February 2023 - cypherpunks - lists.cpunks.org

Anti War: Thread
by grarpamp 18 Oct '23

18 Oct '23

Because the world may be getting closer to some sort of real war, and because among some cypherpunk cadres are claims that crypto solves for everything... the great diviner of truth, and decider of right from wrong. https://www.antiwar.com/ https://en.wikipedia.org/wiki/Anti-war_movement Ex-CIA Officer Asks: What Happens When America Experiences Real War With A Superpower? https://libertarianinstitute.org/articles/vietnam-regurgitated/ During my first years as a young CIA officer in Vietnam from 1965-67, I went to school (so to speak) and received the real education of my life. I learned about my government, its politicians, and military leaders. I learned about the lies, the high explosive and chemical bombings, our superior fire power, villages bombed and burned, the payoffs we made to our ranking Vietnamese allies and the reasons for our losing the war. The enemy fought to unite their country and expel foreign domination. The US fought because of corrupt leadership and our losses were a mere fraction being fought on the enemy’s turf with our superior fire power, money and material support. They fought for a cause. We fought for no justifiable reason. They won. We did not. AP image: Napalm strike near US troops on patrol in South Vietnam, 1966. Remember the body bags displayed on the tarmacs of our returning dead from Vietnam? Not like the lack of media coverage today given the damage we inflict. Remember the disapproving reception of our returning soldiers? Now we celebrate them as heroes and wounded patriots. Here, at home, we have not experienced wars employing mass-destruction weapons. Maybe one day will we receive an education about the consequences of wars as a nation. Surely, we learned nothing from Vietnam as it never happened here. Our commitment to the two-decade, multi-country invasions in the Middle East have shown our cowardliness to the world if not to ourselves. Our hypocrisy is stunning. No draft, no engagement (almost no KIA’s each year). Far more troop suicides than battle deaths while displacing, killing and maiming thousands of innocent civilian lives year after year. For whom and what? And, yes, a media in full march step with these disgraceful invasions and occupations. Remember the uproar about Vietnam? Burned draft cards, asylum in Canada, draft dodgers, street demonstrations and sit-ins galore. And why not these now? The unending, shameful action by our government is making sure the public is not paying a price in people. No draft, very limited engagement with the enemy and an approving media. What more can our government and Pentagon ask for? We will keep dropping bombs and feeding others money and weapons to assist with the killing and displacing of innocent populations for us. But are these wars really for us? Certainly not. Remember George W. Bush, and his failing presidency, who was made a hero the morning after 9/11 with his WMD declaration that fooled no one but Americans? Not a sound from the citizenry. Would we try the pitiful WMD routine on China or Russia? They have the ability to hit back. The national celebration that greeted George H.W. Bush in death is a far cry from his presidency. It was not until after 9/11 that George W. Bush obeyed the lobbies’ demands to destroy Iraq that his father was resurrected and the son was hailed as our glorious leader. Remember his welcoming carrier landing which turned out to be a dud? These wars that we persist with are not only cowardly, they demonstrate our lack of respect for other nations, their people and our national conscience. Notably, they demonstrate our being a failed nation not capable of controlling or directing its own interests. We will go down in history as that most powerful, but most surrogate nation ever. Stunningly shameful with the blood of others staining our once proud national emblem. While we busy ourselves with "enemies" that we and "friendly" others have invented, we have become oblivious to the enemy within. The one taking us down.

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Collapse: Earth Overshoot Day
by grarpamp 12 Oct '23

12 Oct '23

You stupid Humans ran out of resources three days ago on 2021-07-29... https://en.wikipedia.org/wiki/Earth_Overshoot_Day https://www.overshootday.org/ https://www.footprintnetwork.org/

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Censorship: Twitter Takeover Totally Panics Political Regime of LeftLibDemSocMediaTechPol
by grarpamp 21 Sep '23

