• "Spreading the ideas of freedom loving people on matters regarding metals, finance, politics, government and many other topics"

Lawsuit against Coinbase Claims 79 Tokens Listed Are ‘Securities’

Nomis Elpmis

Minimalist
Silver Miner
Joined
Apr 2, 2010
Messages
559
Reaction score
522

ds_mustang

Libertarian, Capitalist, Software guy
Gold Chaser
Site Supporter ++
Joined
Apr 1, 2010
Messages
1,751
Reaction score
1,608
It's pathetic when the older crypto that haven't been keeping up with newer developments in the crypto space turn to the very system they were trying to replace to protect them from the newer, better crypto.

Here's a hint, you can't stop innovation. If you're not driving the innovation, get out of the way.
 

Nomis Elpmis

Minimalist
Silver Miner
Joined
Apr 2, 2010
Messages
559
Reaction score
522
IPO'd about a year ago. They keep getting sued. I think this lawsuit is front running what the govs gonna do. Customers want their money back before it vaporizes. Wouldn't touch this stock personally.

coin.jpg
 

Fiat Metaler

Gold Member
Gold Chaser
Joined
Apr 2, 2010
Messages
2,699
Reaction score
2,784
It's pathetic when the older crypto that haven't been keeping up with newer developments in the crypto space turn to the very system they were trying to replace to protect them from the newer, better crypto.

You are right, of course, but to be technical the lawsuit was brought by lawyers seeking legal fees and only nominally by holders of older, out-of-date cyrptos.
 

Nomis Elpmis

Minimalist
Silver Miner
Joined
Apr 2, 2010
Messages
559
Reaction score
522
<12%. Craig Wright lawsuit against Coinbase & Kraken?
cb.png
 

Nomis Elpmis

Minimalist
Silver Miner
Joined
Apr 2, 2010
Messages
559
Reaction score
522
Posed it as a question. Have only drank half the Koolaid.
 

Nomis Elpmis

Minimalist
Silver Miner
Joined
Apr 2, 2010
Messages
559
Reaction score
522
Another <9% today
cb.png
 

Goldhedge

Retired
Sr Midas Sup +++
Survivor
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
70,916
Reaction score
156,427
Location
Rocky Mountains
cryptos go out of date??
 

Nomis Elpmis

Minimalist
Silver Miner
Joined
Apr 2, 2010
Messages
559
Reaction score
522
Another <19.5% today.
cb.png
 

Nomis Elpmis

Minimalist
Silver Miner
Joined
Apr 2, 2010
Messages
559
Reaction score
522
Another <12% today.
cb.png
 

Nomis Elpmis

Minimalist
Silver Miner
Joined
Apr 2, 2010
Messages
559
Reaction score
522
Another <27% today
cb.png
 

Goldbrix

Mother Lode Found
Eagle
Mother Lode
Joined
Apr 4, 2010
Messages
23,043
Reaction score
36,922

Nomis Elpmis

Minimalist
Silver Miner
Joined
Apr 2, 2010
Messages
559
Reaction score
522
Coinbase mixing USD (dollars) & USDC (stable coin). Are they getting ready for bankruptcy?

Quote: "The only reason they would want to do this is that THEY want to control when your USD-->USDC or vice versa.
If you can't say you clearly sold BTC-USD, then they can give you USDC instead.

And guess what ISN'T protected by bankruptcy? USDC."


Quote: "This is shady af. USD and a USD stablecoin are not the same and USDC certainly isn't. Everyone knows its similar to USDT in that it's not actually backed one to one with reserved dollars and they're using their balance sheet, which is probably illegally per accounting standards because there are encumbrances and other debts or assets linked to debt that shouldn't be used. Even if they tied it to the company net equity position, that is wrong since much of it may be illiquid."



1656961987716.png