The reason im weary and uneasy on early victory laps with the 5th circuit ruling is based on a couple phenomena in this industry, 1) hot potato liability, and 2) "felonize the alternative". Right, courts and normoids and boomercon ghouls have no first principles here, they're systematically hopskipping to which part of the stack and which programming language on chain or offchain they want to felonize through regulation by enforcement, even if the language in the 5th circuit is good,

If you want to understand what will be done to DeFi, you must first understand what was done to Forex and offshore american bank accounts, as well as the indictment of Bitmex, Binance, Bybit, and Kucoin, and the implications of the indictment of Sterlingov -- background: The Obama administration made significant strides in enforcing financial regulations globally, particularly in implementing Know Your Customer (KYC) rules and combating tax evasion through the use of the Organisation for Economic Co-operation and Development (OECD)

If people cannot put python code or golan code interacting with smart contracts, into a desktop software wallet, open source downloaded, without being indicted, then yeah the gov is telling what free code publishing is allowed, it sets the precedent for banning math/ai/everything they're telling you which math, which encryption, which speech, which language of code, how you execute it, that you're allowed to publish, freely as FOSS, and indicting you for hosting it on *a central server somewhere or Github, plus they've forced Github to censor

I don't want to say that it is a good thing to do tribalism in crypto zero sum, but I am at the line in the sand where I think principled privacy people/darkfi people are going to have to really profoundly stigmatize the eth community, with the stakes being this high. It isn't eth itself or the network itself, it's the political culture of centrist liberals. I saw what this type of person did to the Libertarian Party, post Israel Terror attack that is 100% coming to crypto. The fixation of onchain KYC because of moral policing.

Remember Jesse Powell made it clear he was forced to do this by Trudeau. That is the clearer point, this isn't about freedom of disassociation *it is the state forcing private companies to force people to disassociate*

https://twitter.com/ChrisBlec/status/1703557022984069364

The problem with privacy pools is it adds a huge layer of law enforcement abuse, there's no denying that. But it highlights serious serious grave issues with pure code is law. I don't think the criticisms of ameen or Vitalik are grasping the actual problem.

We need to talk about what DeFi's aims at financial engineering are, and what it is actually perceived as.
DeFi is perceived both by it's developers and by Tradfi and the Fed as a competition with regulated brokers and registered products, as regulatory evasion. I would strongly counter against this and argue that the real purpose and utility of DeFi is to be a direct competitor with Prime Brokerages and Financial Institutions in and of themselves, to expose them to public transparency, and give access to retail & emerging markets.

the fact that the american anarchist only want to make mini feifdom east germany hellholes on mastadon rather than lenster should tell you virtually everything you need to know about american classical anarchism and how disturbed the anarchist movement in the US is. I cannot stress how strongly any sort of left libertarianism or american anarchism is fundamentally bad for the crypto industry, even though some of the best developers in the defi space, including myself are technically left-libertarian or anarchist.

wait, so the entire futures system in the united states is broken because of the 15 cent routing fee that CQG charges. Like that in and of itself breaks the crypto futures industry. Because you need 100 contracts of nano contracts to make 1 bitcoin. @duganist @0xMakesy If you have a per contract per fee side it breaks the whole thing. That's like bitmex charging you 15 cents per 200 dollar notional exposure. It works out to 270$ or 27 bps per 100k. Brian armstrong needs to do something about this, that's absolutely bonkers.

The Crypto Industry Has a Troubling Problem With Crypto Reddit and Reddit In General First off, I'm definitely going to have to make a new reddit account and abandon this one.