21 Sep '23

“They would rather self-immolate than give up their censorship programs. This shows you how deeply committed they are to Orwellian control of the narratives and global discourse. Scary,” "Want to see the whole world lose their shit? Get Peter Thiel to partner with Elon and raise the bid for Twitter" The corrupt US Left is in total freakout mode, and they don't have enough to fend off those intent on finally cancelling their fraud, lol. Regardless of outcome it is distributed uncensorable systems that must now be created and prevail over all such legacy systems. Twitter Facebook Google and Fake News Media... "fuck them all in their fucking faces". This is old school takeover, for even more fun just wait till the freedom loving cryptoanarchist $TeraCap starts to swing its massive dick around. It's working. Musk Speaking To Co-Investors As Twitter Board Adopts "Poison Pill" To Thwart Hostile Takeover In an attempt to move along his hostile takeover following Twitter's adoption of a poison pill takeover defense (see below), the NY Post reports that Elon Musk is speaking to potential co-investors who could partner with him on a bid for the social network, and cites sources according to whom a new plan that includes partners could be announced within days. One possibility is teaming with private-equity firm Silver Lake Partners, which was planning to co-invest with him in 2018 when he was considering taking Tesla private, and whose Co-CEO Egon Durban is already a Twitter board member and led Musk’s deal team during the 2018 failed effort to take Tesla private, sources said. Silver Lake declined to comment. Whether Musk would present Twitter with an entirely new offer — perhaps raising his current bid — or whether new partners would simply go in on a purchase with him isn’t clear. A Musk spokesperson declined to comment. As we predicted earlier (see below), one way to circumvent Twitter's Poison Pill is for Musk "to be joined by one or more like-minded, anti-censorship investors such as Peter Thiel who either build up stakes through the poison pill 15% limit in the process making a management and board replacement by proxy vote the simple outcome." And indeed, the Post writes now that the "pill may not stop other entities or people from acquiring their own shares of up to 15% of the company. Those owners could partner with Musk to force a sale, make changes in the executive ranks or push for other overhauls of the company." “This is not over,” a source close to the situation told the Post. It sure isn't because separately, Bloomberg, Reuters and the Post all report that besides Musk’s offer, Twitter has been fielding takeover interest from other parties, including technology-focused private equity firm Thoma Bravo, which is considering making a rival offer. The New York Post reported Thoma Bravo’s interest on Thursday. Additionally, Bloomberg Intelligence analyst Mandeep Singh writes that “Musk could decide to partner with Oracle, whose co-founder Larry Ellison sits on Tesla’s board and has expressed interest in acquiring social media company TikTok’s U.S. assets, and a private equity consortium that includes Thoma Bravo to thwart Twitter’s poison pill, while raising the bid 10-15% to about $50 billion.” * * * As was widely expected and reported in the aftermath of Elon Musk going hostile on Friday morning, on Saturday morning Twitter adopted a measure that will shield it from hostile acquisition bids in a desperate step to prevent billionaire Elon Musk’s offer to take the company private and make it a bastion of free speech. The board set up a shareholder rights plan, also known as a "poison pill" which as we clarified yesterday for the benefit of the company's overly dramatic, overly literal and overly snowflake employees, is not literal... Uhm, someone should probably advise employees "poison pill" is not literal... — zerohedge (@zerohedge) April 14, 2022 ... and which is exercisable if a party - read Elon Musk - acquires 15% of the stock without prior approval, lasting for one year (if the pill had expired the day after the midterms it may have been a bit too obvious). The plan seeks to ensure that anyone taking control of Twitter through open market accumulation pays all shareholders an appropriate control premium, according to a statement Friday. For a company that has struggled greatly with value creation - on Friday TWTR stock closed at $45.08, or 18 cents higher than where it closed on its first day as a public company, or $44.90 - a poison pill defense strategy allows existing shareholders the right to purchase additional shares at a discount, effectively diluting the ownership interest of the hostile party. Poison pills are common among companies under fire from activist investors or in hostile takeover situations. Under Twitter’s plan, each right will entitle its holder to purchase, at the then-current exercise price, additional shares of common stock having a then-current market value of twice the exercise price of the right. Twitter enacted the plan to buy time, Bloomberg reported citing a person familiar with the matter, although it wasn't clear time for what: at $54.20, Musk's offer represents a premium to the historical TWTR price since IPO on 92% of the time. And since the Twitter