told us 1 year ago that we were gonna come in 3rd in Iowa, we would've given anything for that. And you know something? You know something?
Not only are we going to New Hampshire, Tom Harkin, we're going to South Carolina guys. And Oklahoma and Arizona and North Dakota and New Mexico. And we go to California and Texas and New York. And we go to South South Dakota and Oregon and Washington and Michigan, and then we're going to Washington DC to take back the White House.
@digitalassetbuy - Digital Asset Investor.XRP
Hey @StevenNerayoff @laurashin can correct the record on this for you. She wrote a book and even said she had found out who the hacker was. Has she invited you on to clear this up yet? After all she's a crypto "journalist". Surely she is fascinated by your findings. Here is her article on it: https://www.forbes.com/sites/laurashin/2022/02/22/exclusive-austrian-programmer-and-ex-crypto-ceo-likely-stole-11-billion-of-ether/?sh=6fe450667f58
Exclusive: Austrian Programmer And Ex Crypto CEO Likely Stole $11 Billion Of Ether
Who hacked The DAO in 2016, diverting 3.6 million ether? We identify the apparent hacker — he denies it — by following a complicated trail of crypto transactions and using a previously undisclosed privacy-cracking forensics tool.
forbes.com
reSee.it AI Summary
Post 1: There's a bombshell coming! People involved might have had insider information and traded on it. Spread the word! I found out who was shorting XRP.
Post 2: Kyle Samani reveals that Chris Dixon from a16z was a Limited Partner in Multicoin Capital, the firm that bashed Ripple and predicted the SEC lawsuit. This effectively means they were shorting XRP.
Post 3:
@digitalassetbuy - Digital Asset Investor.XRP
🚨🚨BOMBSHELL INCOMING🚨🚨 WHAT INFORMATION DID THOSE INVOLVED HAVE THAT THE PUBLIC DID NOT? DID THEY TRADE WITH THAT INFORMATION? 🚨RETWEET EVERYWHERE!!!!!!!🚨 @JohnEDeaton1 👀👀👀Just Found Who Was Shorting XRP👀👀👀 https://t.co/yII6n4o00w
Video Transcript AI Summary
Andreessen Horowitz, a leading Silicon Valley venture capital firm, has opened a $300 million cryptocurrency fund, becoming the first major VC firm to do so. This move is seen as positive for the ecosystem, providing more competition and making it easier for institutional investors to enter the crypto space. In terms of investments, the speaker mentions being fully deployed but not fully long, with a few shorts open on Ripple and Litecoin. Litecoin is criticized for lacking a reason to exist, while Ripple is believed to be a security and may face challenges if labeled as such by the SEC, as most crypto exchanges are not SEC registered.
Full Transcript
Speaker 0: There was some other news this week too. We have Andreessen Horowitz, one of the leading Silicon Valley venture capital firms, opening their first cryptocurrency fund. $300,000,000 they put into it. It's the 1st major VC firm to open a crypto fund. You also have a crypto hedge fund.
I mean, does this industry need more competition in the fund world? Does this make make it harder for you to raise money?
Speaker 1: I think it's a super good thing for the ecosystem. Chris Dixon, who's one of the GPs there, and I think Katie Hahn's the other. Chris is an LP in our fund in Multi Coin. So know them for a while. Overall, it's a great thing for the ecosystem.
A lot of you know, we're talking to a lot of endowments today who are looking at the crypto ecosystem, And there's just a real challenge for them and kind of career risk because it's unknown space, a lot of unknown fund managers, and being able to take a top tier firm with a, you know, well, very well known general partner there who's been there for 5 or 6 years now. And to kind of launch a dedicated vehicle, it's a very good way for existing institutional LPs to be able to invest in crypto through a known entity or a known vehicle. So I think it's kind of the trickle of opening the floodgates of institutional capital is It's starting to come in through, Chris and Katie's new fund.
Speaker 0: Tell us
Speaker 1: Which claims are you shorting? We were definitely very long biased, and it is our general bias is to be fully deployed or fully deployed. And that's where we're gonna be. We are not fully deployed at the moment, and we are not fully long right now. We have a few shorts open.
That's largely a reflection of market cycle and then a few idiosyncratic views about certain assets. So right now we have, for example, shorts open on Ripple and Litecoin. Like Litecoin, in my view, has no reason to exist. It was a fork of Bitcoin. It's just been sitting around.
It's a harsh assessment. The only investment thesis I've ever heard for Litecoin is it's a testnet for Bitcoin, but that's not an investment thesis. And so, You know, it it trades. It's got a 2, 3, 4,000,000,000 market cap, whatever the number is. But it doesn't really have a reason to exist.
It's it's more risky than than Bitcoin just kind of structurally in terms of brand and and everything else. When we look at Ripple, you know, Ripple just they keep selling into the market, Based on kind of the SEC's guidance from a couple weeks ago about Ether being not a not being a security, it's quite clear to us that e that, Ripple is a security. We don't know when that news is going to drop, but, like, catalysts seem to have kind of gone gone away from Ripple. And, We we we have very high conviction that it is a security. And so as kind of the system plays out over time, we think that short will, will, you you know, delivering crediting returns.
Speaker 0: So the security label is kind of a designation that kind of dooms this cryptocurrency? I think it's kind of a fatal designation?
Speaker 1: So So so the challenge with being labeled security in the space formally is that not a single crypto exchange not a single exchange in the world today that trades crypto is a SEC registered exchange. You go to the SEC's website and look at exchanges, SEC certified exchanges. There's like 10 or 12 of them. It's NASDAQ and YSE, CFTC, Excuse me. The, Cboe.
Right? A bunch of them are pursuing financial regulations that'll allow them to do that. And
Speaker 0: some have broker dealer licenses like Coinbase and, some others.
Speaker 1: Right. So Coinbase has got an has got, an ATS now. They got a broker dealer license. But there's still that's a long way away from being an SEC, registered exchange. And And that's a multiyear process, and that's well known to be a super, super difficult thing to do.
And so my point is is that if Ripple is labeled a security formula by the SEC, All the crypto exchanges are going to stop trading Ripple because they are not SEC certified exchanges, SEC registered exchanges. And so if that happens, liquidity is going to dry up on XRP enterprise, we will plummet. But we'll just have to see how the coins fall.
@digitalassetbuy - Digital Asset Investor.XRP
Kyle Samani, Managing Partner at Multicoin Capital 12/13/18 Chris Dixon / @a16z was a Limited Partner in Multicoin Capital. This is Tushar Jain's firm. He's the guy who was bashing @ripple and "had a hunch" the SEC would sue them. @a16z was effectively shorting XRP. 🚨🚨
@digitalassetbuy - Digital Asset Investor.XRP
How did they know to pick XRP to short? Why XRP? There were thousands of digital assets that had been created. How did these guys know to short XRP?
reSee.it AI Summary
The SEC has expanded the list of individuals who have had discussions with them. This includes Joseph Lubin from Consensys, Aaron Kaplan from Prometheum, SBF from FTX, and Bitcoin Maxis. There are questions about the source of FTX's funds.
@digitalassetbuy - Digital Asset Investor.XRP
The list of people that have been able to "come in and talk" to this SEC has now grown: 1. Joseph Lubin/Consensys/Ethereum/Wangxiang(Disguised Whales🇨🇳🇨🇳🇨🇳🇨🇳) 2. Aaron Kaplan/Prometheum/Wanxiang🇨🇳🇨🇳🇨🇳🇨🇳 3.SBF/FTX(Where Did the money come from?) 4.Bitcoin Maxis(Homeland Security Met with The Four Satoshis and talked about it with SEC officials in the room) Anyone smell a 🐀🐀🐀🐀🐀🐀🐀🐀🐀🐀?
@digitalassetbuy - Digital Asset Investor.XRP
Is this why you guys won't subpoena Gary Gensler or call for an investigation of ETHGATE??? @PatrickMcHenry @GOPMajorityWhip @WarrenDavidson ???
@digitalassetbuy - Digital Asset Investor.XRP
I've seen this crypto market manipulation movie many times. Think ETHGATE. I'll be dimes to donuts the SOL moves have EVERYTHING to do with FTX. Be careful out there. The usual suspects are out there pump pump pumping. https://t.co/1OZ1PvfWFV
Video Transcript AI Summary
The speaker discusses an underrated token that faced bad PR but has made progress in resolving its issues. They believe that testing the limits helps identify weaknesses, and Solana has done that successfully. They express a wish for earlier resolution of validator issues. Another speaker mentions FTX and Alameda holding a percentage of Solana supply, which has been decreasing. They speculate on the impact of their potential selling on Solana's future performance. Overall, there has been sell pressure and challenges with the chain.
Full Transcript
Speaker 0: The underrated token right now. Most underrated token right now. Okay. I'm gonna give a non investment advice, blah blah blah. At least as of a month ago, I think the answer, in some sense, was hold on.
I'm not sure again. But basically, just because I think it had, like, a lot of bad PR over a short period of time. I think it sort of deserves that, to be clear. Like, it it went like, technologically, it had a lot of shit to work through. But I think it has sort of already worked through like 2 thirds of that.
I think it will get through the other 3rd. And I think that, like, the thing that people were missing about it was that Anytime you test the limits of what's possible, that's when you figure out what breaks. Any blockchain would've broken if they tried to do what Solana had done. And this was a way for it to figure out what needed to be refined and what needed to be improved. So I I think it's sort of like, you know, I I would've wished that sort of like It had been the validator.
You know, issues had been resolved earlier. Like, that would have been much better.
Speaker 1: FTX and Alameda are going through bankruptcy and hold 8 to 10% of the total Solana supply. Will they be forced to sell it? And how seriously could this affect Sol's ability to fly in the next bull run? But this is the amount that they have today from the numbers that I have. And according to a report from The Block Pro, Alameda Research still holds 6.1%.
That's FTX and Alameda of the total supply as of Feb 2023. They've been unloading. So December, 2021, they had 9%. Feb 2022, they had 7%. Now they only have 6%, And that doesn't represent a lot of the daily volume.
