June 2023 - cypherpunks - lists.cpunks.org

COMMENTARY AND OPINION Could exemplary damages discourage corporate wrongdoings?
by Gunnar Larson 19 Jun '23

19 Jun '23

By Tets Ishikawa13 June 2023 Save articlePlease Sign in to your account to use this feature In a fast-evolving world of technological, commercial and societal evolution, the law is constantly playing catch-up. Consequently, this lag creates a commercial opportunity for sophisticated and well-resourced businesses to arbitrage in the pursuit of profit. Think Lloyd v Google, where wrong-doing was established (by the Fair Trade Commission), yet Google was able to retain the revenues thus generated. Or, put another way, today’s wrongfully earned profits far outweigh the cost of being successfully litigated against in the future (weighted not only by the probability of such litigation being successful but also the time value of money). Tets Ishikawa Tets Ishikawa Source: Lionfish The real consequence is how this impacts recourse for victims through legal remedy. There’s not much to do about this arbitrage but what exacerbates the problem is the cost of recourse and the underfunded judiciary and the public bodies who exist to enforce justice. ADVERT Katherine Freeland’s Chasing Money highlights this in respect of fraud and why private prosecutions are necessarily validated. Beyond the criminal justice system, the recently published 2022 UK Judicial Attitude Survey, a continuous survey of working judges with a response rate of above 90% across salaried judges and 67% of fee-paid court judges, highlighted the on-going 'poor' or 'unacceptable' morale of court staff. This cannot be good for delivering justice. Beyond the unrealistic canvasing of the justice secretary, there is one rarely discussed option – a punishment tax based on principles of exemplary damages. For most UK lawyers, the notion of UK jurisprudence moving beyond a compensatory approach is simply offensive. Winning claimants shouldn’t be overcompensated by way of an undeserved financial windfall which would encourage more vexatious or 'punt-like' litigation, stressing an already stretched judiciary. However, there is more to exemplary damages. PARTNERSHIP In 1997, the Law Commission, chaired at the time by the future Supreme Court Justice Lady Arden of Heswall, published its final report in respect of Item 2 of the Sixth Programme of Law Reform – Aggravated, Exemplary and Restitutionary Damages. Interestingly, support for introducing exemplary damages was broad because rather than focusing on the negatives it might lead to, it turned to the positive deterrent such damages could play. If the offensiveness is caused by the concept of 'damages' because it benefits a somewhat undeserving claimant, then the focus should shift to the concept of 'tax': punishing wrong-doers where it hurts (i.e. money) for the benefit of the judiciary. In other words, rather than framed as exemplary damages, it would be a punishment tax, where the proceeds of any such 'tax' go to the judiciary rather than the claimants. Again, one can hear grunts of sheer abhorrence but there are some obvious significant benefits. For a start, it would have a significant behavioural impact, changing attitudes of current and prospective wrong-doers towards litigation risk. Let us assume, as above, that wrong-doers assess litigation risk of any given commercial decision not against a legal construct but against a commercial construct where today’s wrongfully earned profits far outweigh the cost of being successfully litigated against. Currently, this risk assessment only assumes damages to put the victim back into the position it would otherwise have been in had it not been for the wrong-doing the wrong-doer is about to commit. If successfully litigated against, with the risk of an additional 'tax', the commercial assessment of the litigation risk would become mathematically less favourable. ADVERT Even if the litigation risk was still worth taking, once they are found out for a wrong-doing leading to litigation, the stakes of losing are much higher with a punishment tax. If a defendant wrong-doer knows they have committed wrong, a settlement becomes far more attractive. Moreover, only the most convinced (of their innocence or strength of their defence) would pursue matters to trial. Moreover, settlements save court time and mitigate the financial burdens faced by the commercial courts. For those defendants that braved a trial and lost, the wrong-doer would not only have to pay ordinary damages to the claimant but also an additional tax. How that punishment tax is calculated would of course need to be determined. At this point, one can hear the sighs of traditionalists saying it’s too difficult to calculate anyway. But this applies to any tax. Income and corporation tax rates only make sense because they are historically benchmarked. The advantage of having no benchmark is the opportunity to create a fit-for-purpose benchmark. It could for example be guideline-based, such as a percentage or multiple of the headline claim value. A restitutionary approach would also be logical, where the tax is equal to the wrongfully earned profits (with 8% judgment interest in line with s17 of the Judgments Act 1838 of course). Alternatively, it could be at the court’s discretion based on what it believes is an appropriate amount to act as both sufficient punishment and deterrent, which will vary from case to case anyway. The central point though is that any such amount would go back into the judiciary. Put another way, the more underfunded the judiciary, the more leverage for potential wrong-doers, leading to an increase in litigation which means more wrong-doing and a more stressed judiciary. Not exactly a vicious circle society wants to get trapped in. And the bigger picture: if wrong-doing in commercial litigation helped fund the criminal justice system to create a safer, most just society, it’ll be a win-win because it would create a better society, even for the profit-motivated wrong-doers, in which they can enjoy their undeserved profits. Tets Ishikawa is managing director of LionFish, a litigation funder Topics Comment Save articlePlease Sign in to your account to use this feature Related articles David Syed Opinion Europe should support Latin American integration 15 June 2023 Eduardo-Reyes-2019 Opinion Days in court 14 June 2023 Francis Dingwall Opinion Post Office scandal: echoes of Watergate? 9 June 2023 LOAD MORE ARTICLES Premier job Search jobs by keyword Search jobs by keyword FIND JOBS Browse over 3,200 law jobs. Get jobs by email. 3 Readers' comments You're not signed in. Only registered users can comment on this article. SIGN IN REGISTER SORT BY Chris Robinson #CommentAvatarLabelCommented on:16 June 2023 7:41am That's very interesting idea. It goes some way to compensate for the lack of prosecutions for regulatory breaches. It could apply only where the court was satisfied that a breach had taken place, not easy on the evidence in a civil dispute, but there must be cases where it could be done. The money, like all fines, should go to the exchequer, avoiding conflicts of interest inherent in the court being funded by fines. Unsuitable or offensive? Report comment Vote upYou have already voted0Please Sign in to your account to use this featureVote downYou have already voted0Please Sign in to your account to use this feature Anonymous #CommentAvatarLabelCommented on:15 June 2023 9:52am "If the offensiveness is caused by the concept of 'damages' because it benefits a somewhat undeserving claimant, then the focus should shift to the concept of 'tax': punishing wrong-doers where it hurts (i.e. money) for the benefit of the judiciary" "benefits a somewhat undeserving claimant"? The claimant is undeserving of the wrongdoing - not undeserving of restitution for the wrong doing, surely. Unsuitable or offensive? Report comment Vote upYou have already voted0Please Sign in to your account to use this featureVote downYou have already voted0Please Sign in to your account to use this feature Anonymous #CommentAvatarLabelCommented on:14 June 2023 9:22am A 'punishment tax'? That's what is usually known as a fine. A punishment tax that goes to pay for the salary and pension of the person (the judge, along with the court staff) who decides whether the punishment tax is payable and in what sum? That sounds more like some kind of mafia shake-down to me. How could the courts ever be absolved of having a conflict of interest, if their continued operation is financially dependent on them levying sufficient 'punishment taxes'? https://www.lawgazette.co.uk/commentary-and-opinion/could-exemplary-damages…

