Snowden on nostr

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@Snowden 1693346836

I know everybody's excited about the SEC losing in court, and it is indeed an important victory, but it's worth bearing in mind that Gensler knew he was acting outside the law long before the verdict. The largest institutions care less about what is legal than what they can get away with.

Given how long it takes the courts to rule, it is a reminder that in the context of the government's own misconduct, there are limits to the utility of law.

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freecritter · 158w

Hypnagog · 158w

The legal system allows government entities to act in complete impunity for 1-3 years as they know any legal challenges will take that long. Its an incredibly flawed process

But you know what they say Eddie, there are no dishonest outlaws. Look at mccoffee. ✉️

Little Spoon · 158w

…and they are accumulating as much as possible while hating

I don't reall see this as an important step for Bitcoin. We have discussed this today here. From my point of view it is as important as an Elon musk that reports that he has some day last year sold some Bitcoin. It is just the gamblers that react on it. That is what we've seen today again. That's no...

Jameson Lopp · 158w

Folks getting excited about winning battles when there's no end in sight to the war.

BR Bitcoinapolis · 158w

I can't imagine how you feel.

The State is the State is the State

ShiShi21m · 158w

An ETF is a fiat game, it has no bearing on giving people access to Bitcoin - rather, it has the opposite effect, -> locking people into fiat with exposure to Bitcoin volatility only.

a source familiar with the matter · 158w

Yes but in the fight against tyranny the strongest weapons are 1) insisting State actors honor their promises of legal & human rights (Vaclav Havel) and 2) withdrawal of support for the regime (Etienne de la Boetie)

Philbill · 158w

Mark Camper · 158w

Government officers very rarely bear any costs(financial or other) for their decisions.

William ₿ Travis · 158w

Best guess was that he was acting outside the law to delay upward momentum in bitcoin adoption as long as possible. He is a tool.

Now if anything goes wrong down the road, say Grayscale blows up and everyone loses a bunch of money, SEC can say "we tried to warn you."

preston · 158w

Indeed, the issue isn't any given ruling in the court, its that the government can do whatever it wants until its stopped by the courts years later.

💯💯💯💯

BitBurn · 158w

Thanks Edward. Now try spending a little more time on nostr even though you will be preaching to the choir.

So he should have ran to avoid prosecution?

wasn’t excited… just another dirty game. Same political theater!

The government is above the law, no matter what they claim.

Viktor Vsk · 158w

How can you theorize about laws sitting in rusia?

nostrich · 158w

Man fuck a government, i'm moving into the woods

Alexis Roussel · 158w

There is a similar case in Switzerland against FINMA. They have been acting, we believe outside the law, and we did appeal to the judge now. In the case of FINMA, using their normal ability to make small practical adjustments to the law, the completely reversed the principles of the law to impose d...

here here brother & don't some just know it, it's like a game to some of them.. not all but certainly my recent half decade experience of the one's I know is that of the above.

OgFOMK ArTS · 158w

How about this? All of the branches (of government) work for Fiat currency and any branch challenge will be only as strong as the alternative to Fiat funding of which there is none.