I have repeatedly tried to talk about the US governments belligerent behavior over and over in this industry, and how we were being long conned by deliberate politically

best case scenario with cme bitcoin products is bitcoin goes to 50k and you only need 20 contracts of micro bitcoin to get 100k in notional exposure, which is a 100 dollar roundtrip trade, so back down to 10 bps level bitmex robbery. Fuck these people. obviously bitcoin isn't 50k the more the price goes down the more the CME fucking robs you charging per contract, this is such a scam compared to normal flat percent fees per notional exposure. Total fucking scam.

interesting, seen this @duganist 50 cents micro contract fees on tradestation, or 200 dollar month membership on tradovate for commission free
this is actual exchange clearing fee for CME.
Weird how it's normal for eth, and brigandage for big bitcoin contract @duganist ah riht yeah this is some ultra sketch math now my memory is coming back to me, you need a shit ton of contracts to get proper notional value on these

ok Russia is definitely definitely doing what it's always done, but you also have to remember that the US and Soviets were awful as fuck, and antagonistic to the world for 70 years, and they're simply doing it again now. this is the key thing that western cultural liberals miss, is that you should under no terms and under no means, defend the behavior of the US and the Soviets during the Cold War. They were both the bad guys. They're just too stupid and unread to grasp that.

There are so many eggheads in DC right now whining, lying, dealing, and stealing, and wielding about these Bills and how mad cryptobro are about DeFi with them. This could be at least partially fixed so easily by the CFTC, but they won't they're dying on the hill of ECP laws. We need to just start interrupting people on capital hill midsentence and cutting to the chase
are you are you not going to address Elligible Contract Participation Laws killing crypto commodities & derivatives & defi

There are many many issues with antifa, some not quite to blame on anarchist. The critical issue is that the allies prior to WWII were not liberal policemen of the world, Nazi traditionalism didn't arise in a vacuum in Germany. Western culture was deeply reactionary in that time. The US took on the persona of liberalism after WWII, because Germany made the West look that bad, forced it to rebrand from it's Belgian Congo phase. Which brings us to the giant poliical confusion today over Fascist populism & Neoconservatism.

anti-semitism is bullshit because it lets all the other people who collude with Israel State Policy off the hook. Zionism plays a large role in anglo-imperialism, but it is just a backdrop to western driven imperialism, which is mostly Christian, or secularized Protestantism. anti-semitism is one of those clear brain worms that only serves at this point to politically indict people under the system, and otherwise allows them to alienate themselves and self-destruct, often to the benefit of very clear real power.

Dave Troy called the fucking Squad and progressive caucus tankies. When are we just going to accept the fact that Liberals really are imperialist and anglo chauvinist and it isn't a meme? Congratulations US liberals, now Leninism and Fascism have no meaning, you've abused the term until you've alienated even mainstream fucking social democracy. You want another Bush administration, you Kristol Kagan psychopath, just admit it.

@sassal0x Ethereum & DeFi will never be compatible with this, one dictate must go. We all know there is only 1 country who made this list @sassal0x The Bitmex case is the pivotal precedent in all of this, it proves what I have stated for 3 years, the US will use it's allies to chase and extradite people globally just for DeFi even existing, because it "touches US commerce and US peoples"

man yall's relationship stories are hella depressing.
Ngl might have to find the waifu in south america, these american girls are BBQ'd. Sign of the times, product of a failing racist empire. the girl who was the best to me was a second generation immigrant, both parents immigrated from Vietnam & China, fully bhuddist, the second best girl to me, her parent's one was from Korea during the Korean war, the other from Mexico. I'm bearish af on US culture.

democracy and the scientific method are not compatible, neither are democracy and proper substantive and procedural rule of law
There is a place for democracy, as you see in Dao protocols, the closest form to direct consensus democracy. Republican Parliamentarian democracy is the real democracy speak of, the typical and evil, and necessary, inescapable form, even the PRC uses, it's the most abused form, the one that has to be curtailed by localized, direct, consensus democracy, and often a rejection of it fully

wiping their ass with the constitution

https://twitter.com/barnes_law/status/1580305982797664256

"I believe in the Lochnean interpretation"
> if it serves blue anon National Security creep for political trials
I'm "Not suppose to use the word blue anon"
But they know exactly what it means, and that's why they get so mad, and they should get mad, they are guilty.

I'd be in favor of SCOTUS overturning alex jones case.
100%. Democracy is retarded. The only safe society is one with fundamentalist free speech. Doesn't take a genius to know that aj's entire career was a intel op and poison pill long con anyways, letting them abuse slap, defamation, and slander laws to undermine the 1st amendment for auth DemSoc blue anon agendas is bullshit.