I do believe the market could consume it as well. So, again, sell pressure. You know, there was a lot of self pressure. There's a lot of crap went down with that particular chain.
reSee.it AI Summary
It is disappointing to see that none of the 435 Representatives or 100 Senators have called for a truth and reconciliation commission into the crimes of Jeffrey Epstein. Shame on all of them for not taking action. @PatrickMcHenry @GOPMajorityWhip @SenWarren @WarrenDavidson @ByronDonalds @Jim_Jordan @RepMTG @RepMattGaetz @SenTedCruz @Sen_JoeManchin @SenWhitehouse @SenBlumenthal @SenBobCasey @SenatorShaheen @SenAngusKing @SenCortezMasto @ChrisVanHollen @SenatorWarnock
@digitalassetbuy - Digital Asset Investor.XRP
Where have all the good guys gone? Is the US a country of self-centered cowards now? Are there any heroes left? https://epsteinjustice.com 435 Representatives 100 Senators NOT ONE HAS CALLED FOR A TRUTH AND RECONCILIATION COMMISSION INTO THE CRIMES OF JEFFREY EPSTEIN. SHAME ON YOU ALL! @PatrickMcHenry @GOPMajorityWhip @SenWarren @WarrenDavidson @ByronDonalds @Jim_Jordan @RepMTG @RepMattGaetz @SenTedCruz @Sen_JoeManchin @SenWhitehouse @SenBlumenthal @SenBobCasey @SenatorShaheen @SenAngusKing @SenCortezMasto @ChrisVanHollen @SenatorWarnock
Video Transcript AI Summary
There are 535 federal legislators in the US, including representatives and senators. Surprisingly, not a single one, regardless of their political party, has called for a truth and reconciliation commission to investigate the crimes of Jeffrey Epstein. This is quite astonishing, as it means that all our federal legislators are willing to overlook this issue.
Full Transcript
Speaker 0: We've got 435 representatives, and we've got a 100 senators. I'm not aware of any representatives. I'm not aware of any senators that have called for a truth and reconciliation commission into the crimes of Jeffrey Epstein. 535 federal legislators, not a single one, regardless if they're republican or democrat, has called for any kind of truth and reconciliation commission into Jeffrey Epstein. 535.
I mean, that's pretty astounding when you think about it, that all our federal legislators are willing to let this slide.
EPSTEIN JUSTICE
epsteinjustice.com
@digitalassetbuy - Digital Asset Investor.XRP
https://www.youtube.com/watch?v=Fo2LWDUUNT8
Video Not Available
youtube.com
@digitalassetbuy - Digital Asset Investor.XRP
XRP is the ONLY digital asset with LEGAL clarity in the United States! @JohnEDeaton1 on @DigPerspectives https://t.co/jSlSBuQUH1
Video Transcript AI Summary
The interlocutory appeal was denied because it only gets granted when the appellate court doesn't need to consider the facts, just the law. The judge applied the facts, including the XRP affidavits, and made her ruling. This ruling solidifies her previous one and proves that XRP is not a security, unlike Bitcoin.
Full Transcript
Speaker 0: And so the interlocutory appeal was denied because the only time an interlocutory appeal gets granted, Brad, is when the appellate court doesn't have to look at the facts. It's just a pure issue of law. And she said, no, I applied the facts the case. The XRP affidavits is one of the facts. I applied these facts and came up with this ruling.
And she just takes the SEC to school, and she solidifies her 1st ruling so much even better. And really, as I said yesterday, it really shows you that XRP really is the only asset. If we take Bitcoin out because Gensler just said he didn't think it was a security. But as far as legal status, XRP is the only one that has the pure legal status of not being a security.
reSee.it AI Summary
Post 1 suggests that @SenWarren should consider starting an anti-child trafficking army and questions if crypto is the real problem.
Post 2 tags multiple senators, including @Sen_JoeManchin and @SenAngusKing, but does not provide any context or specific message.
@digitalassetbuy - Digital Asset Investor.XRP
Hey @SenWarren ever considered starting an anti-child trafficking army? Is crypto really the problem? https://t.co/BRL50oT4SE
Video Transcript AI Summary
Jamie Dimon, CEO of JPMorgan, is facing scrutiny after emails surfaced suggesting that he knew about Jeffrey Epstein's illegal activities. The emails, dated August 2008, indicate that money transfers from Epstein were pending Dimon's review. This is significant because just months earlier, Epstein had pleaded guilty to soliciting prostitution of a minor. The Virgin Islands government is now investigating what Dimon knew and when. JPMorgan has filed a third-party claim, blaming a former executive for any wrongdoing related to Epstein. However, the government's lawyer questions why Dimon shouldn't be held responsible if the executive is considered rogue. The implication is that knowledge of Epstein's actions reached the top of the organization.
Full Transcript
Speaker 0: I'm so curious what was going through your mind, when you heard Jamie Dimon's response.
Speaker 1: Look. When Jamie Dimon and I are in exactly the same place, it's because we have a serious problem in this country, and that is a part of the financial system is being used by terrorists, by drug traffickers by rogue nations in order to launder money, move money through the system, and finance their illegal activities. Tell us how this Allegation came to light that Jamie Dimon knew what Jeffrey Epstein was
Speaker 0: up to. Well, this came to light just yesterday in a hearing in the Virgin Islands case against JPMorgan. Now JPMorgan, since late last here has been facing multiple lawsuits, alleging that they essentially facilitated Jeffrey Epstein's sex trafficking scheme by being his bank of choice between 1998 to 2013. And what happened very recently in federal court in a 3 and a half hour hearing was that a lawyer For the Virgin Islands government told a federal judge that they have emails suggesting that, a Transfer of money from Epstein was going to hold, quote, unquote, pending Diamond review. She specified that that meant Jamie Dimon.
And, basically, that that said this and what's even more noteworthy than the existence of this email is the date on it. It was August 2008. Now why is that significant? Because in June 2008, Jeffrey Epstein pleaded guilty in Florida to soliciting prostitution of a minor. His 1st, brush with law enforcement.
It was the one that got him, to become a convicted sex offender. And so a lot of this was known at just months earlier before Jamie Dimon was, allegedly reviewing Jeffrey Epstein's account. So right now, there is a lot of scrutiny on Jamie Dimon. They're, the a federal judge signed off on that will allow the Virgin Islands government to find out what he knew, when he knew it. And right now, it comes at a very Interesting time because JPMorgan recently, filed a third party claim.
That is to say, they sued one of their former executives, Jess Staley. And, essentially, they're trying to say this would anything that, on improper that happened with Jeffrey Epstein is because of this former executive, Jess Staley, who was their former senior executive. He later became A CEO of a big bank himself, of Barclays, stepped down because of his ties with Epstein, and they tried to essentially say it was His fault. And in that hearing yesterday, one of the things that the Virgin Islands, lawyer said is that if mister Kelly is a rogue employee. Why isn't Jamie Dimon?
So the the basically, what they're saying is Clear that, the knowledge of what Jeffrey Epstein was doing, in their view, went straight to the top.
@digitalassetbuy - Digital Asset Investor.XRP
@RogerMarshallMD@Sen_JoeManchin@GrahamBlog@GaryPeters@DickDurbin@LaphonzaB@TinaSmithMN@SenAngusKing@SenatorShaheen@SenBobCasey@SenBlumenthal@MichaelBennet@SenCortezMasto@SenWhitehouse@JohnFetterman@SenatorWarnock@ChrisVanHollen @benraylujan
@digitalassetbuy - Digital Asset Investor.XRP
🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳
@CoinDesk - CoinDesk
JUST IN: @PrometheumInc has cleared its final regulatory hurdle to start rolling with its fully-@SECGov-compliant strategy for crypto custody and trading. Soon we'll find out whether crypto can live under current SEC rules. @jesseahamilton reports https://trib.al/sMBFUXL
SocialFlow
trib.al
@digitalassetbuy - Digital Asset Investor.XRP
These are the Senators joining @SenWarren to Ban Crypto In The United States and side with JP Morgan and the banks against the American people. RETWEET and LET THEM OWN IT in 2024! SEND IT! VOTE THEM ALL OUT! @JohnEDeaton1 @PerianneDC @DigitalChamber @DigPerspectives https://t.co/fCwWS6lCbP
Video Transcript AI Summary
I work long hours for low pay, feeling like I'm wasting my life away. I drown my troubles in alcohol when I get home. It's frustrating to see the rich getting richer while people like us struggle. I wish I could wake up to a better world, but it's not that easy. Politicians should focus on helping those in need instead of just looking out for themselves. There are people on the streets who can't afford to eat while the government spends money on unnecessary things. It's a shame how this country keeps pushing us down. The world is unfair, and the rich have all the power. I want to know what you think and what you do, even though it seems like you don't understand the struggles I face. My hard-earned money is heavily taxed, and it feels like it's all for nothing.
Full Transcript
Speaker 0: I've been selling my soul, working all day, overtime hours for bullshit pays, so I can sit out here and waste my life away, drive back home, and drown my troubles away. It's a damn paying. What the hell's got into for people like me, people like you, wish I could just wake up and it not ain't with an old soul. The rich man know the rich man. Lord knows it all.
Just wanna total control. Wanna know what you think. Wanna know what you do. And I don't think you know, but I know that you do because A dollar hate shit, and it's taxing on him. Those are x men.
Those are x men. Wish politicians look out for minors and not just minors on an island somewhere. Lord, we got folks in the street, ain't got nothing to eat, and the whole beast milk and welfare. God, if you're 5 foot 3 and you're £300 Taxes ought not to pay for your banks above ground. Young men are putting themselves, sit straight in the ground, because all this damn country does is keep on checking them down.
Lord, it's a damn shame. What the world's gotta dues. For people like me, people like you, wish I could just wake up and it not be true, but it is. Oh, it is living in a new world pay with an old soul. These rich men know the rich men.
Lord knows they all Just wanna have total control. Wanna know what you think. Wanna know what you do. And then I don't I think you know, but I know that you do because your dollar ain't shit, and it's taxed to no end because the paid. I've been selling my soul, working all day, overtime hours for bullshit pay.
@digitalassetbuy - Digital Asset Investor.XRP
For some reason the @StevenNerayoff accusation that the DAO "Hack" was an inside job reminded me of this clip from a while back.