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EMAX and NYCCoin
by Gunnar Larson 19 Jun '23

19 Jun '23

Well, this keeps getting more interesting. You know, with xNY.io we we're worried about the Mayor. But with the eMAX token, we just found out the below So, with eMAX and NYCCoin it seems both Mayor's were up to something below: https://drive.google.com/file/d/13-QUHsoLPN3mR89t6qjcxwfC8j_jHQJE/view?usp=… "43. In 2016, Defendant Rechnitz pled guilty to honest services fraud in connection with a wire fraud conspiracy and bribery scheme involving the New York City mayor’s office and the New York Police Department’s Correction Officer’s Benevolent Association.7 Following his guilty plea, Rechnitz began to cooperawith authorities in connection with their ongoing investigation and later testified at trial of his co-conspirators." "44. At the trial of his co-conspirator Norman Seabrook, government prosecutors elicited testimony from Defendant Rechnitz describing instances in which he had lied to law enforcement officials, failed to report certain income, fostered illegal relationships with members of the New York City Police Department, bribed New York police officers in exchange for various illegal privileges, bribed New York politicians in order to secure access and the promise of future benefits from said politicians and their staffs, violated election laws by fundraising by way of “straw donors,” procured a police chaplaincy despite not having religious credentials, and solely for purposes of obtaining the prestige and privileges associated with that title, and lied about owning certain properties in order to impress others." See you later, Gunnar

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Tethered to the State
by professor rat 19 Jun '23

19 Jun '23

“In the last two years, I’ve been in good contact with regulators that are 100% interested in creating a safe environment for cryptocurrencies and blockchain technology to thrive,” Tether’s chief technology officer revealed. https://crypto.news/the-vision-of-tethers-paolo-ardoino-cypherpunk-ideals-r… Ciao Paolo - Reposts not endless reminders that if you COMPLY you DIE

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[spam][crazy][ot] MCBoss Spinoffs 3
by Undiscussed Horrific Abuse, One Victim of Many 19 Jun '23

19 Jun '23

A heroic MCBoss stands over a peaceful valley. Their respendlent cape flutters in a gentle breeze. "I am not a sociopathic pedophile," MCBoss contemplates, as they heroically enter a nearby tavern. "What'll it be?" asks the barkeep of MCBoss. ---

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Universal Neural-Cracking-Machines: Self-Configurable Password Models from Auxiliary Data
by Undescribed Horrific Abuse, One Victim & Survivor of Many 18 Jun '23

18 Jun '23

bumped into this while scrubbing briefly for metalearning information https://arxiv.org/abs/2301.07628 We introduce the concept of "universal password model" -- a password model that, once pre-trained, can automatically change its guessing strategy based on the target system. To achieve this, the model does not need to access any plaintext passwords from the target credentials. Instead, it exploits users' auxiliary information, such as email addresses, as a proxy signal to predict the underlying password distribution. Specifically, the model uses deep learning to capture the correlation between the auxiliary data of a group of users (e.g., users of a web application) and their passwords. It then exploits those patterns to create a tailored password model for the target system at inference time. No further training steps, targeted data collection, or prior knowledge of the community's password distribution is required. Besides improving over current password strength estimation techniques and attacks, the model enables any end-user (e.g., system administrators) to autonomously generate tailored password models for their systems without the often unworkable requirements of collecting suitable training data and fitting the underlying machine learning model. Ultimately, our framework enables the democratization of well-calibrated password models to the community, addressing a major challenge in the deployment of password security solutions at scale.

