"wallet" as it pertains to crypto, is a terrible term because the crypto tokens are stored on the blockchain, not in the "wallet". All you have is a cryptographic key to allow you to access the tokens and transfer them. The SEC trying to claim broker/dealer security laws apply here is laughable. Using your cryptographic key is the opposite of using a middle man broker.
The government approved Bitcoin ETFs and are going after Ethereum because they know Bitcoin's expressivity allows it to be controlled at mass adoption scale, but understand that fully expressive smart contracta actually threaten their control.
Reccomended reading to REALLY put this conversation in perspective: The Creature From Jekyll Island - G. Edward Griffin The last statement regarding the repression to pay of the circulating debt makes A LOT of sense! Like slavers trying to keep the slaves from going free, freedom papers be D-A-Md.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down! ...
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Celia dullpher
Great episode - the Consensys lawyer is absolute 🔥🔥 There is no more important case for crypto than this rn - LFG!! "First they ignore you, then they laugh at you, then they fight you, then you win."
I think Joe's last comment was very interesting to think about. As a ConsenSys employee I can't really opine much, but that is a consideration i hadn't thought about.
Matt, Look at the SECs Mission Statement. Position your argument from there. SEC is only good at stopping. They need help moving Forward. You Can Help them make the right moves.
So that was depressing. Thanks guys! How come the Judge found the time to go and register his wallets with The Gary Authority?... but you didn't. Gary's libertarian brother--that little man is so busy with business and stuff. Even he found the time to print the receipts and rent a U Haul and deliver them to the SEC just the way Gary likes it. But this is not even about Gary--it's the law. The LAW requires it.
The sec et al has Zero in their SOPs For Crypto. Lean in. TEACH THEM how to do their job. Write the SOP For them. #WellsNotice Forward With. No going back.
What do you need to do? Organise like the XRP Army did. Unfortunately Lubins corruption with Hinman at the SEC, and the massive dump that he and Vitalik took on Ripple and XRP holders, means a lot of us despise Lubin for the corrupt criminal he is. Ethereum and Eth should be allowed to compete on a clevel playing field though. Lubin for many reasons should be in prison.
as a bitcoiner for a decade, if you think the anti-sybil mechanism being PoW or PoS makes any difference for whether the token is a security or not, you have no idea how proof of work, proof of stake nor how securities laws work.
PoS has nothing to do with security-ness of Ethereum, because stakers make profits for themselves by doing work (running hardware), and holders get no benefits, or expectation of profits by stakers.
@@otter_cookies7590 In context of the ETF, this is actually wrong because some ETFs have amended their filing to include native staking. In that sense, these ETFs with staking are selling securities.
@@ppatil3655 I am not judging. I am just saying that eth's landscape has changed so much, post-merge... Looking at it from THEiR point of view. Look at all the LST and rLSt and the likes...
Not the "Howey Test" Matt, soon to be the "Ripple Test" buddy. Let's see if you can pass it without the capability of being able to say the word "Ripple". Goodluck guys, being on tape talking about disguising early whales, you're going to need it 🤣🤣🤣🤣
Lol this Matt Corva was making laughing tweets at ripple back in 2020 when they said it was an attack on crypto after the sec made a lawsuit. and said "crypto" will be just fine. And now eth is deemed a security by the sec. And now he is crawling back lol.
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Great interview. Thanks Bankless team
"wallet" as it pertains to crypto, is a terrible term because the crypto tokens are stored on the blockchain, not in the "wallet". All you have is a cryptographic key to allow you to access the tokens and transfer them. The SEC trying to claim broker/dealer security laws apply here is laughable. Using your cryptographic key is the opposite of using a middle man broker.
Thank you!!
This episode was bad ass. God speed Consensys.
😂 bunch of hidden whale banker and CCP shell bulshit ethgate is real
The USA be like: let's make Microsoft liable for every contract redacted using MS Word... LMAO
Good luck to your guests. If there’s anything that I can do to help, please send me the information. Regards
Ditto. 28 years federal service... rule making. Regs. Good.
The government approved Bitcoin ETFs and are going after Ethereum because they know Bitcoin's expressivity allows it to be controlled at mass adoption scale, but understand that fully expressive smart contracta actually threaten their control.
Eth is already controlled, consensys run ether runs decision making
100%
Correct
killer guests, excited!
Considering Block Sailor Token for its unique attributes. Let's uncover its potential!
