Godlike Productions - Discussion Forum
Users Online Now: 1,233 (Who's On?)Visitors Today: 230,918
Pageviews Today: 295,682Threads Today: 59Posts Today: 969
02:29 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!

 
sorrow'sTear
Offer Upgrade

User ID: 72896110
United States
05/01/2023 03:13 PM
Report Abusive Post
Report Copyright Violation
Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Coinbase has filed suit against the SEC to answer their petition to rule on digital assets, which they asked for like last July.

Prior to the lawsuit filing, the only response from the SEC was to issue a vague wells notice to Coinbase that they are in violation of something security related. Mind you, this is after the SEC green-lit Coinbase going public.

Just recently has soft-forced Bittrex out of the US market, with Gemini likely soon to follow. Maybe Kraken has some staying power? I don't know. Coinbase is really the only one that can possibly hold it's own against the SEC for a little while.

And for you crypto haters, this isn't anyone's just desserts. I get it that people hate what they don't understand, but this is no different than anything else. The SEC has screwed us in all the markets. They chewed Forex to an absolute nub, so no one but market-makers could make any money. No hedging, FIFO, while the rest of the world enjoys all the risk and possibility they want. The SEC is squarely against anyone making money.

Pay attention: this could easily turn into the "Peoples Crypto vs. The CBDC". The people do not want to lose this one.



[link to www.coinbase.com (secure)]

[link to www.coindesk.com (secure)]
Anonymous Coward
User ID: 85715451
05/01/2023 03:59 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
All money is a ponzi scheme.
Anonymous Coward
User ID: 79336278
United States
05/01/2023 04:00 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Do we really want the Fed bailing out coinbase when it suffers a bank run?
sorrow'sTear  (OP)

User ID: 72896110
United States
05/01/2023 04:10 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Do we really want the Fed bailing out coinbase when it suffers a bank run?
 Quoting: Anonymous Coward 79336278


Is that a concern? If the SEC would make a ruling on digital assets, it certainly could distance itself from any BS bailing of any kind.

But this isn't about bail-outs; it's about not disclosing a the rule or a decision on the rule to follow, and using a heavy hand because it doesn't like being asked to be clear on a subject.
Anonymous Coward
User ID: 81529206
United States
05/01/2023 04:11 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Coinbase is not crypto

it's an institutional vampire feeding off crypto
Butch DeFeo

User ID: 83141632
United States
05/01/2023 04:13 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Correct, OP. Crypto needs clarification and perhaps some regulations.

SEC is crooked which should surprise no one here.

Last Edited by Butch DeFeo on 05/01/2023 04:13 PM
:DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS:
Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN.
sorrow'sTear  (OP)

User ID: 72896110
United States
05/01/2023 04:14 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Coinbase is not crypto

it's an institutional vampire feeding off crypto
 Quoting: Anonymous Coward 81529206


I can agree with that, but crypto does need on-ramps.
Anonymous Coward
User ID: 84167705
United States
05/01/2023 04:15 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
as soon as the banks go bust it’s not gonna matter the dollar will crash the clowns at the SEC won’t be getting a paycheck government gone woke and broke
Anonymous Coward
User ID: 85632690
Canada
05/01/2023 04:16 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Coinbase is not crypto

it's an institutional vampire feeding off crypto
 Quoting: Anonymous Coward 81529206


Agree. They don’t represent what crypto stands for anyway… and im a crypto hater.
Anonymous Coward
User ID: 74109783
United States
05/01/2023 04:17 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Coinbase has filed suit against the SEC to answer their petition to rule on digital assets, which they asked for like last July.

Prior to the lawsuit filing, the only response from the SEC was to issue a vague wells notice to Coinbase that they are in violation of something security related. Mind you, this is after the SEC green-lit Coinbase going public.

Just recently has soft-forced Bittrex out of the US market, with Gemini likely soon to follow. Maybe Kraken has some staying power? I don't know. Coinbase is really the only one that can possibly hold it's own against the SEC for a little while.

And for you crypto haters, this isn't anyone's just desserts. I get it that people hate what they don't understand, but this is no different than anything else. The SEC has screwed us in all the markets. They chewed Forex to an absolute nub, so no one but market-makers could make any money. No hedging, FIFO, while the rest of the world enjoys all the risk and possibility they want. The SEC is squarely against anyone making money.

Pay attention: this could easily turn into the "Peoples Crypto vs. The CBDC". The people do not want to lose this one.



[link to www.coinbase.com (secure)]

[link to www.coindesk.com (secure)]
 Quoting: sorrow'sTear


anyone that invested in bits, deserves to lose the real assets they invested. DON'T INVEST IN AIR PEOPLE!!
Anonymous Coward
User ID: 74828966
United States
05/01/2023 04:19 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
All I see is one third party after another getting in the way of one's wealth.