@digitalassetbuy - Digital Asset Investor.XRP
🚨🤯🍿🤯🚨🍿MEGA BOMB DROP🍿🚨🤯🍿🚨🤯👀🍿🚨🤯👀 @StevenNerayoff says The DAO "Hack" Was An Inside Job From The Ethereum Foundation(and he can prove it) @JohnEDeaton1 @laurashin @VitalikButerin https://t.co/wTsgTt5JkW
Video Transcript AI Summary
The speaker claims that the famous DAO hack was actually an inside job orchestrated by members of the Ethereum Foundation. They suggest that the Bitcoin wallet controlled by the ICO is directly involved, along with several other individuals. The speaker believes that the evidence can be found on the blockchain itself, such as wallet connections and communication between parties involved. They state that there is more evidence supporting their claim, but they do not provide further details.
Full Transcript
Speaker 0: I'm going to drop a mom show right now, and I'm going to make a statement. And, well, it's what we discovered as we kinda we kinda tripped into this. But the famous DAO hack, which Bill Hinman was the first thing that he did when he got there, he wrote the DAO report to kinda cover over the whole DAO the DAO incident. That DAO hack was an inside job by members of the Ethereum Foundation. And whoever was controlling the Bitcoin wallet from the ICO, is directly implicated, but it had to involve quite a number of people.
And so there was no DAO hack. That was, a complete inside job. And they benefited from it in in a whole host of different ways.
Speaker 1: Can can you you know, again, this is news to me. Can you prove this, Like on through on chain kind of analysis instead of just subjective, you know, certain state evidence?
Speaker 0: Not my opinion. I mean, that's the beauty of Blockchain. I mean, it's not it's not my opinion. You know, and you can you can look at the wallets. You can see, you know and I'll give you one example.
You know, one of One of the wallets that's connected to I'm not gonna make any individual accusations on this first show. Right? But one of the wallets is connected to a certain individual, actually communicated with the hacker's wallet, you know, 10 days before. And another one of the individuals at the foundation, you know, set up the contracts for the hack and set up, you know, the the the wallets. So, you know, that's like yeah.
None of that makes any sense. You know, there's there's a lot more. I mean, I'm just giving you some anecdotal stuff that absolutely doesn't make any sense. So, you know, there there's there's a ton more than that.
@digitalassetbuy - Digital Asset Investor.XRP
🚨🚨🚨This is not a smoking gun. IT'S AN ATOM BOMB🚨🚨 The SEC is setting up a Chinese back door into crypto while trying to stop American companies such as @ripple @coinbase and every other US player. RED ALERT! @JohnEDeaton1 @bgarlinghouse @s_alderoty @EleanorTerrett @JsnFostr @iampaulgrewal
Video Transcript AI Summary
Promethean offers SEC qualified tokens, allowing for tokens to be available to all investors and freely traded on the secondary market. This is crucial for the growth of the token economy. The issuance platform involves filling out a reg a plus offering and getting it qualified by the SEC, which grants tacit approval and makes the token available to all investors. Promethean plans to list companies on its ATS (alternative trading system) and has a pipeline of companies from Wang Zhang related entities, a prominent blockchain company. The quality of their projects is excellent, providing a strong product pipeline.
Full Transcript
Speaker 0: The second advantage of what Promethean has is we have SEC qualified tokens. Now what does that mean? When you do a reg a plus offering and any sort of public offering in the United States, the SCC either has to qualify or register those securities. And it's a bit of a process, it takes 4 to 6 months, but what that means is it basically opens up all the possibilities to you because what you allow for it's tokens that are available to all investors and free trading on the secondary market once listed on an ATS. And I would argue that that's the holy grail that's necessary in order for the token economy to flourish.
Next, let's look at our issuance platform. So on the issuance side, you have a potential issuer, and they basically want to offer a token compliantly under the federal securities and laws in the United States. They fill out a reg a plus offering, and they get it qualified by the SEC, which is not it's weird because qualified essentially is tacit approval of the offering. When the SEC gives its tacit approval, its qualification, that token becomes free trading and available to all investors. And, again, that's super important for this economy to flourish, how is Promethean gonna list companies on its ATS?
Where are we gonna get companies from? A ATS, meaning an exchange, an alternative trading system, which is the equivalent exchange, needs an issuer pipeline. You need product by which to list on your platform. The 2nd part of our issuer pipeline oh, there we go is, Wang Zhang related entities. Promethean's lead investor and technical co founder is a company called wangzheng shanghai blockchain which is probably the largest and most capable blockchain company in the world and they've invested in a multitude of companies that are part of their network that they anticipate listing on the Promethean platform, to do an issuance and then to list, on our secondary market and what's wonderful there is that the quality of their projects is immaculate.
It's a wonderful product pipeline.
@digitalassetbuy - Digital Asset Investor.XRP
How's that investigation going into his company's CCP affiliation(Wanxiang Blockchain, Inc.)@SenTuberville@RepBlaine
@digitalassetbuy - Digital Asset Investor.XRP
"What's Joe Lubin's role in all this..."👀🍿👀🍿👀🍿 https://t.co/Zwe0fcAHaw
Video Transcript AI Summary
The speakers discuss the lack of transparency and conflicts of interest in Ethereum. They mention that there is little information about who is involved and how they are funded. They speculate about the roles of certain individuals, including Drew Lubin and Vitalik Buterin. They also mention that ConsenSys, an organization associated with Ethereum, received funding from various sources, including the Saudi government and JPMorgan. They question whether the Ethereum Foundation is run for the benefit of its users or for the benefit of a few individuals. They criticize the lack of transparency and accountability within the foundation.
Full Transcript
Speaker 0: What I am suggesting is that we're not revealing conflicts of interest and we should be doing that. We should have way more transparency than we have.
Speaker 1: Because we pretty much know who every Bitcoin Core dev is funded, but I guess announced like, I don't know, Coinbase is sponsoring these 2 people. Human Rights Foundation. Human Rights of doing these projects, Gemini, it's pretty out there. Sure.
Speaker 0: This is not really the case in Ethereum. There's little to no transparency around who these folks are in the 1st place or like how they're funded, basically.
Speaker 1: Like, where's where's where's Drew Lubin's role in all this? He's the guy look, I'm not asking for any kind of accusations or but He's the guy I'm interested in because it feels like it's his project. Joe, it feels like Vitalik is the tech director and Like, he's the CEO. That's what it feels like to me.
Speaker 0: Yeah. So what I know is that, he was involved, not from the very, very, very beginning, but shortly thereafter, like, which is to say, kind of like post white paper pre Genesys. He invested he was personally Paying, I think, probably for a lot of the expenses for the team during the initial process, because folks like Gavin Wood and Vitalik, probably Probably didn't much bring much to the team economically. He had
Speaker 1: a lot of Bitcoin as well.
Speaker 0: He probably had a lot of Bitcoin. Yeah. He had, you know, he had a background working in finance, etcetera. Like. Yeah, and he probably almost definitely invested very heavily into the presale, right, so he's definitely a large Ethereum holder.
We know that he like, like I mean, I shouldn't say we know. My understanding based on secondhand information is that like he kind of single handedly funded consensus' operations for the 1st few years and consensus Built some pretty cool shit, so like that's probably good for the network.
Speaker 1: Built some cool shit for Saudi government.
Speaker 0: Is that true? I didn't know that. Oh, yeah, there was some partnership. Yeah. Well, look, consensus got really big, really quick and was doing a lot of things in a lot of places.
I'm not super surprised. And then it went out to raise a lot of money at one point. Yeah, and I heard heard there was a big investment recently by JPMorgan or something. I don't know the details about that stuff. Interesting.
Yeah, look, I think Joe is an interesting figure. I think consensus is an interesting like organization, I think from a governance perspective, it's interesting because it is a 2nd pole in influence to to the Ethereum Foundation, right. So when I was active, 2018, 2019, if you were building something, especially at the level 1, the layer 1, and you wanted like funding or support, you really had 2 choices, you either go to Vitalik or you go to Joe, Uncle Joe. Like uncle Joe. Yeah.
Sounds creepy. I think it's a bit different now, right? There's more money and there's more like protocols and projects and like DeFi, for example, like people have deep Deep pockets, there are probably other sources of influence and funding. But yeah, look, I mean, he has been very influential for a long time in the project. He's been pretty open about that.
Like, I don't know, is consensus mining? Is you personally mining maybe probably? But you said like you used
Speaker 1: to work in hedge funds, you were like helping, like, you helping rich people get rich and you kind of felt you were doing the same Ethereum, like what specifically do you mean?
Speaker 0: Well, this goes back to the presale and the pre mine. Okay. So that's 70% of the ether at that point in time and the value of the network was in the hands of One of our people, Joe, is probably the largest poll.
Speaker 1: So do you believe the
Speaker 2: Ethereum Foundation is run for the benefit of those people?
Speaker 0: Like Of the of whom?
Speaker 1: Of the The decision making of for Ethereum, do you think it's run for the users of Ethereum? Like, benefit or do you
Speaker 2: think it's run for the benefit of those people?
Speaker 0: I think the Ethereum Foundation is run at the Women's Vitalik Fittering. Okay, still. Like Yeah. I mean, again, as of 2 years, I have no idea what's happened since then. I think the governance of the foundation itself is structured in such a way, there's a certain number of like board seats.
I think Vitalik has multiple votes. Like, there's little to no transparency, little to no accountability. Thank goodness, Vitalik is not a bad actor, right? I I think he's a good he's a decent human being and has the best interest of the network at heart. However, it's hypocrisy.
And this is like this is, I said, but sort of pre mine was the biggest reason I left Ethereum. I think the 2nd biggest reason is hypocrisy. This is an important point to make. Ethereum, like. To the extent that there is like a sort of publicly stated mission, it's as I was alluding to before, it's about like building better human institutions that are more participatory, fair, more transparent, etcetera.
Like. And yet, Ethereum governance itself and specifically the Ethereum Foundation is none of those things, right? There's no transparency, there's no accountability whatsoever, period.
@digitalassetbuy - Digital Asset Investor.XRP
Shady Shit/Insider Dealing???👀👀👀Follow The Money💰💰💰 https://t.co/qNEGP7b8hc
Video Transcript AI Summary
There were questionable practices within the Ethereum Foundation regarding the distribution of grants. The speaker was part of a team that was not treated well or paid well, but they were given some freedom to travel. The foundation started giving grants to third-party projects, but there was no transparency or explanation regarding how the decisions were made. The speaker mentioned a specific case where the announcement of grant recipients had links to projects with connections to key stakeholders, including Vitalik Buterin. The speaker emphasized the lack of professionalism and disclosure of conflicts of interest. They acknowledged that they couldn't confirm if it was nepotism or insider dealing, but stressed the importance of transparency.
