FTX Founder CHARGED w/ HUNDREDS of illegal campaign donations!
Cardano creator drops a bombshell revelation about SEC + Solana VS Cardano & 1983 Debate on the Today Show (home computers)
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Timestamps:
0:00 – FTX Founder Charged w/ HUNDREDS of illegal campaign donations!
2:13 – Japan allows total withdrawal of FTX funds
2:40 – What is Gary Gensler doing?
3:27 – Friendly reminder on Gensler’s opinions
4:32 – Crypto Innovation is good for Bitcoin
5:11 – Cardano creator drops a bombshell revelation about SEC
6:01 – Solana VS Cardano
7:28 – 1983 Debate on the Today Show (home computers)
**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.
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New legal trouble for the founder of the now
bankrupt cryptocurrency exchange FTX today Prosecutors unsealed four new charges against Sam
bankman freed the new charges could add another 40 Years of prison time if bankman freed is convicted
Sam bankman freed the FTX co-founder charged With hundreds of illegal campaign donations
he's accused of quote flooding the political System with tens of millions of dollars of illegal
contributions according to new indictments the new 12-count indictment adds four more charges related
to the collapse of the cryptocurrency exchange FTX which prosecutors say was a multi-billion
dollar fraud prosecutors accuse Sam bankman Freud of essentially stealing FTX customer money
to fund his political givings and then covering It up to help us understand what's new in the
SPF investigation and the charges against SBF Thus far NBC's investigative correspondent Tom
winter Tom walk us through what we've learned in These new charge charges what do we know about
these charges sure Alison so as you said it's Those four new accounts in that additional jail
time that could be the most immediate concern For Sam begman freed what we learned today in an
additional 25 Pages worth of charging documents Or more specifics and more details specifically
tied to the campaign donation scheme that Federal Prosecutors allege bankman freed engaged in
so according to their indictment he funneled Money through straw donors that would be if I had
maxed out all my donations in a given political Cycle and I wanted to continue my donations if
I gave money to you Allison and then you made Those donations in your name that straw donor
ship and that is against the law and so that's What they charged here today we knew that he
engaged in some of these activities in the past According to prosecutors what's new today is how
they structured it and how they put it together According to the indictment and specifically the
totals of this are starting to really come into Focus tens of millions of dollars of donations
to Republicans as well as to Democrats the most The majority I should say two Democrats it's a
case that obviously will be closely following Beckman freed has pleaded not guilty now this
next part's interesting and honestly this kind Of makes me angry this makes me frustrated to live
in America because FTX Japan users are allowed a Total withdrawal of their funds users rejoice in
their escape from FTX so what are our Regulators Doing to help us out as individuals say getting
our money off FTX or what are our Regulators doing In general to help cryptocurrency thrive in the
United States it seems like the only thing that Gary Gensler has done in the past few years has
meet with Sam bankman freed regularly and the Only thing he's done in the past few weeks is
talk about how everything except Bitcoin is a Security and this is not an official edict by him
or the SEC I guess he's just getting more vocal Saying that you know everything except Bitcoin is
a security it's kind of like almost just creating A little bit of fun and the Bitcoin Maxim lists
are certainly running with this it's even more Interesting that this article that Michael
Saylor is quote tweeting where Gary Gensler
Says everything but FTX is possibly a security the
same article is very critical of Gary Gensler for Being so close with FTX so the regulator whose
opinion you're really promoting and propagating Was in bed with FTX sailor you're not talking
about this friendly reminder and this is from A lawyer and bitcoiner and contributor of Bitcoin
magazine so this is maybe a message to the Bitcoin Maxis friendly reminder that gensler's opinion
on what is or isn't a security are not legal Dispositive in this country judges not SCC chairs
ultimately determine what the law means and how It applies now it doesn't mean his thoughts are
irrelevant they're just not dispositive which is To say the SEC can bring enforcement actions and
get settlements but those aren't legal precedents Companies individuals can choose to go to trial
where the SEC would have to prove to a judge that Something was a security if that's an element of
the allegation I'm going to like this I appreciate The alpha and Bitcoin maximalists celebrating Gary
gensler's ideology that everything is a security Other than Bitcoin cheering on The Regulators
cheering on the regulation surprising and very Dangerous for Bitcoin positive competition in the
crypto space makes Bitcoin better monopolizing Anything is dangerous to Liberty and Innovation
