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Captainant

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Captainant last won the day on July 9 2024

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  1. What makes it a security? What thing does it secure for you? There is no other side to the transaction of a Bitcoin sale that the Bitcoin is securing for you. There is no promise of goods to be bought or sold with it, and no utility to gain with it by your own acknowledgement. Buying a stock gives you a vote in the company's decisions. Buying a bond gives you a contractual obligation to get paid back by the bond issuer. There's another side to those transactions that the asset is securing for the buyer. There is no such thing for Bitcoin. And applying the asset lense, what asset does it represent? There is not anything that it represents aside from an entry on a distributed ledger. Again, there's nothing wrong with buying and selling cryptos, but it's definitionally NOT a security and is explicitly a currency in name and architecture and implementation
  2. Pretty good breakdown from DefCon 33 on SignalGate and the kakistocracy were all enjoying The biggest thing I didn't realize is that they weren't even using signal! They were using an Israeli fork of the app that sniffed all their messages and exposed them unencrypted with exposed heapdump endpoints left online
  3. well he needs to hire a fucking offensive coordinator because his playcalling is more cooked than Lincoln Riley's brisket
  4. Defense really shit the bed on 4th down on Georgias 35. Holy shit how can he jump offsides
  5. What an absolute dumpster fire lmfao. Offsides and a PI
  6. I mean, there's nothing wrong with gambling on purely speculative assets but you shouldn't be lying to yourself and others that it's a security just because it makes you feel good to say it
  7. But you're saying the only reason to buy it is to sell it to a greater fool later. Other assets represent real tangible goods or interests in a business. Bitcoin is an entry on a distributed spreadsheet - by your argument it's not good for anything else. So why is a line item on a distributed ledger intrinsically a security? If there's no value or function intrinsic to the thing itself, I mean
  8. So you're saying it's entire purpose is not to deliver a utility but fish for a greater fool? I can't disagree
  9. The underlying protocol hasn't changed. Code is law in cryptocurrency, and it's definitionally a currency with extremely low throughput and extremely high energy requirements
  10. https://bitcoin.org/en/bitcoin-paper The title of the white paper is "Bitcoin: A Peer-to-Peer Electronic Cash System"
  11. Lol. Lmao, even. That's not on-chain transactions, it's a side-chain with a trusted third party like lightning is. Trusted third parties break a core operating principle of the Bitcoin protocol and white paper. You're just recreating the banking system, but with way less efficiency and way more money laundering
  12. Honestly their in-game production is a much better product than the other broadcasts imo
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