Full Transcript
Speaker 0: Is there any particular shady shit that went on that also that we should be aware of?
Speaker 1: This is a good question. I think there was a lot of naivete. And to give a concrete example of this, I was part of a team, right, called the Ewasn team. And we were like 10 people. And, We, were not sort of treated super well or paid very well, but we're also given like freedom to travel and things like that.
So it was a kind of mixed bag. And the Ethereum Foundation around this time in late 2017, early 2018, 2018, I think, started giving grants to third party projects, things like that. And these grants were, in some cases, 5 figures, some cases, 6 figures, I think some of them went up 7 figures. And we started seeing this grant money leave the foundation, to be clear, coming from the same multi stake, like the same source of funds as we were getting paid our salaries or fees, I guess, technically for the work we were doing. There was no explanation, like, no transparency into how those decisions were made.
And in one particular case, which I remember, there was this Announcements of Ethereum Foundation will publish these blog posts where they would announce the recipients of Belenis to run the grants and you kind of click on it, and you land on the landing page of one of these projects. And the very first thing you see, like, I think was even like above the fold was like angel investor, Vitalik Buterin, things like this. So again, this is what is it, it's lack of Professionalism, it's lack of kind of disclosure of conflicts of interests, I but that's kind of seeing like 1,000,000 of dollars of grant money flow to projects that directors or stakeholders in the Ethereum Foundation had personally invested in prior to that, friends of Vitalik and kind of friends of And of core stakeholders. I don't know how these decisions were made, and I'm not necessarily suggesting it's definitely like nepotism or insider dealing. But what I'm suggesting is, transparency, without disclosing conflict of interest, we don't know.
Yeah. Right? There was a lot of this kind of stuff that happened
reSee.it AI Summary
Lane Rettig, a former ethereum core developer, has made shocking claims about ETHGATE, calling it the biggest financial scandal ever. He believes it surpasses Enron, FTX, Madoff, MF Global, and Theranos. The involvement of disguised whales is a key factor. Notable individuals like @bpcostello, @MetaLawMan, @JohnEDeaton1, @bgarlinghouse, @s_alderoty, @Leerzeit, @NerdNationUnbox, and @cowboycrypto313 are mentioned.
@digitalassetbuy - Digital Asset Investor.XRP
🚨🍿🚨🍿BOMBSHELL ALERT🚨🍿🚨🍿 Lane Rettig, former ethereum core developer, on the Ewasm team at the Ethereum Foundation 🚨ETHGATE Is THE Financial Scandal of the Century BIGGER Than Enron. BIGGER than FTX. BIGGER than Madoff. BIGGER than MF Global. BIGGER than Theranos.🚨🍿 🇨🇳The Disguised Whales Are EVERYTHING🇨🇳 @bpcostello @MetaLawMan @JohnEDeaton1 @bgarlinghouse @s_alderoty @Leerzeit @NerdNationUnbox @cowboycrypto313
Video Transcript AI Summary
I joined the Ethereum Foundation with an open mind, focused on learning and traveling. However, after a year and a half, I realized that the large pre-mine of Ethereum tokens was not aligned with my goals. Around 70% of the tokens had been distributed before the public launch, and this number has since decreased to about 60%. It's difficult to determine the right percentage, but it's clear that it's too much concentration of ownership. While Vitalik's holdings are public and he is not financially driven, others like Joe Lubin are more business-oriented. The majority of Ethereum's ownership is held by a small number of individuals, possibly a few hundred or a thousand. There are rumors that a couple of people bought significant portions of the ICO anonymously, taking advantage of the lack of limits.
Full Transcript
Speaker 0: I said, I'm gonna keep an open mind. I don't care what they pay me. I don't care if they pay me. I wanna maximize learning. I wanna travel, and thank you, Ethereum Foundation, for giving me the opportunity to do that.
It was very eye opening. But after a year, 18 months, I was like, holy shit. Like, what am I really doing here? I'm really pumping Joleupin's backs. All due respect to Joleupin and all the other, you know, Ethereum whales.
It's just not what I wanna do. And the reason for that was largely the pre mine. Right? Because at that moment, 70%, seven zero. Okay?
70% of all the Ethereum systems as of a couple years ago, had been distributed in the pre month. Today, it's about 60 it's been diluted a little bit. Right? So I
Speaker 1: don't know where you draw I don't know what the
Speaker 0: right number is. I mean, we will never have another Bitcoin. We'll never have another immaculate option. Again, I don't love the right numbers, 10%, 15%, 20%. You could draw the line wherever you want.
70, 80, 70, 60 is it's it's too much. It's it's just too much by almost an order
Speaker 1: And who are the biggest holders within that? I know Vitalik, but I don't
Speaker 0: Vitalik's holdings are public, by the way. Yes. Be very transparent.
Speaker 1: And I don't, what's strange about Vitalik is I don't see him as financially driven.
Speaker 0: He's not. Trust me, I know him. He's not. Yeah.
Speaker 1: Whereas, Jho Lubin clearly is. He's a businessman. Yeah. So Vitalik, Joe Lubin, who are the other like key Charles Hoskinson, Perhaps.
Speaker 0: I mean, here's the thing. We we other than the very small number of people like Vitalik who are public, you know, also the Ethereum Foundation multisig wallet address is public. We we don't know. Okay. We don't know.
We generally I mean, I I, you know, I can assume that the people who happen to be the crypto bros that happened to be in the room at that time the very small number of investors who kind of got Ethereum circa 2015 did very well. Okay. Right.
Speaker 1: Alright. So so you've joined the family. But the point is, it's on the order of
Speaker 0: A few 100 people, maybe a1000, maybe a couple 1,000 people. It's a very small number of people.
Speaker 1: But within that, there's a few who have very significant interest.
Speaker 0: Yeah. It's a very long tail. And, You know, I've heard rumors, this is totally anecdotal, that, like, a very small number of individuals, like 1 or 2 ish people, single handedly bought up, like, very large percentages of the free of the the free bank, basically, the the ICO. Okay. Because they were able to participate pseudonymously.
There were no limits.
@digitalassetbuy - Digital Asset Investor.XRP
WOW!👀👀👀👀👀👀👀👀👀👀👀👀👀👀 UFO whistleblower Dave Grusch with @TuckerCarlson https://t.co/Fulef8D2cf
Video Transcript AI Summary
Based on personal experiences, the speaker acknowledges the seriousness of claims made by US government employees about the government killing individuals who speak out or plan to speak out. These claims were even made in front of senior officials on Capitol Hill. The speaker suggests that people are paralyzed by fear because this is a reality. Many individuals interviewed expressed their willingness to support the speaker in reporting these incidents to the inspector general, but they did not want to be named due to fear. The speaker and the other person in the conversation both admit that they never believed in UFOs until recently, but now they believe that the US government has made contact with extraterrestrial entities.
Full Transcript
Speaker 0: But it sounds like when pea so given your own experience, when people say to you, US government employees say to you, wow. Someone was killed by the US government for talking about this or planning to talk about it. It sounds like you would have to take those claims seriously.
Speaker 1: I did. And I remember a very, very credible senior intelligence sir precisely make those allegations in front of senior officials on Capitol Hill. I was in the room.
Speaker 0: Elected officials?
Speaker 1: For their staff, I'll just say. I don't wanna get into details.
Speaker 0: Crazy. I mean, so it's like at that point, if somebody says the US government killed for an American citizen without a trial, because he was gonna tell the truth about something. That's kind of when everything stops. You You can't have that in a free country.
Speaker 1: I mean, I think people are just paralyzed in fear because that's a reality. And I remember the certain professional staff members being very upset room in the room. And, I mean, rightly so, but, like, we need to do something about that because that's not good. And most of the people for That even I interviewed. I'm like, do you wanna go to the inspector general with me?
And they're like, we'll back you up, but we don't want our name on any complaints because
Speaker 0: they were
Speaker 1: just living in fear.
Speaker 0: You know? So, like, for my whole life, life. The you know, I I'd never even thought UFOs were real until fairly recently.
Speaker 1: Me either. 4 years ago, I I if you'd asked me 4 or 5 years ago if I thought UFOs are real, I would've laughed. Okay.
Speaker 0: I to completely agree. But the conventional explanation for the US government among those who believed it was hiding these facts, the con explanation for why survey, was the government doesn't wanna so panic, doesn't wanna admit weakness, in the face of its adversaries, etcetera, etcetera. Those explanations do not account for the behavior you're describing. They're hiding something real that implicates them. And if they're talking to these entities, whatever they are.
And I I believe in the basis of evidence that the US government has made contact and has had continuous or at least sporadic, but over period of years contact. You don't need to nod or shake your head, but that is my belief based on talking to people. Like, what is that?
@digitalassetbuy - Digital Asset Investor.XRP
There is nothing new under the sun when it comes to Wall Street and our government. https://t.co/d2pCMhbixm
Video Transcript AI Summary
I've always been against crypto, especially Bitcoin, because it is mainly used by criminals for activities like drug trafficking, money laundering, and tax evasion. Its anonymity and instant money transfers allow it to bypass systems like know your customers, sanctions, and OFAC. If I were in power, I would shut it down. On September 12th, Jamie Dimon called Bitcoin a fraud and threatened to fire any trader buying it. This caused a 24% drop in Bitcoin's value. Interestingly, Morgan Stanley and JPMorgan, companies led by Dimon, were the largest buyers of a Bitcoin fund in Europe. It's unethical for Dimon to criticize Bitcoin while his own company is investing in it.
Full Transcript
Speaker 0: I've always been deeply opposed to crypto, Bitcoin, etcetera. You pointed out the only true use case for it is criminals, drug traffickers, anti money laundering, tax avoidance. That is a use case, because it is somewhat anonymous, not fully, and because you can move money instantaneously because it doesn't go through as you mentioned, all these systems have built up over many years. Know your customers, sanctions, OFAC. It's they can get bypassed all of that.
I if I was the governments, I'd close it down.
Speaker 1: Okay. On September 12th, Jamie Dimon says Bitcoin is Fraud. He says he'll fire any one of his traders buying Bitcoin. Bitcoin drops 24%. And Jamie Dimon speaks, people listen, people listen.