Reccomended reading to REALLY put this conversation in perspective: The Creature From Jekyll Island - G. Edward Griffin
The last statement regarding the repression to pay of the circulating debt makes A LOT of sense!
Like slavers trying to keep the slaves from going free, freedom papers be D-A-Md.
Eth is infected with that creature 😂
JL is top dog, great episode❤️🔥
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
...
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Celia dullpher
Great episode - the Consensys lawyer is absolute 🔥🔥 There is no more important case for crypto than this rn - LFG!!
"First they ignore you, then they laugh at you, then they fight you, then you win."
Coinbase, OKX and Binance will list AMS99T very soon. We do not have much time left
I think Joe's last comment was very interesting to think about. As a ConsenSys employee I can't really opine much, but that is a consideration i hadn't thought about.
Decentralized hard money free from State and Violence and corporations.
Respek #Bankless for holdin-it-down 360 🙌🏼
Matt, Look at the SECs Mission Statement. Position your argument from there. SEC is only good at stopping. They need help moving Forward. You Can Help them make the right moves.
Security is provided by the autonomous algorithms of Block Sailor Token. Would like to learn more.
Brace yourself for Block Sailor Token's explosive growth!
So that was depressing. Thanks guys!
How come the Judge found the time to go and register his wallets with The Gary Authority?... but you didn't. Gary's libertarian brother--that little man is so busy with business and stuff. Even he found the time to print the receipts and rent a U Haul and deliver them to the SEC just the way Gary likes it. But this is not even about Gary--it's the law. The LAW requires it.
How is Ethereum not centralized when it's controlled by just two companies: consensus and Ethereum foundation?
Simple: it's not controlled by two companies. Or any number of companies. You could "control" ethereum yourself by starting up a validator today.
@@ncookiez but aren't all the code commits and proposals made mostly by these two organizations? Please explain. I'm very curious
I am convinced Genser is actually the crypto savior and is filing a bunch of lawsuits he knows they will lose in order to make it all legal.
Or trying to demonstrate loyalty to his political and banking masters.
He's Itachi, I Belieeeeeve
@@rof8200 hmm, which one is it 😂
here's the clip of Gary saying ETH is not a security while teaching at MIT:
th-cam.com/users/clipUgkx1K9eW4Zk3bi5qrAZB7TrRFDGZTH_xpz9
The sec et al has Zero in their SOPs For Crypto. Lean in. TEACH THEM how to do their job. Write the SOP For them. #WellsNotice Forward With. No going back.
In Joe I trust , 2025 ETH ETF
What do you need to do? Organise like the XRP Army did. Unfortunately Lubins corruption with Hinman at the SEC, and the massive dump that he and Vitalik took on Ripple and XRP holders, means a lot of us despise Lubin for the corrupt criminal he is. Ethereum and Eth should be allowed to compete on a clevel playing field though. Lubin for many reasons should be in prison.
Guys be honest! Gensler's MIT lecture happened w hihen Ethereum was still Proof of work. Staking changes everything.
as a bitcoiner for a decade, if you think the anti-sybil mechanism being PoW or PoS makes any difference for whether the token is a security or not, you have no idea how proof of work, proof of stake nor how securities laws work.
PoS has nothing to do with security-ness of Ethereum, because stakers make profits for themselves by doing work (running hardware), and holders get no benefits, or expectation of profits by stakers.
@@otter_cookies7590 In context of the ETF, this is actually wrong because some ETFs have amended their filing to include native staking. In that sense, these ETFs with staking are selling securities.
@@otter_cookies7590well put .
@@ppatil3655 I am not judging. I am just saying that eth's landscape has changed so much, post-merge... Looking at it from THEiR point of view. Look at all the LST and rLSt and the likes...
✊🏼
ICP 100X
Not the "Howey Test" Matt, soon to be the "Ripple Test" buddy. Let's see if you can pass it without the capability of being able to say the word "Ripple".
Goodluck guys, being on tape talking about disguising early whales, you're going to need it 🤣🤣🤣🤣
lol
look if it isn’t our little Eigen Shills acting like everything is normal
Lol this Matt Corva was making laughing tweets at ripple back in 2020 when they said it was an attack on crypto after the sec made a lawsuit. and said "crypto" will be just fine. And now eth is deemed a security by the sec. And now he is crawling back lol.
Xrp isn’t a security
45:11
clowns, just because of the advertising
Mad how CARDANO is more productive than eth, yet eth maxis shoot it down