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[ot][spam][crazy] smidges of thinking of learning go
by Undescribed Horrific Abuse, One Victim & Survivor of Many 18 Jun '23

18 Jun '23

i wanted to add cloning to gothub, but go confuses me when considering learning a new language, it’s also valuable to consider how hard it would be in the future. usual a good software developer is language agnostic, such that even new languages are easy to work in.

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Cryptocurrency: SEC Binance Virtue News etc...
by grarpamp 18 Jun '23

18 Jun '23

Saylor: "Ultimate humanitarian act? Put all your money in bitcoin, die with your keys. Because you know you have made a pro-rata distribution to the virtuous." I'm from third world country and i just reached 0.2BTC😁 Been DCA a lot for last 3 years. Is it me, or are the governments and media really doing everything in their power to get us to sell our crypto? Isn't it a bit odd that a collective action against Binance starts at the exact same time frame at which BlackRock is filing for a BTC ETF? NatWest, a bank that explicitly restricted crypto-related transactions post-SVB,now requires prior notice for withdrawals over £2000, as well as an interview and "documentation" like an invoice. It now seems clear crypto was made a scapegoat for ailing and failing banks(or certainly for NatWest) Police tell Bitcoin ATM firm to 'go to hell,' take scam victim's cash from machine Binance Reaches Deal With Government to Avert U.S. Shutdown (nytimes.com) by Marketing_Usual [–]kryptoNoob69420Platinum | QC: CC 608 77 points78 points79 points 13 hours ago (23 children) Under the agreement, funds belonging to customers of Binance.US would go into special digital repositories accessible only to the U.S. exchange — and not to Binance’s larger international operation, or its founder, Changpeng Zhao. The deal stipulates that Binance.US can transfer company assets “solely to make payments for expenses or to satisfy obligations incurred in the ordinary course of business.” Makes sense. permalink embed save report give award reply [–]RedBunery 63 points64 points65 points 12 hours ago (9 children) US would go into special digital repositories accessible only to the U.S. exchange — and not to Binance’s larger international operation, or its founder, Changpeng Zhao. The fact that this wasn't the case previously is rather unnerving. permalink embed save parent report give award reply [–]Electronic-Past53511 - 2 years account age. -15 - 35 comment karma. 36 points37 points38 points 10 hours ago (3 children) Yeah. I was listening to an interview with Gary and he was saying how the thing he doesn't like with crypto exchanges is how they handle various operations that legacy-wise would require multiple different entities so funds aren't co-mingled or that an exchange doesn't have a trading desk that is betting against its user, which is very reasonable. When we think of the NYSE, they are an exchange. Period. They do not do custody, they do not borrow nor lend, they do not manage trades - those are all done by other institutions. I feel this fuck SEC has been blown out of proportion like everything is with crypto. Yes they are not angels, but they are not evil demons permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 17 points18 points19 points 9 hours ago (0 children) This is part of the sensible regulation we need in crypto. If you step outside the crypto bubble, there’s such a negative perception of it. Like an absolutely awful perception by most people. Regulation is the answer to changing this. It’s never going to be anything more than exchanges failing with investor’s funds, VC’s dumping on retail and worthless pump and dump tokens without it. permalink embed save parent report give award reply [–]PooOopyOpinionTin -4 points-3 points-2 points 10 hours ago* (0 children) The thing is that those “multiple different entities” developed as they did for a reason. It’s arguable that a major reason for crypto’s growth has been the crypto space’s centralization of these roles in exchanges. This makes it easier to scam people of their money, which is the true purpose of cryptocurrency. permalink embed save parent report give award reply [+]Kumomax1911Silver | QC: CC 373, ETH 18 | EOS 382 comment score below threshold-8 points-7 points-6 points 6 hours ago* (0 children) Gary won't even pickup the phone for the largest crypto exchange in the US. You are not seeing the whole picture/debate. Not even close. Not fuck the SEC (many are good in the SEC, and fighting against his over reach). Fuck Gary. He is a 100% a liar with an agenda. Do not trust anything he says before you take the time to hear all sides. Gary is good at bullshittng. He's not an idiot. permalink embed save parent report give award reply [–]TNGSystems 5 points6 points7 points 7 hours ago (4 children) I’m of the opinion, perhaps naively, that it really shouldn’t be so hard to operate a profitable exchange. Customer assets are not loaned out or used, and all you do is charge a fee per trade and a fee to withdraw and there! What else do you need to do? permalink embed save parent report give award reply [–]Smp208fTin 0 points1 point2 points 28 minutes ago* (0 children) The irony is that it is. People are just greedy. FTX was supposedly making $10M-$20M a day on fees, which is insane money. But of course $3B+ in revenue a year wasn’t enough for SBF… permalink embed save parent report give award reply [+]debtfreegoalPlatinum | QC: CC 89, DOGE 66 comment score below threshold-6 points-5 points-4 points 