SEC has not approved Bitcoin ETFs [fixed]

Re:SEC has not approved Bitcoin ETFs [fixed] by huijzer on Tuesday January 09, 2024 @05:22PM (#38933094)

Apart from some edge cases, Western democracies have quite solid property rights upheld also by the judicial system. But yes if you’re in Russia or China then this argument is moot. They have much less property rights. However, Bitcoin is also not a solution because there is no point in owning Bitcoin if you fell trice out of a Russian window or are sentenced to a labour camp or to the death penalty in China for "fraudulus activities“. Difficult to spend your Bitcoin in both cases.

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Re:SEC has not approved Bitcoin ETFs [fixed] by bluish29 on Tuesday January 09, 2024 @05:38PM (#38933286)

Not only Russian or Chinese, you should open the bracket for any individual, organization or country that the western democracies will deem bad in their view. Or even have the any doubt of association with them. For example we can talk to many Muslims in the UK where no banks will grant them accounts (close account without notice) and how safe they feel [1]

Not that I am a crypto supporter, but the current western based financial system hegemony is good until you are have wrong name, religion, country... etc.

[1] https://www.bloomberg.com/news/features/2023-08-16/british-m...

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Re:SEC has not approved Bitcoin ETFs [fixed] by xvector on Tuesday January 09, 2024 @05:32PM (#38933224)

I certainly wouldn't call being Canadian an "edge case."

Protesting ought to be something you can do in any Western democracy without fear of losing access to your accounts.

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Re:SEC has not approved Bitcoin ETFs [fixed] by huijzer on Tuesday January 09, 2024 @05:48PM (#38933407)

I would hope that the judicial system fixes the government intervention. I haven’t heard of similar cases in Canada or other liberal democracies.

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Re:SEC has not approved Bitcoin ETFs [fixed] by willcipriano on Tuesday January 09, 2024 @05:34PM (#38933239)

Being a trucker in Canada is a edge case. Also being a human interacting with police in the US.

Did you mean intellectual property? You draw Mickey a year ago and a FBI helicopter would soon be overhead to kill your dog and take any cash they find in your wallet.

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Re:SEC has not approved Bitcoin ETFs [fixed] by lokar on Tuesday January 09, 2024 @06:12PM (#38933691)

They were violating the law, and using the funds in the accounts to further the law breaking.

They call it civil disobedience. People seem to forget part of civil disobedience is going to jail and paying a fine. That’s always been the deal.

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Re:SEC has not approved Bitcoin ETFs [fixed] by sokoloff on Tuesday January 09, 2024 @06:15PM (#38933718)

Civil disobedience carrying a negative of some kind for the protester is a significant part of my respect for people doing it.

If it was entirely painless, it would have a lot less effect I think.

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Re:SEC has not approved Bitcoin ETFs [fixed] by tick_tock_tick on Tuesday January 09, 2024 @06:44PM (#38934021)

> People seem to forget part of civil disobedience is going to jail and paying a fine.

That's not even vaguely what happened here and it's well beyond arguing in bad faith to attempt to trivialize it to such.

The goal of freezing the accounts was to make the truckers unable to buy food or pay rent to force a near immediate end. If the civil disobedience starts being evictions and starving protests are going to become a thing of the past.

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Re:SEC has not approved Bitcoin ETFs [fixed] by matthewrobertso on Tuesday January 09, 2024 @06:19PM (#38933749)

Unbanking someone isn't the same as charging them a fine.

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Re:SEC has not approved Bitcoin ETFs [fixed] by xvector on Tuesday January 09, 2024 @07:03PM (#38934199)

There is a massive difference between freezing someone's funds, and having them simply pay a fine

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Re:SEC has not approved Bitcoin ETFs [fixed] by Freedom2 on Tuesday January 09, 2024 @06:18PM (#38933744)

I drew Mickey quite a few times without any helicopter appearing. Do you have a source for that claim?

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