board, whose constituents are listed below... ... is about to get bombarded with a barrage of lawsuits claiming it violated its fiduciary duty, the board also said it wants to be able to analyze and negotiate any deal, and may still accept it (spoiler alert: it won't). Twitter’s board met Thursday to review Musk’s proposal - which according to the world's richest man was his “best and final” offer and who had already accrued a stake of more than 9% in Twitter since earlier this year - to determine if it was in the best interest of the company and all of its shareholders. Included in Musk’s securities filing disclosing the bid Thursday morning was a script of text he sent to the company. In it he said, “it’s a high price and your shareholders will love it.” Hilariously, one prominent - and former - investor said the offer was too low and the market reaction appeared to agree. Saudi Arabia’s Prince Alwaleed bin Talal said the deal doesn’t “come close to the intrinsic value” of the popular social media platform. Which is, well, hilarious since as we showed yesterday, it appears the Prince no longer has direct ownership of even one share of Twitter stock. Speaking later Thursday at a TED conference, Musk said he wasn’t sure he “will actually be able to acquire it.” He added that his intent was to also retain “as many shareholders as is allowed by the law,” rather than keeping sole ownership of the company himself. After initially surging, Twitter shares dropped 1.7% in New York on Thursday, reflecting the market’s view that the deal is likely to be rejected or to fall through. Musk first disclosed his Twitter stake on April 4, making him the largest individual investor. At the TED conference, he indicated that he has a Plan B if Twitter’s board rejects his offer. He declined to elaborate. But in his filing earlier in the day, he said he would rethink his investment if the bid failed. “If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder,” said Musk. * * * Previewing the poison pilll defense, on Thursday, Cameron Winklevoss, founder of the Gemini cryptocurrency exchange, tweeted (of course) that “Twitter is considering a poison pill to thwart @elonmusk’s offer." In response, Musk said that a “poison pill” move would be a "breach" of the board's fiduciary duty and could expose Twitter’s board to “titanic” legal liability. If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty. The liability they would thereby assume would be titanic in scale. — Elon Musk (@elonmusk) April 14, 2022 Winklevoss alleged in his tweet that, by adopting the poison pill tactic, Twitter was demonstrating its commitment to preserving the status quo even if it has a negative impact on existing shareholders. “They would rather self-immolate than give up their censorship programs. This shows you how deeply committed they are to Orwellian control of the narratives and global discourse. Scary,” he wrote. Twitter has repeatedly suppressed and "shadowbanned" conservative viewpoints, allegations the company has repeatedly denied. Adam Candeub, a law professor at Michigan State University, said that Twitter’s board could face legal consequences if they turn down an offer that’s financially lucrative to shareholders. “Twitter’s owned by shareholders, and the directors have to act in a way that’s in their best interests, not in the way that allows them to keep control of the corporation,” Candeub told The Epoch Times. “If they turn down a very favorable price, there will be dereliction of their legal duty, and there could be lots of legal consequences.” * * * Now that his original plan has been thwarted, Musk has said that he has a "Plan B" in stock for the company although he did not disclose what it is. As Mark Cuban pointed out yesterday... Want to see the whole world lose their shit ? Get Peter Thiel to partner with Elon and raise the bid for Twitter — Mark Cuban (@mcuban) April 14, 2022 ... one possible response is for Elon to be joined by one or more like-minded, anti-censorship investors such as Peter Thiel who either build up stakes through the poison pill 15% limit in the process making a management and board replacement by proxy vote the simple outcome, or they just raise the takeover price to a level that even the woke Twitter board can not reject. Or skip the whale investor approach entirely, and open up twitter to a mass investor buyout, in the form of a DAO, where "token holders will get to vote on what's trending and who gets verified." And of course a decentralized group of supporters for "the current thing" will create a DAO to buy Twitter. Token holders will get to vote on what's trending and who gets verified. Ok I'll stop now 😁 — Mark Cuban (@mcuban) April 14, 2022 Alternatively, Musk can take his appeal directly to his 82 million twitter followers (a quarter of Twitter's total 217 million global Daily Active Users) and have them all buy several shares, then pledge them for Elon during the next proxy vote. Because as much as Twitter wants to reject any buyout offer that will prevent it from imposing the censorship its liberal board and employees love so much, there is only so much it can do. In the end, however, the only question is how dedicated is Musk to control Twitter, because if he really wants it, he will get it.

