cdiddy2
Joined 11 years ago
Karma
657
Submissions
238
Member since
Feb 19
Recent submissions
Comment · 3 years ago
No protests at all....
Comment · 3 years ago
If bitcoin is not a security, how could someone also create a non-security token like bitcoin? This seems very unclear
Comment · 3 years ago
Yes. getting no search results only periphery data
Comment · 3 years ago
well the CFTC says that it is a commodity https://decrypt.co/123032/cftc-chair-says-ethereum-is-a-comm...
and in 2018 an SEC commissioner gave a speech in which he said eth was not a security, but the SEC is doing all they can to muddy the waters on that https://cointelegraph.com/news/sec-seeks-to-keep-hinman-docu...
Comment · 3 years ago
The CFTC disagrees with that stance https://decrypt.co/123032/cftc-chair-says-ethereum-is-a-comm...
Comment · 3 years ago
it seems that they disagree on ethereum https://decrypt.co/123032/cftc-chair-says-ethereum-is-a-comm...
Comment · 3 years ago
it might just mean focusing more outside of the US. they just announced expanding into Brazil yesterday for example.
Comment · 3 years ago
its already the case with el salvador and bitcoin. bitcoin wasn't really under question though for being a security so would need someone to make a smaller token legal tender
Comment · 3 years ago
so having another country declare a crypto as legal tender makes it no longer a security in the US?
Comment · 3 years ago
they have not been registered with the SEC. both are leaderless and therefore lack the ability to register with the SEC
Comment · 3 years ago
libertarians wouldn't have a federal reserve raising interest rates at such a high pace though.
Comment · 3 years ago
Most layer 2s do right now. That is not how they are meant to be though. A true layer is completely non centralized. That is the whole point of the fraud proofs. The ideal end state is stage 2 described here https://ethereum-magicians.org/t/proposed-milestones-for-rol...
Comment · 3 years ago
It can be made on site where it is going to be used. Generally combined with a manufacturing plant
Comment · 3 years ago
Fitting day for this to be posted given this article https://www.bbc.com/news/world-asia-64373950
"Japan's prime minister says his country is on the brink of not being able to function as a society because of its falling birth rate."
How Japan handles this will either tell the rest of the world how to do it or how not to do it. Lets hope they figure it out
Comment · 3 years ago
To be clear none of this is defi, its all just traditional borrowing and lending. Aave pays 3% on USDT right now and lenders there are doing fine in defi