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Featured Replies

  • Author
Quote

...  the ACLU will be representing the NRA in this important First Amendment case, and that the ACLU's Legal Director David Cole—an experienced Supreme Court advocate—is (the Times notes) planning on arguing.

The issue in the case is whether New York financial regulatory authorities coerced banks and insurance companies to cut off ties with the NRA and thus violated the First Amendment. As the petition argued,

    "The Second Circuit's opinion below [rejecting the First Amendment claim] gives state officials free rein to financially blacklist their political opponents—from gun-rights groups to abortion-rights groups to environmentalist groups and beyond."

Cole's presence at the lectern and the ACLU's presence on the briefs will help convey the core message to all the Justices: The case is about everyone's free speech rights, not just the NRA's.
...

https://reason.com/volokh/2023/12/09/nra-and-aclu-teaming-up-on-the-first-amendment-in-nra-v-vullo/

  • 4 months later...
  • Author
Quote

... This week American Banker Reporter Kyle Campbell interviewed Custodia Bank CEO Caitlin Long. Their topic was her bank's legal tussle with the Federal Reserve Bank over its decision to deny Custodia a master account. ...

No paywall (video and transcript both):
https://www.americanbanker.com/podcast/custodia-ceo-caitlin-long-on-master-accounts-her-fight-with-the-fed

 

  • 3 weeks later...

Fucking knuckle-draggers. 

We got a white man problem.

57 minutes ago, lucious leftfoot said:

A big shake up happening in financial regulation. 

Ain't fuck all going to change except less sexual harassment, hopefully.

  • 3 months later...

There are people who think that's clever.  They are wrong.

Yankees tickets are not marketed and sold as an investment ("Buy these tickets, they are an investment that will go up in value that you can then sell!")  In fact, policies with respect to MLB tickets 1) are designed to DISCOURAGE buying them as an investment (anti-scalping policies) and 2) allowing for a limited resale market is a secondary activity -- because you know that sometimes people will want to sell their tickets, you allow it, but it's not why you sell the original buyer the ticket.

As opposed to NFTs, where the "access to a cartoon" is a sham -- it's not even a secondary purpose.  The primary purpose is plainly stated: they are an investment, hold on to them as they grow in value and make money!

The membership that Disney+ sells me?  THAT is for "access to a cartoon" (and all the other entertainment on the platform.  Disney says nothing about me reselling my subscription (and in fact bars it).

It's not clever.  It's transparent.  If a primary or even major part of the marketing of something is as an investment, then it probably should be regulated as such.

I’m waiting for the lawsuits saying that online trading card breaks securitize a box of baseball cards and therefore is ultimately selling securities.  

2 hours ago, Brisketexan said:

There are people who think that's clever. 

Those people are extremely stupid.

  • 4 weeks later...
  • 1 month later...
  • Author

Marc Andreessen appeared on Joe Rogan's show and talked about Operation Choke Point 2.0.  Now it's starting to go viral and people that had no clue are learning about it.

This is the post Elon Musk referenced (not shown in the embedded tweet, but visible on X if you click on the tweet):


 

1.) What’s a ‘tech founder’? That’s sounds lkke an amorphous term used to illicit an image of an Elon or Peter Teil. However, you know who else was a tech founder? 
Elizabeth Holmes. Sam Bankman Fried. They kind of were bad guys and all.

2.) Who are these people. Put up or shut up.

3.) There’s a ton of smoke being thrown out here…. But the article keeps using anecdotes of folks followed by a statement: Bit nobody know how many…..

Let’s see it. Show your evidence.

You don’t have a right to a bank account. And if the government is insuring your account, then they kind of call the shots, no?

And you know how much shit I had to give the bank for business accounts or lines of credit… which my guess is also what these folks were asking for from these banks….. a fuck ton. Banks don’t want the kind of heat and smoke a non profit who could be skirting taxes and dicking around the edge of legality.

Everything is a conspiracy to Rogans audience and Elon stokes the fears to drive engagement.

What a nothing burger that will eventually be used to further consolidate the 1%’s, Republicans, and Trumps power.

  • Author

The Nic Carter tweet I include in my previous post was the start of a twitter thread.  You can dive down the rabbit hole yourself if you are actually interested in learning about the issue.

  • Author

Both Elon (posted previously) and Vivek are sounding the bell on OCP2.0.

 

  • Popular Post

So the guy that believes that Ukraine is the aggressor in russia is also arguing that tech  billionaires are being treated unfairly by the government?

Austin Powers Doctor Evil GIF

Ahhh yes dive down a rabbit hole of bullshit 

1 hour ago, bernorange said:

The Nic Carter tweet I include in my previous post was the start of a twitter thread.  You can dive down the rabbit hole yourself if you are actually interested in learning about the issue.

Ahhh yes dive down a rabbit hole of bullshit

  • Popular Post

Calling yourself a "tech founder" should be a capital offense.

  • Popular Post

On a related note, I will never stop laughing at how desperate libertarians are to suck up to wealthy private individuals and how eager they are to transfer all of the power they're terrified of a representative government having to fewer than five trust fund kids. 

4 hours ago, bernorange said:

Both Elon (posted previously) and Vivek are sounding the bell on OCP2.0.

 

I’m completely uninterested in doing any more research on this but thank you for posting this.  I saw a clip of this guy being absolutely stupid about military aviation on Twitter and wondered who he was and why he was talking about future weapons platforms; now I see he is just another Silicon Valley dipshit. 