Now, what has no third party interference? I dunno.
sorrow'sTear  (OP)

User ID: 72896110
United States
05/01/2023 04:22 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
All I see is one third party after another getting in the way of one's wealth.

Now, what has no third party interference? I dunno.
 Quoting: Anonymous Coward 74828966


I like that observation. Everything must convert down to the $Dollar, until there is a new mindset and we ignore the governments money.

Maybe that was the whole thing with crypto wealth. A diabolical plan for people to be allowed to make tons of money, so the government would absolutely need to step in.
Anonymous Coward
User ID: 81529206
United States
05/01/2023 04:26 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Coinbase is not crypto

it's an institutional vampire feeding off crypto
 Quoting: Anonymous Coward 81529206


I can agree with that, but crypto does need on-ramps.
 Quoting: sorrow'sTear


Having institutional 'on ramps' that track and tax you defeats the whole purpose of crypto

it was meant as an alternative to the current money system

peer to peer, and decentralized exchanges that do not require identification is the answer

own your wallet, there's no need to let coinbase keep your crypto for you

it just takes a few moments to set up your own wallet and send your coins to it from coinbase. that's the first step to true 'financial' independence
Anonymous Coward
User ID: 85481556
United States
05/01/2023 04:28 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Metallicus, the company behind MetalPay,Proton and Metal Blockchain is the only company that I'm aware of that is compliant with SEC.

They've built on-chain KYC and offer a DEX (protondex.com) and lending platform (protonloan.com).
sorrow'sTear  (OP)

User ID: 72896110
United States
05/01/2023 04:34 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Coinbase is not crypto

it's an institutional vampire feeding off crypto
 Quoting: Anonymous Coward 81529206


I can agree with that, but crypto does need on-ramps.
 Quoting: sorrow'sTear


Having institutional 'on ramps' that track and tax you defeats the whole purpose of crypto

it was meant as an alternative to the current money system

peer to peer, and decentralized exchanges that do not require identification is the answer

own your wallet, there's no need to let coinbase keep your crypto for you

it just takes a few moments to set up your own wallet and send your coins to it from coinbase. that's the first step to true 'financial' independence
 Quoting: Anonymous Coward 81529206


My first purchase was through coinbase about 8 years ago. I knew no other way. Additionally, I've rarely left my crypto on an exchange for any extended period of time.
Anonymous Coward
User ID: 85597408
Canada
05/01/2023 06:08 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Pay attention: this could easily turn into the "Peoples Crypto vs. The CBDC".
 Quoting: sorrow'sTear


schemingsmoking1
hillbilly aka Cornpone
User ID: 79632299
United States
05/01/2023 06:18 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
I neither love nor hate currency. It's a tool.
As for the Moneyclangers and Dividers, yeah....
Anonymous Coward
User ID: 38733927
Canada
05/01/2023 06:30 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
The bankers WANT to use crypto, to herd everyone into DIGITAL ONLY CBDC.

But for that the cryptos and exchanges need to follow the rules. Can't have anyone quickly getting rich and getting out, or any of that.

They want to use cryptos to divert some of the 'investment' (more like 'speculative') flows that would otherwise go into precious metals.

So it benefits them in that regard and they want to keep that aspect of cryptos. But without any of the 'private' 'decentralized' aspects, that are what make crypto attractive to begin with.

Basically they want it to be a controlled casino, like the stock, bond and FX markets.
Anonymous Coward
User ID: 81926609
United States
05/01/2023 06:46 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Correct, OP. Crypto needs clarification and perhaps some regulations.

SEC is crooked which should surprise no one here.
 Quoting: Butch DeFeo


Yes, to add:

It already is free from strict control and regulation. The DECs lawsuit was their attempt to lay claim to it as a security.

That lawsuit failed.

Crypto, as predicted, eludes firm control and regulation because of it's decentralization.
Butch DeFeo

User ID: 83141632
United States
05/01/2023 06:51 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Correct, OP. Crypto needs clarification and perhaps some regulations.

SEC is crooked which should surprise no one here.
 Quoting: Butch DeFeo


Yes, to add:

It already is free from strict control and regulation. The DECs lawsuit was their attempt to lay claim to it as a security.

That lawsuit failed.

Crypto, as predicted, eludes firm control and regulation because of it's decentralization.
 Quoting: Anonymous Coward 81926609


Ethereum is in danger of being labeled a security and when it is, they Ethereum will have a hard time because it ICOed outside the US and has other problems that would be found out. Some cryptos will be harmed by SEC fuckery and some will not.
:DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS:
Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN.
Anonymous Coward
User ID: 79799121
Australia
05/01/2023 07:30 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
i don’t think they can stop crypto. the rest of the world wants it. this is different than online poker. or something else. this is the future…. the metaverse will run off crypto…. all the new tech will run off crypto. all the games, NFTs…etc etc. crypto.

they can issue a cbdc. and they can fuck day traders. but they ain’t stopping this crypto train
Anonymous Sojourner
User ID: 77971193
United States
05/01/2023 07:33 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Pay attention: this could easily turn into the "Peoples Crypto vs. The CBDC". The people do not want to lose this one.