6 hours ago (2 children) Well an exchange needs to hold the crypto they sell. So that is some expense there. And imagine your exchange wants to offer some meme coin, but you buy on the pump! Then it dumps down… well you just FOMO’d in and now when you sell, you just took a loss! So yeah, not as easy as it may seem. permalink embed save parent report give award reply [–]StolenApe 3 points4 points5 points 2 hours ago (0 children) I’m not following how the price of an asset matters to the exchange. Stock exchanges don’t live or die by stock prices permalink embed save parent report give award reply [–]TNGSystems 2 points3 points4 points 5 hours ago (0 children) For new coins they can just require third parties to be market makers. permalink embed save parent report give award reply [–]greenappletree 9 points10 points11 points 10 hours ago (1 child) Makes so much sense as to wonder y it was not there in the first place hah hopefully when the smoke clears we will have better rules a d standards going forward permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 5 points6 points7 points 9 hours ago (0 children) It hasn’t been there in the first place becuz of the lack of regulation in this space. permalink embed save parent report give award reply [–]002_timmy 29 points30 points31 points 13 hours ago (8 children) So basically they can’t disappear with the money permalink embed save parent report give award reply [–]NequienttTin 3 points4 points5 points 4 hours ago (0 children) A lot of this exchanges are running away from US because the wild wild west is over for them there, also Sec wants customers funds to be guaranteed even if exchange goes down which for a lot of them is a big no no. permalink embed save parent report give award reply [–]BeyonderrPlatinum | QC: CC 1253 17 points18 points19 points 13 hours ago (5 children) Was Gary looking out for us all along? Im so confused. permalink embed save parent report give award reply [–]emp-sup-bryBronze | QC: CC 22 | LRC 6 9 points10 points11 points 9 hours ago (0 children) Yes, which is what the voices of reason were trying to say all along. Skeptics are important but there are also some real idiots that work from political philosophy outward to such a degree that every nail is to be hammered, etc. permalink embed save parent report give award reply [–]RedBunery 24 points25 points26 points 12 hours ago (2 children) This is the kind of regulation I think all of us can get behind. No one wants scenarios where crypto CEO vanish with customer funds. Think GG could build a lot of bridges if he started talking about steps like this more. permalink embed save parent report give award reply [–]emp-sup-bryBronze | QC: CC 22 | LRC 6 7 points8 points9 points 9 hours ago (0 children) And this is the kind of regulation that builds a bridge of safety for more people to enter the space. There is a lot of money out there funding anti regulation propaganda, and them that are funding ain’t on the side of retail. permalink embed save parent report give award reply [–]BeyonderrPlatinum | QC: CC 1253 1 point2 points3 points 9 hours ago (0 children) Well said. I dont think that was a risk with CZ but some assurance works for me. permalink embed save parent report give award reply [–]2BFrank69Tin | 2 months old -2 points-1 points0 points 2 hours ago (0 children) The Wallstreet mafia want him out. What does that tell you? permalink embed save parent report give award reply [–]Interview_Party -2 points-1 points0 points 9 hours ago (0 children) But some exchanges just did, they are out there preventing what ifs than chasing have beens. permalink embed save parent report give award reply [–]ArcosimSilver | QC: CC 51 | VET 22 | Technology 39 0 points1 point2 points 8 hours ago (0 children) Indeed, much less severe than what I previously expected. permalink embed save parent report give award reply [–]MayorAnthonyWeinerPlatinum | QC: CC 83, XMR 31, BTC 17 | Buttcoin 17 | Finance 27 0 points1 point2 points 5 hours ago (0 children) Yea I don’t hate this permalink embed save parent report give award reply [–]n1ghsthadeI suggest you do it now 24 points25 points26 points 13 hours ago (7 children) Ok, Bitcoin to 100k now permalink embed save report give award reply [–]BeyonderrPlatinum | QC: CC 1253 9 points10 points11 points 13 hours ago (4 children) This 2021 is soooo long. Thankfully, 2021 Q11 we will finally see 100K. permalink embed save parent report give award reply [–]n1ghsthadeI suggest you do it now 2 points3 points4 points 13 hours ago (3 children) Look at the bright side, we don't age permalink embed save parent report give award reply [–]002_timmy 5 points6 points7 points 13 hours ago (2 children) Oh, I’ve aged. permalink embed save parent report give award reply [–]BeyonderrPlatinum | QC: CC 1253 2 points3 points4 points 13 hours ago* (0 children) Me too. I started my crypto journey in 2021 and its been a crazy 10 years permalink embed save parent report give award reply [–]n1ghsthadeI suggest you do it now 1 point2 points3 points 13 hours ago (0 children) I don't even see your face, not sure whether that's good or bad. permalink embed save parent report give award reply [–]Puzzleheaded-Sun-363Tin 0 points1 point2 points 10 hours ago (0 children) Better late than never! permalink embed save parent report give award reply [–]Hawke64Platinum | QC: CC 199 0 points1 point2 points 5 hours ago (0 children) We are a bipolar bunch, aren't we? permalink embed save parent report give award reply [–]BeyonderrPlatinum | QC: CC 1253 20 points21 points22 points 13 hours ago (6 children) Im increasingly