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NightJanitor

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  1. One of the good things about Gensler is that this is not his first rodeo in government, so he knows that if he keeps digging a hole, a whole lot of past corruption at SEC - prior to his watch - could come out - familiar faces, if a bit weathered and slightly decomposed. If one sympathizes with him completely - and assumes he is actually the good guy / reformer which we would hope he is - he's still got to know from his time at CFTC that government is sometimes a dirty business and toxic waste may "surface," ergo, he's got to balance allegiance to his own staff (to keep their support) agai
  2. I was shocked to see the reference to Prosper, which was back in 2008 or so. For those who may not know, that case was the forerunner to years of legal warfare, again due to US regulatory agencies not being able to resist the urges of incumbents to attempt to crush innovations which might threaten their business models (or bottom lines) or allow the public access to asset classes which were new. Prosper was essentially "ebay for money" or a sort of "crowdfund-a-loan" operation which allowed "little guys" to come together to lend money. A borrower would post a loan request and an interest ra
  3. Hah. Ya think? The Northeast US - you know, where the "smart" people live - is importing Russian LNG now... A pipeline? How dirty! Ooh, I bet big hairy men who are all smelly work on that. I mean, can you imagine that? (These are the same people who have been screeching CNN reports about how we were going soft on Russia.) Our coastal "elites" are environmentalists only in the narrow sense that their bulbs just aren't all that bright.
  4. I was actually alive, then, and I seem to remember something about dividends being paid the whole time that line was "flat." Is my memory correct? That changes the total return picture just a bit, doesn't it? Also the tax implications. (Since we're doing "unrelated" - thought I'd chime in... that's one of my specialties!)
  5. I'm not even bothering to look at this stuff. Nothing anyone ever said or wrote or carved into a stone tablet and brought down from a mountain will be "admitted" by the SEC - or seemingly any other US agency - as an 'official policy position'. They're busy in court trying to undo the legal system, both Letter and Spirit - so, I don't think a youtube video will cut it. SEC's gonna have to take an L, as the kids say, in the least embarassing way possible, and should minimize blowback. The best thing Gensler has going for him is that he's not, as far as I know, uttered the words R
  6. Often times, with inexperienced founders, it's necessary to take out the amateur who started the business as a hobby and replace them with someone professional who takes the job more seriously... and sometimes that inexperienced founder has to have a little push - parachute is optional, we'll see. Get your shit together, CMC. Please.
  7. Total sincerity - "without any mental reservation or purpose of evasion," one might say. (I do jump back and forth, a lot, between employing different rhetorical devices, depending upon a lot of factors, so I understand your uncertainy about whether or not I was being sarcastic; but if it's important - and I agree that this one is - please feel free just to ask me.) Occasionally, there is just no substitute for absolute and total candor... (Some people don't like that, even in the USA...) (They're free to like or not like it... and to register their displeasure when voting for or
  8. It is rather extraordinary, isn't it? Makes us a lot of friends, once they get to know us. Certainly beats the alternative.
  9. Is the logical next question "Who owns Vitalik?" https://cointelegraph.com/news/suddenly-vladimir-putin-meets-vitalik-buterin-endorses-ethereum
  10. It was my first thought, too... Unfortunately, "NGO" cover has been so overused by, uh, "intelligent" people, that they've sullied the whole field. It's like how nobody in power believes any "foundation" could be anything but a tax dodge since that's how they use 'em. Anyway, yes, Ripplenet (or perhaps a company which uses it for you) can save you big money (and time). (And, no, "company" was not a joke.)
  11. Ah... balance... middle way... now you're thinkin'. Murder? 100% no. (Self-defense is not murder.) How big of a soda can you buy? 100% don't care, but don't be surprised if you get fat or diabetic or dead ["fair warning"]. Once in a while, though - say, you're sitting in a movie theatre or a long-haul driver delivering gas to (north) east coast elites who hate you, but can't quite make the connection that you bring them what keeps them alive - and you don't want to bother with refills so you don't miss anything or so you make good time? You, sirs and madams, have my permiss
  12. Thank you for pointing out that the government is not being helpful. (It's their responsibility - by which I mean all of ours.)
  13. Punish everyone to avoid "singling out" those who are actually responsible for making the bad decisions? I've been on the receiving end of that - we all still are, in many ways - and it's no fun, I can tell you (it's nearly killed me a few times, in fact.) You simply must be from California... or have gone to a prestigious college in the last 10-20 years and now run the country. (You'll pardon me for being sarcastic.) Here's what a sane person would do: Establish clear rules re: categories. Put each type of asset into a category. (Yes, you'll have to "label" them - or l
  14. The funnier part, to me, is that BTC was apparently born at ~$65.5. Just how old are the people running CMC?
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