Discrimination. So that weekend, we found out that the largest buyer of a of a Bitcoin fund that's in Europe that buys physical Bitcoin, right, the largest buyer was Cool Bitcoin. Right? The largest buyer was Morgan Stanley and JPMorgan, and that's not illegal. He says it's a fraud.
Says he'd buy anyone that buys it. Yes. And at the same time, his company But he is buying it. His company is buying it. So you're it's just, I mean, so unethical.
Right.
@digitalassetbuy - Digital Asset Investor.XRP
Hey @SenWarren looks like you and your friends had some pretty close ties to SBF. @JohnEDeaton1 put this is in the "If I run against @SenWarren file". The pro-crypto (real)army is at the ready.
@AgedMercury - Mercury
@JohnEDeaton1 @SenWarren @GaryGensler @SBF_FTX #ShakeYourFistLizzy #WhereWasTheOversight #MindTheGap #CorruptPolitician #PaidOffPoliticians #ComplicitRegulators https://t.co/qVbnUSCnMU
@digitalassetbuy - Digital Asset Investor.XRP
You'd be saying you were wrong too if your best buddy Joseph Lubin was basically in hiding. https://t.co/jmbWYDoAhv
Video Transcript AI Summary
You shouldn't buy Dogecoin, but rather sell it now that it has reached 42¢. Bitcoin is a recommended investment as it is a core part of a portfolio and widely adopted by institutions. Ethereum is likely to be the winner in powering new businesses and ecosystems, although there are other contenders. DeFi coins function like equities and can generate dividends based on usage. Coins like Litecoin, BSV, Bitcoin Cash, and XRP are considered inferior and akin to Ponzi games. While it's possible to make money in these coins during market hype, it's not advisable for non-professionals to short them.
Full Transcript
Speaker 0: Could I buy Dogecoin? I'm like, no. You shouldn't buy Dogecoin. You should sell Dogecoin probably,
Speaker 1: now that it's gone up to, you know, 42¢. But there's a lot of uneducated investors that feel the energy of this moment and wanna participate. Like, I think Bitcoin is a core part of your portfolio. It's got a purpose. It's gonna be around for a long period of time.
Every institution I know is buying some. It's basically digital gold. Ethereum is most likely the winner of the decentralized supercomputer that powers all these new businesses, All these new, ecosystems. But it might not be the winner. Right?
I've also invested in a thing called Dfinity, which is gonna launch in about a week. They wanna be participant in that. Solana, like I talked about, Terra. There's all these other ecosystems like Ethereum trying for the same thing. Then there's DeFi.
These DeFi coins trade like equities. In some ways, they have a dividend. You can you can think of it like a dividend. The more the more use they get, the more visit money they're gonna They're gonna make the the higher the tokens gonna go up. And so I look at those 3 buckets and say, if you're not in that bucket, you're just a you're you're literally like a Ponzi game.
And so Litecoin, BSV, you know, Bitcoin Cash, Bitcoin, whatever that b s the other Bitcoin.
Speaker 0: Right. There's a bunch of them. There's a bunch.
Speaker 1: XRP. Those are all baloney coins. And doesn't mean you you can't make money in them because every once in a while, the market gets hot and, You know? People like, oh, that hasn't moved yet. Let me buy it and and pull your friends in.
It's a little bit like Yeah. It's a little bit like that that GameStop. They're meme coins, And you can get your head ripped off being short. And so I would not advocate for the non professionals to be short.
reSee.it AI Summary
Novogratz's sudden change of heart on XRP seems suspicious. He spent years crafting a narrative that Ripple is great but he doesn't understand XRP. What was his motive? I believe he's a rat jumping ship, not someone who was genuinely wrong.
@digitalassetbuy - Digital Asset Investor.XRP
Not buying the "I was wrong" Novogratz narrative. I watched this guy for years. He intentionally went out of his way for years to craft the narrative that @ripple is great but I just don't get XRP. The question is what did he have to gain by doing so. I don't think he was wrong. I think he is a rat jumping ship.
@digitalassetbuy - Digital Asset Investor.XRP
EXPOSE THEM ALL! 🍿🍿🍿🍿🍿🍿🍿🍿🍿 https://t.co/1gHi5KRQzX
Video Transcript AI Summary
Speaker 0 expresses opposition to cryptocurrency. Speaker 1 mentions that Jamie, who supports blockchain, helped launch JPMorganCoin. They explain that JPMorgan created its own blockchain protocol based on Ethereum, allowing private transactions. Speaker 0 suggests that the only use case for blockchain is criminal activity. Speaker 2 states that JPMorgan was involved in Ethereum from the beginning and played a major role in the Enterprise Ethereum Alliance. Speaker 0 comments on shutting down blockchain if they were the government. Speaker 3 compares the Mt. Gox scandal to Bernie Madoff's Ponzi scheme, where JPMorgan was involved. JPMorgan account holders sued the bank and recovered over $2 billion, but no executives went to jail.
Full Transcript
Speaker 0: I've always been deeply opposed to crypto, Bitcoin, etcetera.
Speaker 1: Well, I mean, first of all, if I might add, Jamie has always loved the blockchain. You know, I think at one point in time, he publicly said, God bless the blockchain. I definitely believe in the blockchain. So, you know, he's always been a staunch supporter of us through the entire program. And, you know and in fact, that's the reason why we were able to launch JPMorganCoin.
Nordwin is basically US dollars on blockchain. We actually are one of the few banks to have almost created our own Blockchain protocol, like the underlying technology layer, essentially, what we did was take the Ethereum, public Ethereum Blockchain codebase, and we forked it, which meant we copied and pasted it. It was open source. And then we added enterprise technology trappings. But then we also added a private node to enable private transactions, between participants in a network, telling that all of our projects are, you know, on Ethereum variant as an example.
That's that's intentional. And I think that as a bank, you know, many many did not agree with that approach early on, but now it's sort of playing through as as being relevant.
Speaker 0: One You pointed out the only true use case for it is criminals.
Speaker 2: So our company consensus has been, very prominent at 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. One one one
Speaker 0: drug traffickers, anti money laundering, tax avoidance.
Speaker 2: JPMorgan, at what started paying attention to Ethereum blockchain technology even before public mainnet was released. At what So they started, experimenting and and building out some things, when we were still building proofs of concept. One they had a handful of different teams that focused on blockchain technology, one And we've interacted, with them roughly from the start. We one I started to interact with them, in a really concerted way, around the time of at The advent of the Enterprise Ethereum Alliance. So, we were 2 of the major drivers of that initiative at 1 and have been 2 of the major drivers of activity inside the EEA since since launch, really.
Speaker 0: I one If I was the government, I'd close it down.
Speaker 3: You know, with respect to to to to Mt. Gox, there's not that much here that's all that unique outside of it being, Bitcoin related. At one side of it being, Bitcoin related. Bernie Madoff had his company banking at JPMorgan. JPMorgan caught on at 1 to the scam about a year before it collapsed.
They pulled most of their money out of, out of the the the Madoff fund, didn't tell their what Their own account holders who were also with Madoff that they were doing that. After everything was revealed, at 1 The JPMorgan account holders who are all who are also with Madoff, they sued JPMorgan for violating the fiduciary obligation that JP at JPMorgan had to them, and they recovered over $2,000,000,000 in that lawsuit. And the JPMorgan executives went to jail. Right? One No.
The JPMorgan executives want to chill? No.
reSee.it AI Summary
Tired of America's lies and fake agendas? The truth is, it's all about money. Don't fall for their "crypto is used by terrorists" narrative. Cash has been their tool for years. Time for change! @SenWarren @ewarren, run against @JohnEDeaton1! A real army stands ready, not a fake one.
@digitalassetbuy - Digital Asset Investor.XRP
Tired of their lies and fake agendas yet America? Crypto fans? All their manufactured issues have and always will be about one thing only...MONEY. The fake "crypto is being used by terrorist" narrative is just another angle they think they can manipulate you with. Cash has been used by terrorists for years. Time to take the trash out America. @SenWarren @ewarren Run against this scoundrel @JohnEDeaton1 ! There is real army at the ready! Not a fake army.
Video Transcript AI Summary
There are various ways we try to reduce energy consumption and pollution, such as using energy-efficient light bulbs, cutting down on plastic straws, and even addressing the impact of cheeseburgers. While it's important for individuals to find their own ways to contribute, we must also recognize that the fossil fuel industry wants us to focus on these smaller issues. In reality, 70% of pollution comes from just three industries. We need to set targets for these industries to significantly reduce carbon emissions by 2028, 2030, and 2035. It's crucial to consider this larger picture.
Full Transcript
Speaker 0: There are a lot of ways that we try to change our energy consumption and our pollution. And God bless all of those ways. Some of it is with light bulbs. Some of it is on straws. Some of it, dang, is on cheeseburgers.
Right? There are a lot of different pieces to this. And I get that people are trying to find the part that they can work on and what can they do. And I'm in favor of that. And I'm gonna help, and I'm gonna support.
But understand, this is exactly what the fossil fuel industry helps we're all talking about. That's what they want us to do. This is your problem. They wanna be able to stir up a lot of controversy around the white bulbs, around your straws, and around your cheeseburgers. When 70% of the pollution, of the carbon that we're throwing into the air comes from 3 industries, and we can set our targets and say by 2028, 2030, and 2035, no more.
Think about that.
@digitalassetbuy - Digital Asset Investor.XRP
All of the sudden Jay Clayton can weigh in on the @ripple victory and spins it as a partial loss on appeal. There is no humility when there is no accountability. @bgarlinghouse @s_alderoty @JohnEDeaton1 https://t.co/1NjpE2RVBN
Video Transcript AI Summary
The SEC has been successful in all capital raising cases, including the ripple case, where the initial issuance was deemed a securities transaction. However, the question remains whether secondary trading qualifies as a securities transaction. There have been similar cases where the SEC has won on this matter. The need for clear rules regarding trading with the expectation of financial return, whether it's a security or a commodity, is emphasized. Despite one case being appealed, the SEC's track record stands at 95 wins and only one loss, which is considered impressive.
Full Transcript
Speaker 0: SEC has won every capital raising case, including the ripple case. Mhmm. I it it the the judge, I believe, found that the issuance, in the initial issuance was in fact a securities transaction during the capital raising case. The question in the ripple case that I believe the SEC did not win was on the secondary trading, was that a securities transaction or not? There are other cases with similar facts where the SEC has won that.
