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Caitlin Long 🔑
@CaitlinLong_
, 8 tweets, 4 min read Read on Twitter
1/ ANYONE CURIOUS how US laws enable the #securities industry to create phantom securities, eg Dole Food case (36.7m shares outstanding but brokerage statements showed 49.2m valid owners)? The Uniform Commercial Code’s Article 8 indirect ownership regime, enacted in 1994 in all..
2/ ...50 states, enabled this. And now the Uniform Law Commission wants to apply this to #bitcoin & #virtualcurrencies—UGH!!! It’s a recipe for insolvent financial institutions & consumers losing money! The pics in this thread speak volumes abt the loopholes in UCC Art 8 that...
3/ ...enable creation of phantom securities. This is just WRONG! It changed what used to be a clear, direct property right for securities into an “attenuated property right which looks much more like a contract right against the [leveraged securities] intermediary.” This comes...
4/ ...from Chapter 50 “Securities Settlement Systems” by DC Donald in a textbook abt fin mkt infrastructure edited by Gerard Caprio Jr. Per US bankruptcy law, if your securities intermediary goes bust & it doesn’t have the securities it promised you, you become a creditor in...
5/ ...bankruptcy. Heads the banks win, tails the banks win. Why did no one go to jail in the financial crisis? bc of these kinds of loopholes!! They strongly favor securities firms at the expense of investors. Now, ponder applying them to #bitcoin & #virtualcurrencies, which is..
6/ ...what the Uniform Law Commission proposes in the Supplemental Act. This will ENABLE firms to create phantom #bitcoin when a securities intermediary sells a claim to bitcoin that it doesn’t own, which Art 8 makes LEGAL! It’s a back-door way around the 21m cap. In a run-on- ..
7/ ...the-bank or #proofofkeys event, firms will go bust. All owners of #bitcoin also lose bc phantom claims to bitcoin (which are accepted as the real thing) increase its supply, thereby suppressing its price—all else equal. The Supplemental Act is BAD FOR BITCOIN & should be...
8/ ...defeated everywhere. As of now, only California, Nevada, Oklahoma and Hawaii have introduced it. If you live in one of those states contact your reps & senators & ask them to vote it down! #Wyoming thankfully rejected it immediately upon reviewing it. #smart #commonsense 🤠
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More from @CaitlinLong_ see all

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Caitlin Long 🔑
@CaitlinLong_
1/ IMPORTANT-I'd stayed quiet abt this until now. The below letter was just publicly released by the #Wyoming #Blockchain Task Force. It responds to 2 letters the Uniform Law Commission sent to WY “strongly urging” it to withdraw its v impt... #blockchain wyoleg.gov/InterimCommitt…
2/ bill, SF125, which is now law. I’m bringing attention to WY's response bc it addresses a debate that should be in the open, plus it should make clear #Wyoming is seriously willing to go to bat to attract #blockchain tech to the state AND defend a strong & basic principle—that
3/ laws should recognize property rights for INDIVIDUALS who own financial assets. We shouldn’t have to own them thru an intermediary in order to gain the best legal protections. The Task Force letter responded to letters dated Jan 29 & Feb 6 sent by the Uniform Law Commission to
Read 24 tweets
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Caitlin Long 🔑
@CaitlinLong_
1) BOOOOOOOOOOOOM! 3 more #blockchain bills cleared the #Wyoming legislature today & head to @GordonGovernor's desk for signature! The special-purpose depository institution, tokenized corporate stock certificates & Secretary of State blockchain integration bills all passed today
2) The special-purpose depository institution (SPDI) is esp impt. It helps solve the #blockchain sector's prob of difficulty accessing basic US$-only #bank accounts, which v few banks offer to start-ups. Many horror stories of start-ups shutting down bc banks closed their accts
3) US businesses that lose their bank accts go out of biz (for ex. IRS requires withholding taxes to be paid electronically via a bank acct). It’s critical to success of #blockchain sector that more than just a few banks serve industry (for basic checking/payroll/cash mgmt accts)
Read 12 tweets
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Caitlin Long 🔑
@CaitlinLong_
1/ BOOM! #Wyoming just recognized clear, direct property rights for #digitalassets by passing SF125! This means #blockchain cos will prob want to apply WY law to your contracts, domicile here, &/or have a physical presence here. Thx again to the army of ppl who helped over months
2/ As @TraceMayer says, v impt for broad adoption of #crypto that it be “backwards-compatible w/ law.” SF125 enables that. Bill was amended w/ improvements & latest is here: wyoleg.gov/Legislation/20…. Goes to @GordonGovernor for signature & could officially become law next week
3/ I'll publish analysis after it officially becomes law, but here's the key: #Wyoming law recognizes property rights in the DIRECT ownership of #digitalassets. Property law in US is determined by states, not the feds. WY not only did it first but did it right!! This applies to
Read 11 tweets

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Dr EM supports Meghan Murphy
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Let a Woman Speak has opened. We have all been warned to keep our language clean but we are off! #laws
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Starting with Chrome 70, PWAs are fully installable on Windows. Just look for the "Install <app-name>" menu item after 1/2 seconds from the page load. Fortunately, Chrome is using the verb "Install" and not "Add" as on Android on that menu. Thread ⏬
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Watched @CaitlinLong_’s awesome talk at the @mises institute back in June. Started taking notes, and thought they were worth sharing as a thread. I’ll try to quote where I can, but some of this stuff is me paraphrasing mixed in with my thoughts. All credit to Caitlin, though! 👏
1/ She outlines two scenarios where $BTC is a possible solution:

1. 💰 The Moneyness of Credit
2. 🕵️‍♀️ Inaccuracies in Wall Street Ledger Systems

Will cover what both of those mean here.
2/ Economist Doug Noland has written about debt issues in his “Credit Bubble Bulletin.” Debt instruments (like bonds, treasury notes) function as “money” in institutional markets, resulting in a bubble.

Here’s a link to the Credit Bubble Bulletin: creditbubblebulletin.blogspot.com
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liminal nest : queer and fabulous
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[Food, dietary restrictions]

Working on a mind map of my #MCAS triggers

This is part of the fermented/Aged Food branch. One intolerance has a cascade effect on other foods.
[food, dietary restrictions]

This mind map thing is really helping me process some feels and I think also it's less "here's my huge list of food intolerances" more "a few categories that have many sub categories"

Which is helping ease my internalized ableism tbh
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I know there's a lot of overlap with mast cell triggers, so in case this helps anyone here's my current mind map of #MCAS triggers

Help with captioning is appreciated.
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MyEtherWallet.com
@myetherwallet
Please stay secure out there. The spectre vulns are NOT going to be fun, especially if you have keys on your computer.
- Update your OS immediately (seriously!)
- Update your browsers
- Use Chrome with site isolation enabled: chrome://flags/#enable-site-per-process
More Information:
- spectreattack.com
- support.google.com/faqs/answer/76…
- googleprojectzero.blogspot.com/2018/01/readin…
For Android Chrome Browsers:
Enable site isolation via chrome://flags.
Fix does not work on iOS.
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James Wilson
@jamewils
Anyone know the final figure of income tax collected under IDS-2016? The deadline to remit it is over by 30/09/2017.
Not seen any news...
It is told to Parliament that total amount collected under the IDS shall be firmed up only after the last date of installment, 30.09.2017
See press release on next day (1/10/16) after the last day (30/9/2016) of the IDS-2016 where Rs.65250 Crore undeclared income disclosed
Read 6 tweets

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