ECP NetHappenings Newsletter Headlines 10-11-2023

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#HEALTH

Hopkins engineers join $45M project to develop sense-and-respond cancer implant technology The $45 million award to 10 teams of researchers from seven states will fast-track the development and testing of a first-of-its-kind approach to cancer treatment that aims to dramatically improve immunotherapy outcomes for patients with ovarian, pancreatic, and other difficult-to-treat cancers.

Scientists Warn: U.S. Drinking Water Often Contains Toxic Contaminants

#SECURITY

Patch now: This serious Linux vulnerability affects nearly all distributions
Qualys has discovered a nasty security hole, dubbed ‘Looney Tunables’, in the glibc C library. This means almost all Linux distributions have a bad security problem.

A “blood purity program”: Holocaust expert on why Trump is stoking fears of national blood poisoning!
Donald Trump’s anti-semitism and the danger of “poisoning the blood” rhetoric.

There could be crimes Trump committed that are so secret it isn’t worth charging: Experts

#POLITICS

Tremendous reporting from @ProPublica on the political machine run by #LeonardLeo, “The Man Behind the Right’s Supreme Court”
https://www.propublica.org/article/we-dont-talk-about-leonard-leo-supreme-court-supermajority

North Carolina Republicans Are Creating a ‘Secret Police Force’
This is a very frightening move by North Carolina Republicans. It is also very likely unconstitutional.
https://www.thedailybeast.com/north-carolina-republicans-are-creating-a-secret-police-force

#FIAT MONEY

Treasury Seeks Public Input on Draft OECD/G20 Inclusive Framework Pillar One Multilateral Convention Text
The Inclusive Framework’s Task Force on the Digital Economy released the current draft text of the Pillar One MLC, the Explanatory Statement to the Pillar One MLC, and the Understanding on the Application of Amount A Certainty (describing certain administration and dispute resolution parameters) following intensive negotiations. The three documents represent a years-long effort to find broad consensus among over 140 Inclusive Framework countries on a reallocation of taxing rights that better reflects the modern global economy.

BREAKING: The Biden administration is announcing an economy-wide ban on junk fees. A proposed FTC rule would ban businesses from charging hidden fees and require full prices to be shown up front. This would mean no more surprise fees at check out for hotels, tickets and more.

#FTX

Ex-girlfriend Caroline Ellison & Sam Bankman-Fried conspired to keep #Bitcoin under $20k by selling customer BTC.

When did FTX receive money into Alameda’s bank accounts?
Ellison: 2020. And into 2022. North Dimension was the name I was aware of.
AUSA: How much FTX money got deposited with Alameda?
Ellison: Ten to twenty billion dollars.

#Alameda had 10-20 billion dollars deposited to their bank accounts.
Alameda purchased 39 billion Tethers.
And allegedly sent 39 billion dollars to Tether.
With only 10-20 billion in deposits.
No wonder Tether fraud can’t do an audit…

#BITCOIN / #CRYPTO

Bitcoin consumes less than half the energy of the fiat banking system or gold mining. Why hasn’t Greenpeace campaigned against either of these industries?

NEW: #Bitcoin HODLers are stronger than ever!
Long-term holders now own 76% of the circulating supply (14.859M Bitcoin), and they’re accumulating at a rate of over 50k BTC per month 😱, suggesting that #Bitcoin’s supply is tightening.

MIT had Alex Mashinsky (mis-spelled on the Syllabus) give a lecture about Smart Contracts & Decentralized Finance in 2022.
Yes, the same Alex Mashinsky that was charged by the SEC with 7 counts of fraud.
I wonder how much people pay in tuition to attend a class where one of Crypto’s biggest felons shills them his bags? It seems the whole class was one big shill, much like Gensler did, when he taught a false History on Ethereum.