We will see how that plays out. But that goes to my point about secondary trading and Tim's point about secondary trading and the need to establish rules of the road, whether it's a security or a commodity, but that people are trading with the expectation of a financial return. And to go back to Dave's question, you know, I I think the SCC's record on on cases decided, it is what? 95 and, you know, 1 and one's up on appeal. I'd say that's pretty good.
@digitalassetbuy - Digital Asset Investor.XRP
The Jamie Dimon Hits just keep on coming. The hypocrisy of @SenWarren 's anti-crypto army is hilarious. https://t.co/tPwJFdrBtR
Video Transcript AI Summary
JPMorgan is close to a $2 billion settlement with federal authorities over allegations that it ignored signs of fraud in the Bernard Madoff Ponzi scheme. Madoff himself claimed that the banks "had to know" about his scheme. The settlement would include a deferred prosecution agreement, ruling out criminal charges against the bank. JPMorgan has been working to resolve a long list of legal issues, including paying $20 billion this year alone. Investors are concerned about the bank's legal troubles, but a settlement over Madoff would ease some of those concerns.
Full Transcript
Speaker 0: The hits just keep on coming for the nation's largest bank and not in a good way. JPMorgan is close to a $2,000,000,000 settlement with federal authorities to resolve allegations that the bank ignored obvious signs of fraud in the Bernard Madoff Ponzi scheme, ultimately harming investors. Kayla Tausche
Speaker 1: 5 years after Bernie Madoff confessed to running a Ponzi scheme, questions still remain about how he kept it secret for so long. Speaking from jail in 2011, the convicted fraudster told The New York Times banks, quote, had to know. The attitude was sort of, if you're doing something wrong, we don't wanna know. Prosecutors perked up, and a light shone on JPMorgan Chase, Madoff's bank of record for decades and a custodian for nearly all his customer accounts. The multiyear investigation could come to a head this week With a $2,000,000,000 settlement and, reportedly, a deferred prosecution agreement that would rule out criminal charges against the bank.
The joint deal inked with the Department of Justice and the office of the comptroller of the currency, closing 2 open cases And including a general penalty for anti money laundering. Comptroller Tom Curry said in October, banks like JPMorgan must be better at managing risk than the
Speaker 2: status quo. The standard here is really, strong corporate covenants, and, individual institutions will be prodded to to take a critical look at, their structure and to make improvements that bring them up to that strong standard.
Speaker 1: JPMorgan declined to comment, but CEO Jamie Dimon has, for months, been working behind the scenes to cross off a long list of legal issues.
Speaker 3: We're a good company. We had these flaws. If you acknowledge your faults, you can fix them. If you deny them, you don't fix them. So we're we're gonna fix them.
Okay. And I think we're gonna make the regulators happy with what we're doing.
Speaker 1: Those issues have become costly for the largest bank by assets. This year alone, paying some $20,000,000,000 to cases largely stemming from its mortgage products during the financial crisis, but also its London Whale trading loss and improper marketing some consumer products like identity theft. Shares of JPMorgan trade near a 52 week high. Investors view the industry favorably as the economy recovers, but worry the bank has more legal issues to come. It's the focus of nearly open investigations that a settlement over Madoff would ease at least one concern ahead of its full year earnings next Tuesday.
@digitalassetbuy - Digital Asset Investor.XRP
100,000% Over The Target 🎯🎯🎯 It's time for regulators to start listening to the American people instead of Jamie Dimon. Imagine the wealth that could have been created for the American people if an ETF had been approved at BTC $100-$200. https://t.co/QJSPNP8Q27
Video Transcript AI Summary
The speaker expresses frustration over the lack of an ETF for Bitcoin in the past, believing it could have created significant wealth for Americans. They argue that regulators prevented the American people from benefiting, as the wealth ended up in the hands of international entities. While supporting sensible regulation, the speaker believes that the current situation is not in America's best interest. They highlight America's history of innovation and entrepreneurialism and express concern that regulators are stifling innovation by enforcing regulations instead of creating them. The speaker hopes that regulators will focus on enforcing existing laws rather than creating new ones.
Full Transcript
Speaker 0: Right. If an ETF had been made available to the American people when Bitcoin was at 100 or $200, how much wealth would have been created for the American people? The regulators in this instance prevented the American people from being the beneficiaries of this incredible Period of wealth creation. And it ended up mostly in the hands of the internationals. And so this bothers me.
You know, Regulation I I support sensible regulation. Protect, you know, the people from bad actors and things. But I don't think what's happened here is ultimately in the best interest of America? What made America great? We're the capital of innovation, the American dream, entrepreneurialism, and the idea that innovation is being stifled in the US because of regulators trying to regulate by enforcement, I think is a problem.
And so I I hope are regulators start enforcing the law rather than trying to create law?
@digitalassetbuy - Digital Asset Investor.XRP
It only took me 5 years to figure out how to do a watermark. I figured this video was worthy of posting again anyway. https://t.co/7l8AD7dQ1K
Video Transcript AI Summary
JPMorgan has faced various controversies and legal issues over the years. They settled a $75 million agreement in the Jeffrey Epstein sex litigation case. The bank was accused of enabling Epstein's abuses and had embarrassing disclosures of relationships with him. There were also allegations of money laundering and financing illegal activities. JPMorgan faced fines for market manipulation in precious metals and a $13 billion fine for its role in the mortgage meltdown. They were also involved in fraud charges related to the financial crisis and settled for $154 million. The bank has been accused of involvement in terrorist financing and using crypto for illegal activities. They settled criminal charges related to Bernard Madoff's Ponzi scheme for $1.7 billion. These controversies highlight the need to update the Bank Secrecy Act to address new threats.
Full Transcript
Speaker 0: I'm so curious what was going through your mind, when you heard Jamie Dimon's response.
Speaker 1: Look. When Jamie Dimon and I are in exactly the same place, it's because we have a serious problem in
Speaker 2: this country. JPMorgan says it has reached an agreement in principle to settle the Jeffrey Epstein sex litigation with the US Virgin Islands with a payout of $75,000,000. The settlement ends a bruising episode in which each side accused the other of enabling Jeffrey Epstein's abuses and led to a series of embarrassing disclosures of relationships that high ranking bank officials at the time had with, with Epstein himself, including one former executive who frequented Epstein's private island.
Speaker 1: And that is part of the financial system is being used by terrorists, by drug traffickers, by rogue nations in order to launder money, move money through the system, and finance their illegal activities.
Speaker 0: Investigators in Philadelphia are searching a cargo ship What's being called one of the biggest drug busts in US history, some 17 tons of cocaine has been recovered worth more than $1,000,000,000 on the street. Officials tell CBS News there might be another 30 tons on board on top of what they've already found.
Speaker 1: And when I asked the question, should the rules that apply to their banks, and, by the way, also apply to stockbrokers and gold traders and credit card companies and credit unions quarters
Speaker 3: is that this has been going on for about 8 years in which, these traders, they they specifically, We're clearly kind of talking about JPMorgan here. I mean, the names that we have in the story do refer to these JPMorgan executives. You know, they had been spoofing the market for the better part of 8 years and and silver, gold, platinum, palladium, I mean, all of the precious metals.
Speaker 1: What I'm talking about is the part of the system that makes sure that banks are not being used for terrorist financing, for example.
Speaker 4: The nation's biggest bank is facing a $13,000,000,000 fine this morning for its role in the mortgage meltdown. JPMorgan Chase negotiated the tentative settlement On civil charges with the justice department, the deal does not end a criminal probe, and it could set a new standard in cracking down on bank behavior.
Speaker 1: There's a new threat out there. It's crypto, and it is being used for terrorist financing. It is being used for drug trafficking.
Speaker 5: JPMorgan Chase has agreed to settle fraud charges for its role in the financial crisis. Under this settlement, the bank will now pay $154,000,000, just shy of that, Which is actually less than what it earns in 1 week. The SEC says the company misled customers about risky mortgage investments. Last year, Goldman Sachs paid 550,000,000 to settle similar charges.
Speaker 1: North Korea is using it to pay for about half of its nuclear weapons program, we can't allow that to continue. JPMorgan, Barclays, Citigroup are amongst 5 banks, find a combined total of €1,070,000,000 by European Union regulators for taking part in 2 cartels in the spot foreign exchange market for 11 currencies, well You know, we have something called the Bank Secrecy Act, which is how banks are required to monitor certain kinds of transactions that go through the system, it was written in the 19 seventies following nine eleven, the law enforcement folks went back, looked at what had happened, and figured out how the financing had made it through the system, and that's the last time that Congress updated the the Bank Secrecy Act, what we need to do is we need to update it again because there's a new threat out there.
Speaker 6: JPMorgan Chase has officially settled with federal authorities over criminal charges that the bank ignored warning signs of Bernard Madoff's $65,000,000,000 Ponzi scheme. The bank will pay one point $7,000,000,000 to settle the claims, which authorities say is the largest bank forfeiture in history and the largest penalty by the Department of Justice for a Bank Secrecy Act Violation. That act requires banks to alert authorities about any suspicious activity.
reSee.it AI Summary
Two Congressmen resign, a presidential candidate accuses SEC Chairman of suppressing crypto industry. Those in power must consider the consequences of ignoring the people's will. Signs are evident.
@digitalassetbuy - Digital Asset Investor.XRP
In the last two days we've seen two Congressmen announce their resignation and a presidential candidate openly call out the SEC Chairman for his INTENTIONAL suppression of the crypto industry. I think it's time for some in power to ask themselves if they see Signs...You can can't ignore the people's will forever without consequences.
Video Transcript AI Summary
SBF's success at FTX highlights the inadequacy of the current framework. Many individuals in group 1 view miracles as a source of hope. It's disappointing that SEC leader Gary Gensler couldn't confirm if Ethereum is a regulated security. Are you the type who believes in signs and miracles, or do you think luck plays a role? Consider this: could coincidences simply not exist?
Full Transcript
Speaker 0: The fact that SBF was able to do what he did at FTX shows that whatever they have as the current framework isn't working.
Speaker 1: But there's a whole lot of people in the group number 1. When you see those 14 lights, they're looking at a miracle. And deep down, they feel that whatever's going to happen, there will be Someone there to help them, and that fills them with hope. There.