starting to believe we are living in a simulation. This timeline is insane. permalink embed save report give award reply [–]SkuniMasterMind 1 point2 points3 points 11 hours ago (0 children) Odds are higher that we live in simuation than that we are not. So yeah, nothing nothing amazes me anymore permalink embed save parent report give award reply [–]HodlMyBottleTin | Politics 15 0 points1 point2 points 11 hours ago (0 children) What are we simulating? Dystopia!!? permalink embed save parent report give award reply [–]Popular_Worry_9294Tin 0 points1 point2 points 10 hours ago (0 children) It feels like we’re part of a Black Mirror episode sometimes permalink embed save parent report give award reply [–]Hawke64Platinum | QC: CC 199 0 points1 point2 points 5 hours ago (0 children) The simulation broke down after Harambe's death 🦍 permalink embed save parent report give award reply [–]antiprogres_ -1 points0 points1 point 7 hours ago (0 children) If we lived in a simulation, reality would NOT be that weird permalink embed save parent report give award reply [–]Dipsi1010Tin | BTC critic | SHIB 393 -1 points0 points1 point 7 hours ago (0 children) What about this makes you think its a simulation? permalink embed save parent report give award reply [–]colonycom 8 points9 points10 points 13 hours ago (6 children) Money answereth all things under this sun! permalink embed save report give award reply [–]JoNwOrDy 2 points3 points4 points 12 hours ago (0 children) Binance: "Money answereth all things under this sun, except for regulatory scrutiny. But we've got that covered now... with money." permalink embed save parent report give award reply [–]SQUIRMANDESAUR 0 points1 point2 points 11 hours ago (0 children) If money didn't solve your problem, just add another 0 until it solves it. permalink embed save parent report give award reply [+][deleted] 12 hours ago (1 child) [deleted] [–]branddz -1 points0 points1 point 11 hours ago (0 children) Better money. Better world. Bitcoin. permalink embed save report give award reply [–]SimbaTheWeaselBronze | QC: ALGO 18 -1 points0 points1 point 9 hours ago (0 children) No lies told here permalink embed save parent report give award reply [–]azdood85Platinum | QC: CC 20 | Politics 194 -1 points0 points1 point 7 hours ago (0 children) Money staying in the U.S. answereth all things under this sun! Ftfy permalink embed save parent report give award reply [–]boerenbrokBronze | CRO 7 15 points16 points17 points 13 hours ago (10 children) ‘Part of the deal: a lot of money’ permalink embed save report give award reply [–]AbysskittenPlatinum | QC: CC 80 7 points8 points9 points 12 hours ago (3 children) "Cash rules everything around me." permalink embed save parent report give award reply [–]kirtash93The Ash Ketchum of Crypto | Gotta Catch 'Em All 0 points1 point2 points 11 hours ago (1 child) Everybody must pay a tribute to the SEC and lord Gary Gensler. permalink embed save parent report give award reply [–]rahhumilovedogsTin 0 points1 point2 points 8 hours ago (0 children) Unfortunately, sec has unlimited legal fees paid by those it "protects." permalink embed save parent report give award reply [–]tzarkeeTin 0 points1 point2 points 11 hours ago (0 children) Except when a different asset class provides better risk adjusted yields permalink embed save parent report give award reply [–]Odd-Radio-8500Tin | 2 months old 1 point2 points3 points 12 hours ago (0 children) Money playing its part permalink embed save parent report give award reply [–]JoNwOrDy 1 point2 points3 points 12 hours ago (1 child) Binance: "We're not shutting down in the U.S., we're just paying a lot of money to stay open. But don't worry, we'll make it all back in fees." permalink embed save parent report give award reply [–]rahhumilovedogsTin 0 points1 point2 points 8 hours ago (0 children) Pay sec or pay binance. Same thing just in a different place. permalink embed save parent report give award reply [–]badfishbeefcakeSilver | QC: CC 100 | ADA 32 | PoliticalHumor 42 -1 points0 points1 point 12 hours ago (0 children) to whom? 😂 permalink embed save parent report give award reply [–]jorneypTin | SHIB 11 6 points7 points8 points 13 hours ago (1 child) This is good news at least the avoided something bad from happing until they clear things out permalink embed save report give award reply [–]kirtash93The Ash Ketchum of Crypto | Gotta Catch 'Em All -1 points0 points1 point 13 hours ago (0 children) They probably reached the classic agreement of "how much money you have to pay me" in a form of tribute to our Great Lord Mr. Gary Gensler. All this stuff ends this way. They pay a fine and move on. Banks do it all the time. BTC$69k confirmed by end of June 2023 🚀💰 permalink embed save parent report give award reply [–]coinfeeds-botApproved CC Bot 2 points3 points4 points 12 hours ago (0 children) tldr; The Securities and Exchange Commission (SEC) has reached a deal with Binance that will allow the cryptocurrency exchange to continue operating in the US and safeguard customer assets as it battles a government lawsuit. The SEC had filed fraud charges against Binance on June 5 and moved to freeze the firm's US assets, which the exchange's lawyers said would put it out of business in the US. Under the agreement, funds belonging to customers of Binance.US would go into special digital repositories accessible only to the US exchange and not to Binance's international operation or its founder, Changpeng Zhao. This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. permalink embed save report give award reply [–]Mrramirez44Tin | CC critic 