and Innovation is good for Bitcoin case in point I think the only reason that Bitcoin has
ordinals nfts inscriptions whatever you Want to call them this year you know native
in the Bitcoin blockchain is because ethereum Did it first with much success in 2021 and now
Bitcoin has their own version inscriptions or Ordinals or Bitcoin nfts have led to a big spike
in number of full node Runners many new lightning Users new partially signed Bitcoin transaction
usage fee versus rewards are up 2.75 percent so The craze goes in Ebbs and flows but all of
this seems good for Bitcoin do you agree and Of course Gary Gensler in the SEC they always
maintain that what they're doing regulating or Attempting to regulate crypto is in essence
to help you to help users to help the actual Investors now Charles hoskinson just dropped a
bombshell revelation about the real motive behind The recent regulatory attacks on cryptocurrency I
want you to tell me what you think of this video And props to J chains for creating this video by
the way give him a follow if you have yet to and Now let me know what you think is this the real
motive behind Gary Gensler according to you Today cardano Creator Charles hoskinson recently
revealed that he believes the real trigger behind The recent regulatory attacks on crypto are not
because of protecting investors but rather about Maintaining the status quo of the traditional
Financial system now we all feel this the SEC Is dirty from the top down do you agree with that
statement let us know down in the comments now in Other news Solana went offline again now it's back
online following a second restart but the quick Take is the Solana blockchain is back working
again after two attempts to fix it Engineers Are monitoring its performance I'm reminded of
this video posted by a cardano bull steak with Pride every time Solana goes down let's re-watch
Solana co-founder celebrate focus on getting paid
Plus shortcuts rather than engineering discipline
now Salon is certainly not out Solana is going to Be here cardano also here differentiating itself
it doesn't go down it's very decentralized it's Telling that the Solana co-founder said this about
cardano it's been colored to [ __ ] and cardano so I'm gonna say cardano next and that is because
I used to be a Haskell programmer the approach That they're taking is so extremely like esoteric
with like such a huge stick up their ass about Correctness that they'll this is why they'll never
get a ship and it's almost like give okay they're Trying right they're trying to build something
that is like a cathedral as an engineer that had To ship code like you know and get paid for it um
it's just that stuff doesn't work you gotta like Swallow you know like kiss a couple frogs in your
design and like ship stuff and just get it done And uh cryptocurrency is the future ladies and
gentlemen now that might be hard to Envision just Like in the 80s it was hard to Envision personal
computers gaining adoption in the 90s it was hard To Envision internet gaining adoption but cut
to 10 years later now people were sure of it Wouldn't it have been amazing to be in on personal
computers in 1983 if you had some Vision so take A look at this debate on The Today Show in 1983
will home computers gain adoption crypto is here Today my name is Aaron subscribe to the channel
we're just getting started give the video a like If you got value see you tomorrow home computer
sales classroom computer sales seems to seem to Have peaked and now I've hit a flat period and
some say they're gonna think so oh yes they've Hit a flat period what should that tell us I I
really don't believe that they've hit a flight Period the the computer Market is has been and is
rising at about 30 per year and nowhere has there Been a flight period it is not rising at nearly
the rate it was going yes it is we disagree we're Looking at two we're looking at two different
we're looking at two different sets of numbers my Question to you is is the home computer destined
to become the the CB of the 80s the hula hoop of The 80s well I'm glad you brought this analogy
because like a CB it won't be very useful in its Present form which is just talking to yourself and
to your computer but like I said me when it starts Talking to other computers throughout the whole
country when we have several million machines Interconnected and people can talk to each other
and can exchange views and can do can transact Can buy and sell and information can buy and sell
informational Services labor I think it's going to Be a very interesting period where we'll have an
information Marketplace a new way of life I quite Disagree yeah I think that won't work I I think
that that the home computer is going to suffer The same Fate by and large I say the whole movie
camera people had the idea and still have the idea That if that if I have a very expensive a very
good home movie camera then they can make very Good movies are going to be a good movie maker
first that's right the trouble is you have to have An idea okay and people forget that similarly
to write good and interesting programs on the Computer one has to have an idea ideas are hard
to come by professor professor ditus thank you