Speaker 0: And I think it is nothing short of embarrassing that Gary Gensler, the current leader of the SEC, in front of could not even say whether Ethereum counted as a regulated security or not.
Speaker 1: So what you have to ask yourself. What kind of person are you? Are you the kind that sees signs, sees miracles, or do you believe that people just get lucky? Or look at the question this way. There.
Is it possible that there are no coincidences?
@digitalassetbuy - Digital Asset Investor.XRP
I sure have missed my @X library. https://t.co/nupbGsZPYR
@digitalassetbuy - Digital Asset Investor.XRP
Hey @RepHuizenga When Subpoena of FTX communications between them and SEC prior to FTX going down? #FOIAMADNESS @JohnEDeaton1 @mcuban
@digitalassetbuy - Digital Asset Investor.XRP
Everyone should revisit @JohnEDeaton1 @CryptoLawUS video library. When my account was suspended all my video history disappeared from there. It’s back. PS ETHGATE is real. https://www.crypto-law.us/video-library/
Video Library - CryptoLaw
Video Library: Did the SEC give fair notice to XRP holders? You be the judge. The Securities and Exchange Commission has repeatedly insisted it has provided clarity to investors on precisely how it determines whether a digital asset is a security, therefore subject to its regulation, or not. Howe
crypto-law.us
@digitalassetbuy - Digital Asset Investor.XRP
You won’t be able to say you didn’t know @PatrickMcHenry @GOPMajorityWhip @WarrenDavidson @SenGillibrand @SenLummis @RepDonaldsPress @SenTedCruz
reSee.it AI Summary
The author questions whether the person mentioned disclosed their profits from shorting XRP before the lawsuit. They also wonder if their partners at USV and a16z, who were present during the SEC's Hinman speech, informed them about it. The author finds it amusing to imagine the person wearing a shirt related to ETHGATE while being investigated.
@digitalassetbuy - Digital Asset Investor.XRP
He didn’t happen to mention how many millions of dollars he made shorting XRP before the lawsuit or whether his limited partners @usv and @a16z who were in the room at the SEC helping craft the Hinman speech briefed him or his partner Tushar Jain on any of it? I think it would be even funnier if he wears the shirt while being questioned during an investigation of #ETHGATE
@HammerToe - Matt Hamilton
How it started… How it’s going. Great to meet @KyleSamani today at #FILVegas. I happened to have a t-shirt from @Ripple’s #ProperParty last week I thought he should have. #xrp
@digitalassetbuy - Digital Asset Investor.XRP
Hey @cnbc when you going to stop covering these scams with no LEGAL clarity and start covering the ONLY digital asset with LEGAL clarity XRP. BTW your buddy Gary lost AGAIN yesterday. When are you having your paid contributor Jay Clayton on who put this disaster in motion to explain himself?
@CNBC - CNBC
Ether futures ETFs hit the market as SEC mulls next steps on bitcoin fund https://www.cnbc.com/2023/10/02/ether-futures-etfs-debut-as-sec-mulls-next-steps-on-bitcoin-fund.html?taid=651af549d4ebeb000122eea9&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter%7Cmain
Ether futures ETFs hit the market as SEC mulls next steps on bitcoin fund
Several crypto futures ETFs launch this week, including products from ProShares, Bitwise and VanEck.
cnbc.com
@digitalassetbuy - Digital Asset Investor.XRP
Pragma New York 9/29 WOW There is so much in this clip. Lubin even addresses @ripple WOW WOW WOW WOW. This is almost like the bad guy finally reveals himself. WOW WOW WOW.What in the hell is going on???? @StevenNerayoff @JohnEDeaton1
Video Transcript AI Summary
The speaker discusses the battle between crypto and the government, particularly the SEC. They explain that the US government is interested in slowing or killing crypto due to their preference for intermediaries and centralized control. However, they believe that the ecosystem can continue to operate globally and in the US with more focus on decentralization. They mention that the Ripple XRP ruling was favorable to centralized exchanges and wallets. The speaker also talks about the clash between centralized and decentralized trust and the need for both to coexist. They advocate for regulating use cases rather than stifling tech innovation.
Full Transcript
Speaker 0: So let's start off with the SEC.
Speaker 1: Good joke.
Speaker 0: No. But, actually, seriously, how do you how do you think about this, this, crypto versus government battle? We've seen a lot of that heat up in the last few months and and something we've been seeing over the last decade, any kind of long term thoughts on where that nets out or or how do you sort of see that evolve?
Speaker 1: Yes. So to keep it simple, we were more worried a few months ago. We are less concerned now. Why is that? So the, the executive branch, in the US, is interested in slowing or killing crypto for national dirty reasons.
Essentially, the the US, runs the world, so they believe, and they run the world through intermediaries, especially financial intermediaries. Our technology is all about, having a new trust foundation and removing the need, for intermediaries in many cases or rightsizing, the amount of power and extraction of value, of intermediaries in in other cases and, that's effectively incompatible with the way, the leaders of the United States, prefer to run things. Not incompatible with the, the American experiment, I I think, which favors things like, free speech. Entrepreneurs have also had their hunters to make things better. Open markets, free market capitalism even, which we don't really have, in the United States.
And, so they're they're gonna do what they normally do, when any new technology emerges that they have to capture, that they feel they have to capture. So, Internet, webs, cryptography, SSL, all the other. It it exactly. And and so so they'll overreach as much as they can, and the, the, legislative branch of government, will split 5050, to to some degree and they'll battle it out a little bit. And we're seeing clear heads prevail in in the judiciary, as one would expect and, so we'll we'll get, unbiased, breeds of the laws, and, scrutiny of behavior of different agencies.
The Supreme Court is is, looking like they're not pleased with how certain agencies are behaving. So there this this notion of, deference, to, agencies, meaning, hey. The agencies are the SECs, etcetera, are are experts. They must be good people. They obviously know what they're doing.
We're gonna give them leeway to make rules and and the Supreme Court is, recently pushing back on deference, and, so maybe eliminating that approach to to how, the judiciary, deals with, with them. So, the Ripple XRP, ruling was very favorable to centralized exchanges and and wallets, and anybody who cares about, doing things with tokens. We were concerned that that there might be, FUD rulings, Gary would would waive his his arm and declare all tokens, officially illegal according to the SEC and, and that would be, a bit problematic, for our business, MetaMask, it wouldn't be catastrophic because we're in nearly 200 countries around the world. And so we would, we would lose a a decent chunk of our revenue, but but we would, continue to operate and and we'd emphasize other places. So bottom line, we can, as an ecosystem, we can continue to operate globally and in the US, kind of unfettered, with much more attention to, rigor around decentralizing things.
Because when things are decentralized, then they, securities exchange and centralization, option, Control Commission, you know, that's what they're there for. Centralization is something that needs to be regulated, and, as long as we design as we should, and execute as we should in our ecosystem, then, the SEC can't do that much, in, in a sane world now. So let's hope. Do do you do you
Speaker 0: think that this was just the a play that had to be in this timeline? Like, it it just had to take these many years to figure out how people sort of get more comfortable with understanding what's going on at the the higher levels of the government, or is it that is just a one off case that maybe the Ripple case sort of kinda won the case law here on what the definitions are, but it may not actually mean that everything else is fine too.
Speaker 1: It so the timeline's interesting. I and others, felt at the beginning of this adventure that, we're doing some things that are going to lead to a clash of civilizations. So, 1 based on centralized top down command and control trust to the other based on this new invention, decentralized trust. And, and they're the incumbents and they've got the guns and, but we got the people. And, the the plan, if there was a plan, was to to keep our heads down, and build and build and build and and see how far we can get, before they really take notice, and thanks.
Thank you, Sam Bankman Fried, and and and others, they they so CFI essentially, made things a little more difficult, for us, especially recently. Yes. Yeah. Exactly. And so, going forward, I I think, we knew the clash would come.
We knew we had to, land the technology, in the social legal systems around the world, and it'll land differently in the US versus Russia versus China versus this is North Korea. North Korea loves the technology obviously, for their own purposes. And, I I think the way it ultimately unfolds is that we, recognize that that the old world, has cohorts that need to live their lives, in the way that they're comfortable. And we need it need infrastructure, that enables that for another who knows how many decades. And, at the same time, our technology can can make the traditional world, operate better, offer more options or opportunities, and we should, be free to choose to live our lives, more, to, you know, doing things in the, rigorously decentralized space if we want to.
And and so those those 2 pathways of existence should operate in parallel, and they'll they'll learn to operate, and and I think think it's gonna be fine.
Speaker 0: I I think that's a very refreshing perspective. Usually, it's a zero sum kinda statement that that we usually hear, from both sides. This is something I think you've spoken in the past about as well, which is, hey, maybe the technology should not be super regulated, but the use cases should be. And and this is in a way hoping for that world where, yes, the protocol can live without too many hard coded rules, but somebody wants to build an exchange on top, they should maybe meet certain requirements where they are and seems like you're you're, in a way, forcing for that world to be actually more more possible.
Speaker 1: Yeah. So our a guy named Bill Hughes, our our head of policy at at Consensus wrote a a really crisp, article on CoinDesk. I think it was called Money Crypto versus Tech Crypto, something like that. Money crypto is CeFi. Money crypto, is the exploiters.
Money crypto is the projects that, they use decentralization as a marketing term or a tactic. TechCrypto, is a group of, builders, who use decentralization as a design principle progressive, moving towards rigorous decentralization. And so, CeFi, money crypto absolutely should be regulated. It has served some good purposes maybe. So it certainly onboarded a lot more people, a lot faster to our ecosystem.
That's maybe good. Maybe it was bad in retrospect because we we would've, been on a an exponential we are on an exponential growth curve. Essentially builders come in, a new wave after wave of innovation, enables us to grow our ecosystem and usability and scalability, affordable use cases. And around that exponential, we've got this thing going. Numbs full.
That would get on the way. So a lot of irrational exuberance, a lot of pain, a lot of rational exuberance, a lot of pain, and, maybe we we could've done without that. And, how do we how do we do without that? We would have need regulator support. So where were they when we needed them?
Now now they're here, and they're trying to to shut down tech innovation. So tech crypto, it's software, it's free speech. Don't don't regulate innovation. That's dumb. Regulate use cases.