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Re: [spam][crazy][personal][wrong] parts of triangle program
by Undescribed Horrific Abuse, One Victim & Survivor of Many 27 Aug '23

27 Aug '23

i am working on spamm8ng the list with oarts of an old software habit to cope. this is authorized because this is a list where hacktivists, criminals, and researchers would communicate. i am thinking about filling a right triangle, in a grid. i am expecting to make steps on rediscovering millenial computer graphics. this is relax8ng to me and helps me kniw i can relearn to write code and solve puzzles.

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[ot][spam][crazy][crazy][random]
by Undescribed Horrific Abuse, One Victim & Survivor of Many 27 Aug '23

27 Aug '23

1+1=triangle sin 3i matrices are triangle spirals !

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LendingClub: Current Board of Directors
by Gunnar Larson 27 Jul '23

27 Jul '23

Pure honesty, what (if anything) does September 11 have to do with LendingClub's Board of Directors (see below)? LendingClub is a peer-to-peer lending company, headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company claims that $15.98 billion in loans had been originated through its platform ... LendingClub was initially launched on Facebook as one of Facebook's first applications. ---------- Forwarded message --------- From: Anuj Nayar <anayar(a)lendingclub.com> Date: Sun, Oct 24, 2021, 11:36 AM Subject: Re: [EXT] LendingClub: Current Board of Directors To: Gunnar Larson <g(a)xny.io>, Investor Relations <ir(a)lendingclub.com>, Press <Press(a)lendingclub.com> Hi Gunnar On September 11, 2021, in connection with her nomination to serve as superintendent of the New York State Department of Financial Services, Adrienne Harris notified us of her resignation, effective September 12, 2021, from the Company’s Board. Details can be found in the 8k filed on 9/15/21 (below) https://d18rn0p25nwr6d.cloudfront.net/CIK-0001409970/bbc437e4-2920-4d5d-8e0… *From: *Gunnar Larson <g(a)xny.io> *Date: *Saturday, October 23, 2021 at 9:37 AM *To: *Investor Relations <ir(a)lendingclub.com>, Press <Press(a)lendingclub.com> *Cc: *Gunnar Larson <g(a)xny.io> *Subject: *[EXT] LendingClub: Current Board of Directors *CAUTION:* This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Dear Madam or Sir: Good day to you. Surveying market research, I was wondering if you can kindly confirm, from LendingClub's July 15, 2021 press release: - Is Ms. Adrienne Harris currently a member of LendingClub's board of directors? - https://www.prnewswire.com/news-releases/lendingclub-appoints-adrienne-harr… [prnewswire.com] <https://urldefense.proofpoint.com/v2/url?u=https-3A__www.prnewswire.com_new…> - Reviewing your website, Ms. Harris is not referenced: https://www.lendingclub.com/company/leadership - Bloomberg and other sources do not reference Ms. Harris as a LendingClub board member: https://www.bloomberg.com/quote/LC:US [bloomberg.com] <https://urldefense.proofpoint.com/v2/url?u=https-3A__www.bloomberg.com_quot…> Sending you the very best regards. Thank you, Gunnar -- *Gunnar Larson - xNY.io [xny.io] <https://urldefense.proofpoint.com/v2/url?u=http-3A__www.xNY.io&d=DwMFaQ&c=z…> | Bank.org [bank.org] <https://urldefense.proofpoint.com/v2/url?u=http-3A__Bank.org&d=DwMFaQ&c=zW-…>* MSc [unic.ac.cy] <https://urldefense.proofpoint.com/v2/url?u=https-3A__www.unic.ac.cy_blockch…> - Digital Currency MBA [unic.ac.cy] <https://urldefense.proofpoint.com/v2/url?u=https-3A__www.unic.ac.cy_busines…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107 New York, New York 10001 ------------------------------ This message contains confidential information and is intended only for the named addressee. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. If you are not the named addressee, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited.

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Re: Meta Platforms, Inc. Board of Directors - USPTO, Digital Assets and Moscow Exchange
by Gunnar Larson 27 Jul '23