  • Popular Post
On a related note, I will never stop laughing at how desperate libertarians are to suck up to wealthy private individuals and how eager they are to transfer all of the power they're terrified of a representative government having to fewer than five trust fund kids. 

BRAV-FUCKING-O.

Truly amazing to me. “Power concentrated in government which has thousands and thousands of unique individuals in it, and is at least somewhat answerable to voters” is BAD. “All that power and more in the hands of 4-5 sociopaths answerable to no one” is PERFECTION.

The fucking cognitive dissonance of this entire era is deafening. It’s incredible.
  • Author

@956 Worldwide- I assume you are referring to "Paul" and not Marc Andreesen or Nic Carter?  I have no idea who Paul is.  Doesn't matter to me.  The OCP2.0 issue is easy enough to find from other sources (Nic Carter was one of the first to investigate/report on it).

Edited by bernorange

OCP 2.0 gate is even lamer than OCP 1.0 gate.

Republican conspiracy theories like this that are all smoke really are the laziest of all conspiracy theories. 
 

8 minutes ago, bernorange said:

 

 

First of all, who gives a shit if 30 tech founders were debanked?  Why do you care so much?

Second, you post "third shitter on the left" online garbage like it's 1) fact, and 2) something to be concerned with.

Why are you so into all of this crypto crap? I'm talking to YOU.

  • Author

I've already expounded on all of that @Bullneck.  Maybe read what I've already written?

10 minutes ago, bernorange said:

I've already expounded on all of that @Bullneck.  Maybe read what I've already written?

I figured you wouldn't answer. It's part of the schtick.

22 hours ago, bernorange said:

Both Elon (posted previously) and Vivek are sounding the bell on OCP2.0.

Noted crypto pump and dumpers are concerned their ability to pump and dump crypto might be impacted. Film at 11.

  • Popular Post
3 minutes ago, randomhorn said:

Noted crypto pump and dumpers are concerned their ability to pump and dump crypto might be impacted. Film at 11.

If ten billionaires who hold most of the Bitcoin in the world can’t get even richer by defrauding regular people are you even free?

  • Author

Context for Brian Armstrong's comments:

 

We're going to be paying Elon and Peter Thiel reparations, aren't we?

50 minutes ago, bernorange said:

Context for Brian Armstrong's comments:

 

Demanding transparency from the government from a crypto industry whose hallmark is secrecy and unaccountability.

This fucking simulation keeps getting more and more absurd 

  • Author
Quote

This week, Venture Capitalist Marc Andreessen appeared on the Joe Rogan podcast and made some explosive claims about the systematic “debanking” of politically disfavored firms and individuals, specifically the crypto industry. At the start of the clip, he fingers the Consumer Financial Protection Bureau (CFPB), an agency created largely by Elizabeth Warren, as the culprit behind the debanking of crypto startups. A number of critics pushed back, saying that not only is such debanking not happening, but the CFPB is actually focused on ending debanking.

The problem is that there’s several different questions being litigated here. The first: what is Marc Andreessen complaining about, and are his concerns valid? The second: what role, if any, does the CFPB play in the debanking of politically disfavored entities — are they a culprit or an inhibitor?

Many on the left are not familiar with the concerns that the crypto industry, and the right in general, have leveled around debanking. Hence the general sense of bafflement or disbelief following Marc’s statements and Elon boosting on X. To start off, I think it’s worth reading Marc and Joe’s conversation in full, since many on X are responding to mere snippets of it, and it was an in-depth piece of commentary that includes many distinct claims. See the appendix for the full transcript. Let’s dig in.

...

More:

https://medium.com/@nic__carter/marc-andreessen-and-the-cfpb-debunking-the-debanking-debunkers-33e934442647

 

Bern, don't worry your pretty little head.  The Crypto Boss will be in power soon and you will be rich!  You can buy Trumpcoin on margin and pay for all the things you really don't want the Deep State to know about.  

Oh, yeah, the Deep State will be gone, but Elon is going to have his AI doing surveillance on you.  So, pay the piper or else.

Reminder on Andreessen: He funded a fintech startup that collapsed and left thousands of people locked out of their accounts that turned out not to be covered by the FDIC. 
 

https://finance.yahoo.com/personal-finance/synapse-bankruptcy-fintech-safety-183845965.html

Quote

When startups collapse, the losers usually are direct stakeholders like investors, founders, and employees.

But when fintech Synapse went under earlier this year, thousands of users also were left holding the bag. In some cases, that meant their life savings.

Catch up quick: Synapse was a middleman, connecting fintechs that didn't have banking licenses with actual banks.

It raised just over $50 million in VC funding, most recently in a $33 million Series B round in 2019 led by Andreessen Horowitz (which took a board seat).

Earlier this year a dispute over account balances arose between Synapse and lender Evolve Bank, resulting in Synapse locking users out of their accounts. Synapse's fintech partners bailed, and bankruptcy followed.

That dispute remains unresolved, with a court-appointed trustee estimating that there are between $65 million and $95 million in missing funds. For example, a woman named Kayla Morris so far only has recovered $579 of $282,153 that she believed was kept in FDIC-insured accounts — cash that the mother of three had saved to buy a house.

 

  • Author
41 minutes ago, 956 Worldwide said:

Reminder on Andreessen: ...

Andreessen Horowitz <> Marc Andreessen

10 minutes ago, bernorange said:

Andreessen Horowitz <> Marc Andreessen

He’s the co-founder and general partner, it’s his fund. What actual fucking point are you trying to make? 

  • Author

Sorry - I was skimming the post and thought it was referring to a different person.  My bad.

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