@jchervinsky
https://twitter.com/jchervinsky/status/1711905907603337668
How do you know that a federal court should dismiss an SEC enforcement action under major questions doctrine? When pro-SEC boosters are scared enough to write an ineffectual amicus brief begging “please don’t.” Three reasons why this brief gives me confidence that @Coinbase will win its case:
1) The breathtaking hypocrisy of the same author writing a 22-page paper *last month* arguing that Congress should pass new laws addressing crypto, directly contradicting the argument in this brief that the issue is already settled law. Last month: “This essay argues that crypto skeptics’ big bet on this Supreme Court declaring crypto tokens to be securities subject to the securities laws is incredibly risky…. Members of Congress should put forward legislation to codify the existing Howey test[.]”
Today: “Congress has already decided this question by granting the SEC jurisdiction to bring suits that allege that certain assets are securities.” https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.78.1.pdf
Which is it? Does Congress need to pass new laws because the Supreme Court will side with Coinbase, or has Congress already answered this question? I’ll place my bet on the former, as logic and common sense require, that Congress didn’t clearly and intentionally give the SEC authority to regulate *blockchain-based digital assets* back in the 1930s.
2) The obvious invalidity of the argument that the major questions doctrine should not apply to civil enforcement actions. Of course it does. The doctrine is best understood as a canon of statutory construction, which applies any time a federal agency asserts jurisdiction under federal law, regardless of the context. Here, the SEC says “the securities laws authorize us to regulate digital assets.” The major questions doctrine says, if digital asset regulation is an issue of vast economic and political significance (it is), then the SEC can only wield that authority if Congress “clearly” gave it to them. The SEC may wish for a loophole that says “but you can still wield that authority through regulation by enforcement” — after all, regulation by enforcement is the SEC’s favorite trick — but that’s not how the law works.
3) The far better arguments and reasoning set forth in amicus briefs by @BlockchainAssn, @crypto_council, @ProgressChamber, @CTATech, and a group of expert securities law professors explaining why major questions doctrine *does* apply here, and why the SEC’s theory on investment contract analysis fails:
– “The SEC has taken the novel position that nearly all digital assets sold on the secondary market are ‘investment contracts’ within the meaning of the federal securities laws, even though those transactions involve no ongoing contractual obligations. That position fails as a matter of text, history, precedent, and common sense.” https://theblockchainassociation.org/wp-content/uploads/2023/08/Coinbase-Amicus-Brief.pdf…
– “The SEC has suggested that by referencing both ‘contracts’ and ‘schemes,’ the Court in Howey must have meant to capture within the term ‘investment contract’ arrangements that did not involve any contractual undertakings. But nowhere does Howey suggest that it was doing away with the core textual and historical anchor of the statutory term ‘investment contract’—contractual undertakings.” https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.59.0.pdf
Tldr: Congress has never said tokens are securities; the law doesn’t support that conclusion; the court should dismiss the SEC’s case against Coinbase.

 

So Andrew Keys Computer made 1% of the entire Ethereum hashrate for at least the first month. Can you even imagine what amount China mined?
https://x.com/Leerzeit/status/1711813195290075247

 

@BoringSleuth 10/11/23
Propaganda 3.0

When Vitalik needed money to make his vision for Ethereum come true, he found his money in China, thru CCP affiliated entities. They’ve been involved since pre-Block 0.

I am of the belief that:

Greater than 66% of all $ETH tokens mined, Pre-Merge (Block: 15537393) on Ethereum ended up in wallets owned by entities backed by China/CCP (inc. the Ethereum Foundation).

These same entities were Ethereum’s largest Pre-Sale/ICO backers, and funded the foundation thru Wanxiang Blockchain.

The Majority of the Protocols, CEX’s, DEX’s, NFT Projects, Alt Coins, Sht Coins, Stablecoins, Layer 2’s, Casino’s, all are built and funded by these EXACT SAME ENTITIES.

On top of all of this, much of the crypto stolen from protocols ended up flowing thru wallets many of them own, or contracts they created.

Do you really think Eth 2.0, Proof of Stake is decentralized?

Sorry, it’s not. It’s never been. Not even close. All smoke and mirrors. Propaganda 3.0

I know that sharing the truth on-chain has been heard, and many people involved in the eco-system are taking a step back and beginning to ask the right questions.

Crypto lost its identity.

Crypto was hijacked by those that it threatened the most. Those who feared loss of power, influence, control, & wealth. They used corruption and theft to gain control over Crypto, all while having tools built to further monitor and control our daily lives. I hope that the wealth transfer from capitalizing on CVD-I9 isn’t enough to forever change the World for the bad. I hope we aren’t too late. Now is the time for everyone who can, to speak up and act, as it may be Our last chance.

Real change is going to come from the ones on the inside, and as much support as possible from the ones on the outside.

Embrace the Truth, Understand it, and Use it for Good, as there is not a better opportunity for positive, impactful change than what Conflict brings us.

Stay curious my friends,

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