- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Coinbase facing legal reckoning as early as this week
Posted on 3/26/23 at 8:26 am to UltimaParadox
Posted on 3/26/23 at 8:26 am to UltimaParadox
You won’t see disagreement from me with the security debate. 99.9% of all of crypto should be securities. Coinbase will likely pay a fee, delist the shitcoins, and move on
2
Posted on 3/26/23 at 9:21 am to UltimaParadox
quote:
UltimaParadox
quote:
Guessing you hold assets on Coinbase. I think you would be crazy not to pull them off as soon as possible. If they go bankrupt they own those assets not you. It is clearly spelled out in the terms of service.
You're guessing wrong. I don't keep anything on exchanges. Only use them for on and off ramping.
But thanks for looking out for me there, while from the other side of your mouth you cheer on the corrupt SEC to frick with American citizens' financial freedom.
Posted on 3/26/23 at 9:32 am to BigHusky
You sure are angry for someone with no skin in the game. Guess you believe that exchanges should be able to completely operate unregulated. Sure has worked out great so far
Posted on 3/26/23 at 9:57 am to UltimaParadox
Haha. You're attracted to crypto threads like a moth to a flame. Always hating. I can't understand why you spend so much energy hating everything crypto. Are you pissed because you see people making better gains than you do in the traditional market? And you can't come to grips with that so you want the government to kill crypto?
I won't deny that the shite FTX and Voyager (and whatever others I'm leaving out) did and how they completely fricked their users is criminal. I don't think the answer is to try and force crypto under the regulation umbrella of traditional finance.
You sound like you like big government. More regulation to keep us safe?
I won't deny that the shite FTX and Voyager (and whatever others I'm leaving out) did and how they completely fricked their users is criminal. I don't think the answer is to try and force crypto under the regulation umbrella of traditional finance.
You sound like you like big government. More regulation to keep us safe?
Posted on 3/26/23 at 11:17 am to BigHusky
quote:
I don't think the answer is to try and force crypto under the regulation umbrella of traditional finance.
Why should crypto be treated differently?
quote:
You sound like you like big government. More regulation to keep us safe?
I don't want any of these regulations, but they exist. We are talking about reality, not the Land of Hopium.
This post was edited on 3/26/23 at 11:18 am
Posted on 3/26/23 at 11:30 am to SlowFlowPro
quote:
Why should crypto be treated differently?
Because frick the sec. Thats why.
Id rather it be the wild west personally, but we know regulation is coming.
Posted on 3/26/23 at 11:43 am to BigHusky
quote:
Because frick the sec. Thats why.
Cool. Again, we're discussing reality, not the Land of Hopium.
The SEC does exist and it has power to regulate securities. Within that paradigm, why should crypto be treated differently?
Posted on 3/26/23 at 12:04 pm to TigerTatorTots
quote:
You won’t see disagreement from me with the security debate. 99.9% of all of crypto should be securities. Coinbase will likely pay a fee, delist the shitcoins, and move on
+1
They are all securities with the exception of Bitcoin and us maxis have been saying this for YEARS.
Posted on 3/26/23 at 12:20 pm to SlowFlowPro
quote:
The SEC does exist and it has power to regulate securities. Within that paradigm, why should crypto be treated differently?
Because not all crypto fits the definition of a security. Btc is not a security. Hex is not a security.
The way these exchanges do staking, however, its hard to say that isn't done with "expectation of profit from the work of others."
Posted on 3/26/23 at 1:30 pm to BigHusky
Wild wild west is how you end up with another 1929
Posted on 3/26/23 at 1:47 pm to DVinBR
quote:Which happened with USD…
you end up with another 1929
This post was edited on 3/26/23 at 1:50 pm
Posted on 3/26/23 at 1:47 pm to BigHusky
quote:
I can't understand why you spend so much energy hating everything crypto. Are you pissed because you see people making better gains than you do in the traditional market? And you can't come to grips with that so you want the government to kill crypto?
You wonder why people hate crypto.... Besides the obvious it is 99.9% scams preying on the most unfortunate. Especially on a sub forum for people who want to advice on how to be responsible with their money.
I'm sorry the human race can't be this utopian society where we can live without regulation. But take one look at the crypto space and you can see why it is needed.
Posted on 3/26/23 at 1:51 pm to UltimaParadox
There have been 100x more scams perpetuated with the US dollar than with any crypto currency in existence.
Posted on 3/26/23 at 1:54 pm to The Baker
quote:
There have been 100x more scams perpetuated with the US dollar than with any crypto currency in existence.
Well sure because you know it is the mostly widely used stable currency in the world. However the large majority of usd transactions are not scams.
The primary use case for 99.9% of crypto assets is scams.
So not really comparable here.
Posted on 3/26/23 at 2:25 pm to UltimaParadox
>gets convinced and buys crypto
>shills it on forums and other social media to convince others to buy it
>others get convinced and buy it then start shilling it out on forums and social media as well
>spreads and you win when it hits mainstream media like bitcoin
it's how bitcoin got its roots and how other coins have gotten theirs as well
>shills it on forums and other social media to convince others to buy it
>others get convinced and buy it then start shilling it out on forums and social media as well
>spreads and you win when it hits mainstream media like bitcoin
it's how bitcoin got its roots and how other coins have gotten theirs as well
Posted on 3/26/23 at 2:47 pm to UltimaParadox
quote:sure it is.
So not really comparable here.
Scams happen regardless of currency. Next time IT support calls your memaw, it will be for USD and amazon gift cards. Not ETH.
This post was edited on 3/27/23 at 4:15 pm
Posted on 3/26/23 at 6:27 pm to SlowFlowPro
quote:
Why should crypto be treated differently?
I believe it should be treated differently because a lot of them are in a grey area between a security, a commodity, and a currency. Some lean closer to one than the others, but they're still pretty unique.
Posted on 3/27/23 at 2:53 am to UltimaParadox
quote:
The primary use case for 99.9% of crypto assets is scams.
So you're just on MT to troll? Cool, I guess?
Posted on 3/27/23 at 4:12 am to UltimaParadox
Coinbase like most other exchanges will eventually be insolvent.
Posted on 3/27/23 at 6:31 am to ronricks
It is always interesting to read how opinionated people are about subjects they claim they are not involved in.
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News