Couldn't agree more. This is amazing.
@digitalassetbuy - Digital Asset Investor.XRP
We are over the ! Watch the @60Minutes piece again but stare at the FTX Org chart while you watch it. Was he playing video games while he organized this too??? If there ever was a Government operation this was it.
@digitalassetbuy - Digital Asset Investor.XRP
Wow Wow Wow
reSee.it AI Summary
Marc Berger's alleged involvement in coordinating the paper in Lubin's pocket for an Ethereum ICO, Hinman's coordination of the ETH free pass speech, and Berger's role in targeting Nerayoff to prevent him from speaking out. Additionally, the question arises if Clayton, Hinman, and Berger orchestrated the Ripple suit before Clayton's departure. Steven Nerayoff, John Deaton, Brad Garlinghouse, and Stuart Alderoty are relevant figures.
@digitalassetbuy - Digital Asset Investor.XRP
Did Marc Berger helped coordinate the piece of paper in Lubin’s pocket so they could do Ethereum ICO? Did Hinman coordinate ETH free pass speech? Was Berger involved in going after Nerayoff to keep him from talking? Did Clayton Hinman Berger make sure ripple suit was filed then walk out the door? @StevenNerayoff @JohnEDeaton1 @bgarlinghouse @s_alderoty @ripple
@digitalassetbuy - Digital Asset Investor.XRP
Congress #ETHGATE is real. You owe the people an investigation into SEC conflicts of interest leading to the Bill Hinman Ethereum Free Pass Speech on June 14th, 2018. @GaryGensler will be in front of you this week. The World Is Watching! RETWEET! @HesterPeirce @SECHerrenLee
Video Transcript AI Summary
Mark Cantor discusses the four elements of a tort: duty, breach of duty, causation, and damages. He explains that the government can be sued under the Federal Tort Claims Act for certain personal injuries. The United States Securities and Exchange Commission (SEC) has a duty of care to protect investors and maintain fair markets. If the SEC violates this duty, it is considered a breach. Causation refers to whether the SEC's actions caused injuries. The damages resulting from the SEC's actions include market cap losses of about $15 billion in the XRP market and the prevention of XRP's intended use case. XRP also faces competition from Bitcoin and Ethereum, which have obtained regulatory freedom.
Full Transcript
Speaker 0: To the battlefield.
Speaker 1: Hi. I'm Mark Cantor. We're at my office today at Cantor Injury Law. And today, I'm going to talk to you about the 4 elements of a tort. Duty, breach of the duty, causation, and damages.
Speaker 2: Ordinarily, the government is immune from being sued. However, under Federal Tort Claims Act. You can sue the government for certain personal injuries.
Speaker 1: So there are 4 elements to a tort. The first is that there's a duty of care.
Speaker 0: So what is the duty of care for the United States Securities and Exchange Commission? Well, looking at the SDC website, which was recently modified as of August 19, 2022, their duty of care is very plainly stated for all to see. 1st, the mission of the SCC is to protect investors and maintain fair, orderly and efficient markets. Their vision is to promote capital markets that inspire public confidence and provide a diverse array of financial opportunities to retail and institutional investors Entrepreneurs, public companies and other market participants. They achieve their mission and vision or their duty of care by focusing on their values.
These include integrity, quote, we inspire public confidence and trust by adhering to the highest Ethical standards, accountability quote, we embrace our responsibility and hold ourselves accountable to the American public and also fairness. Quote, we treat investors, market participants and others fairly And in accordance with the law.
Speaker 1: So they have a duty not to act recklessly, not to be unreasonable. So when they violate that duty, you say that they breached that duty of care. The next element is cause, causation. Did what they do, did what the bad actor do cause your injuries?
Speaker 0: So on December 17, 2020, which was 5 days prior to the date the SCC filed the action against ripple and others. Professor Joseph The William May Franke professor of law and business at Stanford law school and a former commissioner at the SCC Right to all of the 5 currently active commissioners at the SCC. Quote, an enforcement proceeding at this time is highly problematic. Simply initiating the action will impose substantial harm on innocent holders of XRP regardless of the ultimate resolution. Given the significance of liquidity to the XRP market, the withdrawal of intermediaries will most likely cause.
That's right. Most likely cause for emphasis. 1,000,000,000 of dollars of losses to innocent third party holders. This result would, to my knowledge, be unprecedented. I am aware of no instance in which the Simple announcement of a commission enforcement proceeding has absent allegations of fraud, misrepresentation or omission cause.
That's right. Cause for emphasis. Multi $1,000,000,000 losses to innocent third party. Creating precedent And imposing losses of this sort raises public policy concerns.
Speaker 1: Duty, breach of the duty, causation and damages.
Speaker 0: So what are the damages from the SCC's actions? Well, According to a September 9, 2022 article in AMB Crypto, attorney John Deaton has asserted that the SCC's actions against Dex r p cost investors about $15,000,000,000 in losses. But that's just market cap loss from loss of liquidity in the XRP market, from exchanges dropping XRP and investors selling. What about the damages resulting from the prevention by the s c c of XRP's ultimately intended use case occurring for several years.
Speaker 2: What is interledgers total addressable market size? All the money.
Speaker 0: What about XRP having to compete in a free market against the likes of Bitcoin in Ethereum. When each of Bitcoin and Ethereum have obtained regulatory freedom from the SCC. Yet, XRP has been captured by the SCC during the same time.
@digitalassetbuy - Digital Asset Investor.XRP
That map of yours wouldn't happen to include any of these folks would it?
reSee.it AI Summary
Please inform @patrickbetdavid that @JohnEDeaton1 has a whistleblower from Ethereum's founder. Let's bring this to the mainstream as they're attacking John on social media for speaking the truth. @joerogan @TuckerCarlson @glennbeck, cover the biggest financial scandal ever! #ETHGATE
@digitalassetbuy - Digital Asset Investor.XRP
Everyone please make @patrickbetdavid aware that @JohnEDeaton1 now has an Ethereum founder whistleblower. It's time to take this mainstream since they are rug pulling John in social media when he's speaking the truth. Also @joerogan @TuckerCarlson @glennbeck Cover the greatest financial scandal in history if you dare! #ETHGATE
@digitalassetbuy - Digital Asset Investor.XRP
The presentation at the SEC that gave Ethereum the free pass. Recognize anyone? We nailed it long ago.
@digitalassetbuy - Digital Asset Investor.XRP
Don’t mean to overwhelm you @StevenNerayoff but see if this sets off any memories. I’ve always been fascinated by the connection between the people in the closed door SEC ETH meetings and the people who were openly bragging about shorting XRP.
@digitalassetbuy - Digital Asset Investor.XRP
They cut @JohnEDeaton1 off after mentioning a certain VC firm and then they started the spaces back up with a new topic. #ETHGATE is real and they all know it.
Video Transcript AI Summary
Steven, a figure in the crypto world, claims that he was approached by someone who wanted information on everyone in the industry, including big names like Vitalik. He refused to cooperate and thought it was a crazy request. Steven has a legal background and says he played a role in establishing Ethereum as a utility token rather than a security. He believes he created the concept of using ETH as a token to power the network, which led to the creation of gas tokens. If true, this would mean he pioneered this category of tokens.
Full Transcript
Speaker 0: So I remember I remember actually speaking to Steven after this. And when he told me about you know, Steven's a pretty eccentric guy. When Steven told me about this at the time, I thought this sounds absolutely crazy. I said, Steven, what do you mean? And he said, they want information on everyone.
They want the dirt on everyone. And I said, well, who's everyone? And he said, it's everyone. It's it's Vitalik. It's it's it's and he he listed off a a list of the biggest people in crypto.
And he said, they want information, everyone. He said, I decided I'm not gonna give it to him, and I'm gonna fight it till then. And I remember at the time thinking to myself, this sounds like a crazy, crazy, crazy story. Because he's going there for I mean, they're going after him for extortion, and now they're asking him to basically rat out every single, the, person in crypto. Now just some background for those people who don't know much about Steven.
So Steven has been around crypto for a long time, he's got a legal background. And he claims to have been the the architect of the reason why Ethereum is a utility token and not a security. So he claims, after, that he was the one that came out up with the mechanism whereby Ethereum is used there's gas on network and therefore makes it a utility token and not a securities token. Again, he he will you know, he can he can he can tell you a story himself. I have read the Camille the book around the theory.
I can't remember what it's called. It's written by Camilla. Just, the name escapes. I don't know if any anybody one of the speakers remembers the name. So, you know, there, they do talk about him being involved very, very, very early in the days where, Charles Hoskinson was there and, all the all the the the original founders.
And Steven claimed to have been the one to come up with the concept of a utility of ETH being used as a token need to power the network and therefore making it a a utility. And that effectively means that he created the whole category. If that's true, then, you know, his breakthrough, would have been the breaks who had created the whole category of these gas tokens or tokens that power a network.
@digitalassetbuy - Digital Asset Investor.XRP
Piece of Paper in Joe Lubin's Pocket @JohnEDeaton1 @StevenNerayoff After reading John's book I'd hate to be the bad guy. He's looked into hell. I don't think he scares easy.
Video Transcript AI Summary
Steve Niroff recently tweeted about a significant piece of paper that Joe Lubin mentioned before the ETH ICO. The tweet reveals that Steve Bayoroff received that piece of paper from Lubin. This discovery is important and brings us closer to the truth. While some may have hyped it up too much, it is still significant news. People have been fighting for transparency, and we are finally getting closer to achieving it.
Full Transcript
Speaker 0: There is an email that just went out, not an email, but a tweet that just went out by Steve Niroff. Okay? Now I want you to to read what it says. Alright? Remember that piece of paper that Joe Lubin talked about?
And he said, Before the ETH ICO, I had a piece of paper in my bucket. Right? Well, there it is. Look at the date, people. Guess who got that piece of paper in Joe Lubin's pocket?
That's right. Steve Bayoroff. All right. So that's extremely significant. And I want you to just think about that for a minute.
That's extremely significant. And and and so that's why, I was excited about it. And, you know, I I apologize if Other people kept hyping it up to the point where short of me announcing that the case was settled or that that XRP was going to $2 or something that it gonna disappoint people, but we are getting closer to the truth. And I think it is significant. And I think it is big news because at the end of the day, How long has people been fighting for this?
Right. We just want transparency and we're getting closer.