27 Jul '23

Mr. Chollet: It would appear today's correspondence confirms that Meta is seemingly aware of xNY.io's general concern. - Meta has no real advantage questioning xNY.io's relationship with Moscow Exchange. Understand, xNY.io did not file USPTO application(s) seeking approval for a mark that is defined near exact to that of Moscow Exchange. - Furthermore, on March 17, 2022 Sber announced <https://www.sberbank.com/news-and-media/press-releases/article?newsID=cd44d…> digital asset issuance. This is one day before Meta's March 18, 2022 USPTO submission for mark approval relating to digital assets. - Meta's board of directors may understand xNY.io's general concern of coordination and/or lack of coordination that could risk global digital asset marketplace purity. - xNY.io asks not whether Meta's mark would damage the market for the Moscow Exchange (by, for example, devaluing it through parody or criticism), but whether it *usurps* the market by offering a competing substitute, potentially causing significant damage to digital asset purity and blockchain software technology innovation. Mr. Chollet, the last point is key to resolving any question of xNY.io's relationship with Moscow Exchange. xNY.io's March 24, 2022 memo to Meta is clear and honest. We expect that Meta will not aim to muddy the waters on this important concern forward. With all due respect, Meta’s board of directors may understand xNY.io cannot logically accept that the recent USPTO applications are not a marketplace manipulation exercise at xNY.io’s overall expense. Meta’s board of directors must ask itself, to the best of its knowledge, information, and belief, if further inquiry is reasonable under the circumstances? Respectfully, Gunnar Larson -- *Gunnar Larson - xNY.io <http://www.xny.io/> | Bank.org <http://bank.org/>* MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107 New York, New York 10001 On Fri, Apr 1, 2022 at 4:21 PM Chollet, Nicki < NChollet(a)kilpatricktownsend.com> wrote: > Dear Gunnar, > > > > We write to confirm we represent Meta Platforms, Inc. in connection with > this matter. Please direct all further correspondence on this matter to our > attention. > > > > We received your letter dated March 24, 2022 and your follow up from this > morning. We reviewed your correspondence, however, we are unable to > determine the merits of your claim. Specifically, your letter does not > provide any information regarding a specific application or registration > being asserted or any evidence of your relationship with any entity owning > rights in the alleged Moscow Exchange mark. Before we can properly evaluate > or respond to your claim, you will need to provide additional details > regarding the basis for your claim and documentation of your relationship > with Moscow Exchange or ownership in the Moscow Exchange mark. > > > > Meta Platforms reserves all rights. > > > > Sincerely, > > > > > *Nichole Davis Chollet **Kilpatrick Townsend & Stockton LLP* > Suite 2800 | 1100 Peachtree Street NE | Atlanta, GA 30309-4528 > office 404 815 6010 | cell 404 906 6948 | fax 404 541 3387 > nchollet(a)kilpatricktownsend.com | My Profile > <http://www.kilpatricktownsend.com/en/People/C/CholletNicholeDavis> | > VCard <http://www.kilpatricktownsend.com/vcard/NicholeDavisChollet.vcf> > > > > *From:* Gunnar Larson <g(a)xny.io> > *Sent:* Friday, April 1, 2022 7:23 AM > *To:* investor(a)fb.com > *Cc:* MetaProsecution <MetaProsecution(a)kilpatricktownsend.com>; > cypherpunks <cypherpunks(a)lists.cpunks.org> > *Subject:* Re: Meta Platforms, Inc. Board of Directors - USPTO, Digital > Assets and Moscow Exchange > > > > > > > > Dear Meta Board of Directors: > > It has been eight days since our original correspondence, seeking clarity > between Meta's logo and the Moscow Exchange logo. > > > > Offering Meta the benefit of the doubt, noting this could simply be some > misunderstanding ... We seek Meta's clarification by 5:00pm today, Friday > April 1, 2022. > > > > Respectfully yours, > > > > Gunnar Larson > > -- > > *Gunnar Larson - xNY.io <http://www.xny.io/> | Bank.org <http://bank.org/>* > > MSc > <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - > Digital Currency > > MBA > <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship > and Innovation (ip) > > > > G(a)xNY.io > > +1-646-454-9107 > > New York, New York 10001 > > > > On Thu, Mar 24, 2022 at 5:20 PM Gunnar Larson <g(a)xny.io> wrote: > > Dear Meta Board of Directors: > > > > Please find the attached memo > <https://docs.google.com/document/d/1f_fq1GaKNaAUGEyztdm-oMtIuEW2yXj4C5aoN0G…> addressed > to your attention. > > - Today’s correspondence is to kindly submit xNY.io’s overall concern > of Meta Platforms, Inc. and Moscow Exchange mark similarities, > specifically, both marks seemingly resemble a geometric design consisting > of two loops and/orovals touching or intersecting. > > xNY.io kindly asks Meta’s Board to respond by Friday, March 25, 2022 at > 5:00pm EST. > > > > Respectfully yours, > > > > Gunnar Larson > > -- > > *Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>* > > MSc > <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> > - Digital Currency > > MBA > <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> > - Entrepreneurship and Innovation (ip) > > > > G(a)xNY.io > > +1-646-454-9107 > > New York, New York 10001 > > > > > > > > > ------------------------------ > > Confidentiality Notice: > This communication constitutes an electronic communication within the > meaning of the Electronic Communications Privacy Act, 18 U.S.C. Section > 2510, and its disclosure is strictly limited to the recipient intended by > the sender of this message. This transmission, and any attachments, may > contain confidential attorney-client privileged information and attorney > work product. If you are not the intended recipient, any disclosure, > copying, distribution or use of any of the information contained in or > attached to this transmission is STRICTLY PROHIBITED. Please contact us > immediately by return e-mail or at 404 815 6500, and destroy the original > transmission and its attachments without reading or saving in any manner. > > ------------------------------ > > ***DISCLAIMER*** Per Treasury Department Circular 230: Any U.S. federal > tax advice contained in this communication (including any attachments) is > not intended or written to be used, and cannot be used, for the purpose of > (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, > marketing or recommending to another party any transaction or matter > addressed herein. >