[link to www.coinbase.com (secure)]

[link to www.coindesk.com (secure)]


anyone that invested in bits, deserves to lose the real assets they invested. DON'T INVEST IN AIR PEOPLE!!



The Truth Here...---> Try this on for Size , "Anon"....(achoo-*FED*)

1st, No Sound Money since (twice) declaring Bankruptcy.. USA is Incorporated...HolySee & British Territorial United States ... Gold~Silver separated from Our "dollar" DECADES ago. So , talking of Air... What's the Petro-dolllar...?¿?

2nd, & 3RD--->>> Bitcoin is a Finite Supply of Currency. Meaning fed can't artificially inflate supply, aka NO More INFLATION TAX...

But that's not the Kicker. Walk this thing through the Whole WAY...Bitcoin WILL END the farsical Corporatocracy... it Will End the Federal fake "govt"... It's years to come, but Mark My Word, It Shall!!! Full Stop:


U.C.C. 1-308
WITHOUT PREJUDICE

ALL RIGHTS RESERVED

***PRIVATE & CONFIDENTIAL***
dogman17

User ID: 85313004
United States
05/01/2023 07:37 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Crypto is infected with NIV (No Intrinsic Value).
Just don't make anything up.
Anonymous Coward
User ID: 85469226
United States
05/01/2023 07:39 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Metallicus, the company behind MetalPay,Proton and Metal Blockchain is the only company that I'm aware of that is compliant with SEC.

They've built on-chain KYC and offer a DEX (protondex.com) and lending platform (protonloan.com).
 Quoting: Anonymous Coward 85481556


You're smart. Mtl will be $10 in the future
Anonymous Coward
User ID: 73411036
United States
05/01/2023 07:45 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Crypto is infected with NIV (No Intrinsic Value).
 Quoting: dogman17


I could never invest in farts in the wind. There's nothing there, no consumer tax base, no energy backing (petro-dollar), no government, nothing, just ones and zeros.

At least the CBDC has the backing of a government, and the tax income they receive. Bitcoin has nothing.

You'd have to be retarded to put your money into one and zeros, with absolutely nothing backing them.
Anonymous Coward
User ID: 83247570
United States
05/01/2023 07:50 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
The government will end crypto when it starts banning the ownership of gold.
sorrow'sTear  (OP)

User ID: 85679251
United States
05/01/2023 08:17 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
The Truth Here...---> Try this on for Size , "Anon"....(achoo-*FED*)

1st, No Sound Money since (twice) declaring Bankruptcy.. USA is Incorporated...HolySee & British Territorial United States ... Gold~Silver separated from Our "dollar" DECADES ago. So , talking of Air... What's the Petro-dolllar...?¿?

2nd, & 3RD--->>> Bitcoin is a Finite Supply of Currency. Meaning fed can't artificially inflate supply, aka NO More INFLATION TAX...

But that's not the Kicker. Walk this thing through the Whole WAY...Bitcoin WILL END the farsical Corporatocracy... it Will End the Federal fake "govt"... It's years to come, but Mark My Word, It Shall!!! Full Stop:


U.C.C. 1-308
WITHOUT PREJUDICE

ALL RIGHTS RESERVED

***PRIVATE & CONFIDENTIAL***
 Quoting: Anonymous Sojourner 77971193


These are reasons I will always keep one bitcoin, whether I can cash it out to dollars or not.

Last Edited by 52YearOldVirgin on 05/01/2023 08:19 PM
sorrow'sTear  (OP)

User ID: 85679251
United States
05/01/2023 08:19 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
Correct, OP. Crypto needs clarification and perhaps some regulations.

SEC is crooked which should surprise no one here.
 Quoting: Butch DeFeo


Yes, to add:

It already is free from strict control and regulation. The DECs lawsuit was their attempt to lay claim to it as a security.

That lawsuit failed.

Crypto, as predicted, eludes firm control and regulation because of it's decentralization.
 Quoting: Anonymous Coward 81926609


They are still acting like it is a security though.
The_Mothman_Prophet

User ID: 85379905
United States
05/01/2023 08:39 PM
Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
All money is a ponzi scheme.
 Quoting: Anonymous Coward 85715451


Commietard detected.

Sound money isn't a Ponzi scheme.
You best start believing in conspiracy theories, you're living in one!
Coldkidc

User ID: 85286692
United States
05/01/2023 08:45 PM

Report Abusive Post
Report Copyright Violation
Re: Listen up! This effects you Crypto Haters just as much as the Crypto Lovers!
All money is a ponzi scheme.
 Quoting: Anonymous Coward 85715451


Life is a ponzi scheme
Coldkidc





GLP