2 points3 points4 points 10 hours ago (0 children) So common sense regulations? permalink embed save report give award reply [–]DurbanDawgTin 2 points3 points4 points 6 hours ago (1 child) Finally some good news for once. permalink embed save report give award reply [–]Marketing_Usual[S] 0 points1 point2 points 6 hours ago (0 children) I'll give you some more bad news tomorrow permalink embed save parent report give award reply [–]Florian995Tin 1 point2 points3 points 13 hours ago (5 children) The deal: Gery Gensler gets an ass full of money permalink embed save report give award reply [–]MichaelAischmann 4 points5 points6 points 13 hours ago (1 child) And CZ gets an ass full of Gary Gensler. permalink embed save parent report give award reply [–]Florian995Tin 1 point2 points3 points 13 hours ago (0 children) That’s a high price to pay for him lol permalink embed save parent report give award reply [–]DBRiMattThe Great Australian Shitposter 0 points1 point2 points 13 hours ago (0 children) And we continue the Sec-Binance dance! permalink embed save parent report give award reply [–]special_onigiri 0 points1 point2 points 13 hours ago (0 children) Nah everyone gets money. permalink embed save parent report give award reply [–]WineMakerBgTin 1 point2 points3 points 13 hours ago (2 children) TLDR: Indulgence Paid - Full remission of all sins. permalink embed save report give award reply [–]Probably_notabotTin | CC critic 2 points3 points4 points 7 hours ago (0 children) Time to move on to some fresh, new sins permalink embed save parent report give award reply [–]CryptizardAcademic Cryptographer 0 points1 point2 points 2 hours ago (0 children) Why would you make a TLDR when you didn’t even read the article yourself? That’s not what happened at all. permalink embed save parent report give award reply [–]Unleashyourstand 0 points1 point2 points 13 hours ago (4 children) With money, anything is possible 💫 permalink embed save report give award reply [–]002_timmy 2 points3 points4 points 13 hours ago (1 child) With money & crime permalink embed save parent report give award reply [–]InsaneMcFriesPlatinum | QC: CC 256 0 points1 point2 points 12 hours ago (0 children) Rules for thee, not for me permalink embed save parent report give award reply [–]SimbaTheWeaselBronze | QC: ALGO 18 1 point2 points3 points 9 hours ago (0 children) 🚀🚀🚀 we need more dollars! permalink embed save parent report give award reply [–]sdc_gimPlatinum | QC: CC 106 | BANANO 8 0 points1 point2 points 13 hours ago (0 children) BULLLLLL! permalink embed save report give award reply [–]Dubby635 0 points1 point2 points 13 hours ago (0 children) Someone bent over and took it from Uncle Sam. permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 13 hours ago (0 children) Makes me wonder how much Binance paid for this “compromise” permalink embed save report give award reply [–]bvandepol 0 points1 point2 points 13 hours ago (0 children) You're fired Binance.. No I quit.. permalink embed save report give award reply [–]Mediocre_Suspect_203Tin 0 points1 point2 points 12 hours ago (0 children) So sec fucked around…it’s dripping…lots of big new player buy in and it’s going up… permalink embed save report give award reply [–]Illicitterror 0 points1 point2 points 12 hours ago (1 child) CZ got to Pay to Play. permalink embed save report give award reply [–]SimbaTheWeaselBronze | QC: ALGO 18 0 points1 point2 points 9 hours ago (0 children) Pay and play with CZ 👀 permalink embed save parent report give award reply [–]MajorLeons 0 points1 point2 points 12 hours ago (0 children) The special digital repo statement is a good one. I hope the same process can be done to other exchanges. permalink embed save report give award reply [–]RobCali509Platinum | QC: LTC 621 | BCH critic | TraderSubs 610 0 points1 point2 points 11 hours ago (0 children) Get ready for the super cycle permalink embed save report give award reply [–]elysiansaurusPlatinum | QC: CC 20 | CAKE 6 | r/WSB 286 0 points1 point2 points 8 hours ago (0 children) Binance is saved boys, BNB to the moon! /s permalink embed save report give award reply [–]Pr0MeisterTin 0 points1 point2 points 8 hours ago (0 children) I expect the EU will try to barter something similar to ensure the funds of its citizens. permalink embed save report give award reply [–]Inevitable-Lie-4277Tin 0 points1 point2 points 5 hours ago (0 children) Let's see effect of this on market permalink embed save report give award reply [–]NimChimspkyBronze | Java 16 0 points1 point2 points 5 hours ago (0 children) The correct pockets were lined permalink embed save report give award reply [–]Crazyskipper18 0 points1 point2 points 1 hour ago (0 children) customers of US are permitted to withdraw funds from the platform, according to the order filed by US judge Amy Berman Jackson in Washington federal court. permalink embed save report give award reply [–]organisednoiseTin 0 points1 point2 points 17 minutes ago (0 children) Binace seems too big to fail. The amount of sketchy practices they have to funnel money from A to B, allows them to throw as much money as they need to get out of any problem. permalink embed save report give award reply [–]The-Francois8Silver|QC:CC928,BTC178,ETH39|CelsiusNet.50|ExchSubs42 -1 points0 points1 point 12 hours ago (0 children) I mean I know this is good for crypto, short term and long, but part of me enjoyed seeing CZ squirm a little. permalink embed save report give award reply [–]456080107Tin | LRC 5 -1 points0 points1 point 5 hours ago (0 children) GIANT FUCKIN HEAD permalink embed save report give award reply

