Dr. @jordanbpeterson fought for the right to speak his own words instead of the governments compelled inaccurate ones.
We must do the same in #Bitcoin the government wants you to control what numbers you are allowed to know or use. "Self-custody" is doublespeak. You know a key.
You don't self custody the money in your wallet. You don't self custody the keys to your car. The language is contrived to control you. We have fought this battle before with PGP and DVD encryption.
@adam3us didn't you sell shirts with the DVD decryption magic number?
#Bitcoin and #Ethereum lawyers. I've shared the latest FinCEN proposed rulemaking for public comment. The goal is to leave no stone left unturned. I have identified novel arguments. docs.google.com/document/d/1n7…
If you invoke a parade of imaginary horribles, you must be accept their rebuttals as well. An exchange knowing their customer does exactly 0 to affect ransomware payments. It also does 0 to affect cybersecurity attacks. It also does 0 for national security.
What multiple in USD do you think HEX will show 183 days after launch? Post your best guess within 24 hours of this post and the closest guess will get 10,000 HEX from an anonymous donor. Measured from the low of the price at launch to the high of day 183.
Bots not eligible. In case of a tie, the winner will be chosen at random. Using price on the first exchange with over 10,000 HEX volume. In case of exchange error, another will be used. In case there's some legal reason why such a contest isn't OK, the contest will be canceled.
Since it will first trade on non USD pairs, we'll convert that pair into USD equivalent forn judging purposes.
Here's some frequently asked questions re: Pumpamentals.com
Where does the ETH go? You must have no expectation of profit from it. Read the "Howey test" to understand why:
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How does the AdoptionAmplifier (which turns ETH into HEX) work?
How does AA work? youtube.com/watch?v=Uv2mFA…
The fairest way to launch a #cryptocurrency is to align the incentives of users with the health of the project. A self reinforcing positive feedback loop. If adoption is what you want, users should get paid more to spread adoption.
If high value is what you want, users should be paid to lock up their coins and not dump (just like vesting in normal startups.) This also makes more space for normal currency uses as it takes load off the transactions per second capacity.
If you only care about being used as a currency, and fear a deflationary spiral, than demmurage (inflation) causes spending and the hunting of yield, because you know you're losing money just holding it. (USD does this.) Boom, bust style.