the thing i don't get is: what incentive, at all, does the US government have to play ball? why would they relinquish control of the financial system, specifically control of the money supply, and hand it over to a gaggle of tech bros with a checkered track record of fraud and rug pulls?
I can’t think of a single scenario where everything fail but crypto is still going strong… zombie, Aliens, meteors, massif floods, super volcano, ice age, wild fire , nuclear war…
Cash has the biggest use case for fraud.arguably its biggest use case is fraud. you take a sector where fraud was already an issue — finance — and you want to deregulate it further? and somehow you've convinced average joe shmucks this is a good thing?
is it any surprise we've had SBF and CZ? not to mention hundreds of run-of-the-mill rug pulls?
Crypto cat is already out of the bag. There has been a lot of resistance in US with regulations and organizations like SEC are making it extra challenging. But the tide is shifting. More politicians are supporting crypto. US would be left behind on the global scale if they dont adapt. Tech talent has already been leaving for more crypto-friendly destinations. Regulation is what will help minimize the the odds of the next FTX or rug pull. Central banks certainly don't like it, as indeed they are losing some control, and ECB has recently stated bitcoin has zero value.
But, regulation is anathema to crypto. If crypto becomes regulated, it loses what makes crypto special.
But, regulation is anathema to crypto. If crypto becomes regulated, it loses what makes crypto special.
Very interesting post prior to the 450m award victory!If you are a risk taker I strongly suggest looking into NLST, usually I would never own a stock that's traded on the OTC in the US as it's full of scam companies but they were delisted from the Nasdaq and have been royally screwed over by Google, Samsung, Micron, SK Hynix, the PTAB.
My company is owed Billions from them, we own the only patents that cover this, they somehow got the PTAB (Obama's stupid creation) to reverse their patents saying anyone could do this, when it's memory chips that go in phones, etc... The US court system doesn't really acknowledge the PTAB's rulings (they were created in 2009), they just leaked emails showing Samsung willingly breached the contract we had with them and they talk about how they were making 3M a month but want to push for Netlist to settle for 500K a month (it goes back before 2021). Samsung is sitting on 40B in cash US, so I don't know why they are playing this game when they could easily have paid them Millions at the time and would now have direct access to their HBM chips which are what is needed to power AI software from what i'm told.
They beat Samsung in court last year, got 303M for 15 months of breach of contract off our oldest tech DDR4, as DDR5 is the next level up and HBM the hot ticket since AI is hopefully going to be huge in the next few years.
Netlist Secures Final Judgment against Samsung Confirming Willful Infringement and $303,150,000 in Damages
Netlist, Inc. (OTCQB:NLST), a pioneer in high performance memory technology, today announced the entry of a Final Judgment in the case of Netlist v. Samsung Electronics Co. Ltd. et al. (EDTX Case No.finance.yahoo.com
They are in court now vs Samsung and next week vs Micron, same judge in both cases who also was the judge when we won the 303M+ suite to which we should see this week if the jury agrees that Samsung broke the contract or not. The only way they lose is if the judge doesn't allow the leaked emails they have from Samsung laughing at Netlist and openly admitting they also gave the tech to the Korean government despite not being allowed to do so. They are so f***ed imo.
Then on Monday starts the Micron trial, they are presenting the same defense as Samsung but the only difference is unlike Samsung they never had a contract with Netlist, they just stole the tech and made Billions off it.
If there's any justice this stock will be huge in the next 5 years or so. But I've been in this spot before with RCPI, rock creek pharma, so I know there's no justice anymore as they had the greatest anti-inflammatory drug ever discovered with no side effects but can't have a drug that works and has almost no side effects so they were smashed by the FDA. If you look deep into it and know someone that understands the medical aspects of Anatabloc and what it could have been yet somehow it's just been swept under the rug and forgotten about.
Very interesting post prior to the 450m award victory!
Netlist awarded $445m in patent infringement trial against Micron By Investing.com
Netlist awarded $445m in patent infringement trial against Micronwww.investing.com
I put the stock on my watchlist and noticed today there's some restriction placed on buying shares.
Maybe, but I swear I've hearing this forever.
Maybe, but I swear I've hearing this forever.
I started reading about the stock market in 2016 when I was a poor college students and the prevailing sentiment was that "Dow can't get to 20 000, its about to crash". Heard the same thing when we hit rock bottom during the 2020 covid sell off, "it for sure will drop another 50% bro". Then again 2 years ago before we got this great rally, "market's overvalued, we're heading for a recession, sell everything!!". Doomerism is almost always the prevailing sentiment.
This might be the time it actually drops a lot. In my 30+ years timeframe, it will for sure happen a few times. But doomers, just like economists, predicted about 100 out of the last 3 crashes so I'll just keep on DCA'ing.
Sucks that the stupid canadian market is closed today though
There certainly are sectors that could/should crash at some point in the near future. Hopefully they don't bring down the whole market with them or at least aren't caused by a systemic underlying issue like the 2008 crisis. I'm still 30 years (at least) from my retirement so I'll be fine either way but deep recessions affect society way more than just people's portfolio. Sadly stupid Wall Street Crooks can't help themselves but to push their money grabbing schemes too far once in a while though. Hopefully this isn't one of those times.