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Cryptocurrency: Gensler SEC Regulators Earn A Big F.U. - DEX And P2P Shall Prevail
by grarpamp 18 Jun '23

18 Jun '23

Crypto Community Slams Gensler SEC... https://twitter.com/tyler/status/1613674686646484992 https://www.cnbc.com/2023/01/12/sec-charges-genesis-and-gemini-with-selling… https://www.wsj.com/articles/sec-sues-crypto-firms-genesis-and-gemini-over-… https://www.theblock.co/post/201805/sec-charges-gemini-and-genesis-for-unre… https://www.pymnts.com/cryptocurrency/2021/coinbase-sec-only-agency-that-de… Humans have a God Given Right to buy sell transact trade whatever. "Unregistered Securities" is bogus dictat term of authoritarian Power. Personal Responsibility Education and Diligent Research, Buyer Beware, FreeSpeech of Community Review, you will lose real money, etc all apply as usual. Please also be 100% crystal fucking clear that the SEC, FINRA, NYDFS, and all other entities worldwide will happily let you buy and lose 100% of any shit stock on the market, and they REFUSE to compensate you when their "Registered Security" goes to ZERO on you. Thus Gensler SEC is full of hypocrite shit to claim they are "protecting investors". The only thing all these elites are protecting is their ability to reap first dibs on any profits from anything profitable via their "accredited" caste. This Gensler SEC FUD will be sent to FAIL miserably by the entirety of the crypto world. https://www.youtube.com/watch?v=xWAwK2fHArc Crypto - No Regulators https://archive.org/details/TheCreatureFromJekyllIslandByG.EdwardGriffin https://libertarianinstitute.org/dont-tread-on-anyone/the-most-dangerous-su… https://www.youtube.com/watch?v=Y460qLK0-ZA https://www.libertarianism.org/media/classics-liberty/lysander-spooner-no-t… https://mises.org/library/no-treason-no-1 https://fee.org/resources/economics-in-one-lesson/ Tyler Winklevoss @tyler 5h 7/ Oh, and on a more positive note, bitcoin hit 19k today! Onward! 149 32 9 546 Show this thread Cameron Winklevoss retweeted Tyler Winklevoss @tyler 5h 6/ For the avoidance of doubt, Gemini has always worked hard to comply with all relevant laws and regulations. Any suggestion to the contrary is unsupported by the facts. 76 13 7 298 Show this thread Cameron Winklevoss retweeted Tyler Winklevoss @tyler 5h 5/ But seriously, what is the point or urgency here? The Earn program has been shut down for almost two months. 43 19 12 447 Show this thread Cameron Winklevoss retweeted Tyler Winklevoss @tyler 5h 4/ We look forward to defending ourselves against this manufactured parking ticket. And we will make sure this doesn’t distract us from the important recovery work we are doing. 31 35 35 631 Show this thread Cameron Winklevoss retweeted Tyler Winklevoss @tyler 5h 3/ Despite these ongoing conversations, the SEC chose to announce their lawsuit to the press before notifying us. Super lame. It’s unfortunate that they’re optimizing for political points instead of helping us advance the cause of 340,000 Earn users and other creditors. 58 47 28 737 Show this thread Cameron Winklevoss retweeted Tyler Winklevoss @tyler 5h 2/ As a matter of background, the Earn program was regulated by the @NYDFS and we’ve been in discussions with the SEC about the Earn program for more than 17 months. They never raised the prospect of any enforcement action until AFTER Genesis paused withdrawals on November 16th. 28 47 23 559 Show this thread Cameron Winklevoss retweeted Tyler Winklevoss @tyler 5h 1/ It’s disappointing that the @SECGov chose to file an action today as @Gemini and other creditors are working hard together to recover funds. This action does nothing to further our efforts and help Earn users get their assets back. Their behavior is totally counterproductive. 506 330 123 1,858 Show this thread Craig Salm @CraigSalm Jan 12 @Grayscale will soon file the next brief in our suit challenging SEC's decision to deny $GBTC conversion to a spot #Bitcoin #ETF. The case is moving swiftly. While timing is uncertain, oral arguments may be as soon as Q2. Final decision in DC Cir. App. Court could come by Fall.🧵 62 104 18 534 Show this thread https://dcgupdate.com/ @Blockworks_ 14 Dec 2022 Rep. Cynthia Lummis: Digital assets are not on trial. Fraud and organizations are on trial