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Harvard inflates wood ...
by Gunnar Larson 26 Jul '23

26 Jul '23

Digital Assets: Beauty Is Not in the Eye of the Beholder " ... When recommendations by some consultants and the allocation of TIMBER by Harvard University’s endowment led to broad interest in the asset. Timber funds were launched with the understanding that they provided diversification and enhanced returns. Our analysis showed that timber did not add any value to our clients’ portfolios, and we recommended against investing in timber funds." -Goldman Sachs Investment Group (June 2021): https://drive.google.com/file/d/1yEQupX1a7VS4K6N018Y0SF_0v4lpJWz8/view?usp=…

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Cryptocurrency: US Federal Reserve Bleats FUD To Regulate and Preserve Itself, Exposed
by grarpamp 25 Jul '23

25 Jul '23

Federal Reserve (a private secret unaccountable banking conglomerate) spews yet more FUD propaganda to preserve itself at all costs, same as it did to create itself in the 1910's... https://archive.org/details/TheCreatureFromJekyllIslandByG.EdwardGriffin https://christianobserver.net/documents/creature-from-jekyll-island-by-edwa… https://en.wikipedia.org/wiki/The_Case_Against_the_Fed https://en.wikipedia.org/wiki/End_the_Fed https://en.wikipedia.org/wiki/Criticism_of_the_Federal_Reserve https://www.youtube.com/watch?v=xWAwK2fHArc No Regulators Fed Vice Chair Says Crypto Needs Regulation Now Before It Threatens Stability of Financial System https://dailyhodl.com/2022/07/10/fed-vice-chair-says-crypto-needs-regulatio… https://www.cnbc.com/2022/07/08/feds-brainard-says-crypto-needs-regulation-… The Vice Chair of the Federal Reserve is reportedly saying that crypto regulations need to be enacted now before the digital assets industry threatens the stability of the entire financial system. According to a new report by CNBC, Fed Vice Chair Lael Brainard says that although the digital asset space has the potential to disrupt the financial system, she highlights the significance of regulating the nascent industry while it is still relatively small. “Innovation has the potential to make financial services faster, cheaper and more inclusive, and to do so in ways that are native to the digital ecosystem. It is important that the foundations for sound regulation of the crypto financial system be established now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial system.” Brainard also says the volatile price of cryptocurrencies are particularly troublesome, but notes that the digital asset industry and the traditional financial system still aren’t so intertwined where something can’t be done now to prevent bigger risks in the future. “New technology and financial engineering cannot by themselves convert risky assets into safe ones. Despite significant investor losses, the crypto financial system does not yet appear to be so large or so interconnected with the traditional financial system as to pose a systemic risk. This is the right time to establish which crypto activities are permissible for regulated entities and under what constraints so that spillovers to the core financial system remain well contained.”

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Gunnar The Spammer
by grarpamp 25 Jul '23

25 Jul '23

Now this spammer has sent a hundred completely identical spams and 50MB of duplicate files to this list too. Gunnar joined the three spammers Rat Karl and spittleboy. Stop spamming.

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