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GotHub is a javascript-free GitHub frontend in agpl golang on codeberg
by Undescribed Horrific Abuse, One Victim & Survivor of Many 18 Jun '23

18 Jun '23

source: https://codeberg.org/gothub/gothub site: https://gothub.app/ instance: https://gh.bloatcat.tk/ # GotHub Alternative front-end for GitHub written with Go. (WIP) [![Matrix](https://matrix.to/#/#gothub:matrix.org) [![Website](https://gothub.app) ## Features - Lightweight - for both you and the instance host - No JavaScript - pure HTML and CSS goodness - No requests made to GitHub from the client side - they won't even know you made a request! - Open source - for peer review & trustworthiness - Save bandwidth - no JavaScript/tracking bloat loaded! ## Comparison to GitHub Tested with PageSpeed Insights. Using ansible/ansible as a test repo. | Performance | GotHub=100 | GitHub=81 | | Requests | GotHub=3 | GitHub=88 | | Resource Size | GotHub=8kb | GitHub=629kb | | Time to Interactive | GotHub=0.9s | GitHub=2.7s | Quite the difference, isn't it? ## Instances ### Difference between branches The `master` branch runs on the master branch of GotHub. This means that the instance is running a stable, tested version of GotHub that doesn't get updated as much as `dev`. Doesn't mean they're bad, though. `dev` instances run on the dev branch of GotHub. This might mean they are more up-to-date than other instances, but at the same time, they might not be (instance admin might not always update their instance, no auto-updates etc.). You can get the latest and greatest straight out of Git, but you could meet on bugs and other nasty things. | Link | Cloudflare | Country | ISP | Branch | | -------- | ---------- | ----------- | ----- | ----- | | [gh.akisblack.dev](https://gh.akisblack.dev) | No | Germany | OVHcloud | master | | [gh.bloatcat.tk](https://gh.bloatcat.tk) | No | Iceland | 1984 | master | | [gothub.lunar.icu](https://gothub.lunar.icu) | No | Germany | Avoro | master | | [gothub.no-logs.com](https://gothub.no-logs.com/) | No | Sweden | Vultr | master | | [gothub.projectsegfau.lt](https://gothub.projectsegfau.lt) | No | GeoDNS (Luxembourg/USA/India) | BuyVM/Digital Ocean/Airtel | master | | [gh.fascinated.cc](https://gh.fascinated.cc) | Yes | Germany | Contabo | master | | [gh.whateveritworks.org](https://gh.whateveritworks.org) | Yes | Germany | Hetzner | master | | [dev.gh.akisblack.dev](https://dev.gh.akisblack.dev) | No | Germany | OVHcloud | dev | | [gh.creller.net](https://gh.creller.net) | No | Scotland | British Telecommunications PLC | dev | | [gothub.dev.projectsegfau.lt](https://gothub.dev.projectsegfau.lt) | No | Luxembourg | BuyVM | dev | Have an instance you want on the list? Make an issue or PR! You can find a json-list of the same in [gothub/gothub-instances](https://codeberg.org/gothub/gothub-instances). ### Instance rules These are the rules an instance must follow to be in our official instance list. Most of these rules have been copied from the [invidious project](https://docs.invidious.io/instances). - Instance MUST have been updated in the last month. - Instances using any EXTERNAL DDoS Protection / MITM / Anti-Bot protection MUST be marked as such. - Instances MUST NOT use any sort of web analytics - Instances MUST NOT serve ads - Instances MUST NOT restrict or disallow the access / usage to any natural person (eg. a country's IP range MUST NOT be blocked, access by a natural person MUST NOT be disallowed for arbirary reason) - this rule doesn't apply to juridical persons. These rules may change at any time, we will inform the current hosters in the list, and give them 2 weeks so they can correct it ## Setup See [gothub.app/docs](https://gothub.app/docs) for information about setting up GotHub. ## Scraping GotHub utilizes scraping powered by [Colly](http://go-colly.org/) to retrieve information from GitHub for everything except the explore page. By default, GotHub uses Chrome on Windows 10 as the user agent, but you can change it by setting the `GOTHUB_USER_AGENT` environment variable. ## Funding Our domain [gothub.app](https://gothub.app) is funded by the [Project Segfault](https://projectsegfau.lt) team, which is our only expense other than blood, sweat and tears. So, if you'd like to donate to GotHub, you can donate it to your favourite instance host or [Project Segfault](https://projectsegfau.lt/donate). ## DMCA/Legal notice All content shown on a GotHub instance is from GitHub. Any issues with content shown on a GotHub instance need to be reported to GitHub, not the instance host's internet or domain provider. GitHub is a registered trademark of GitHub, Inc. GotHub is not affiliated with GitHub, Inc.

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[ot][personal] Karl, it’s okay to try to find the positive in something
by Undescribed Horrific Abuse, One Victim & Survivor of Many 17 Jun '23

17 Jun '23

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