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Comment by pffft8888 | Hacker News Reader

I got flagged in the other thread. It was because I said the gov is going mad with power. This is not about Binance. They are going after Coinbase, too. They are trying to severe the connections between tradFi and deFi. They are also trying to censor views they don't like on all social media. Isn't that a coincidence? And take out TikTok too while you're at it, so only place to speak out now is Twitter... and they scared everyone away from Twitter because they say Musk is an alt right nutjob. SMH. Crazy times.

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> not about Binance. They are going after Coinbase, too. They are trying to severe the connections between tradFi and deFi...Isn't that a coincidence?

No. It’s hard, politically, to go after something when it’s making people rich. These investigations have been ongoing, some for years. FTX and Silvergate changed the calculus of watching, waiting and collecting versus pressing charges.

It's a great smoke screen for sure. They've been wanting to do this for ages. Now they have an excuse. Some would even venture to say that they knew about FTX and let it slide until it blew up, same way they knew the Saudis were funneling money to 9/11 terrorists and did nothing, then went to war with Iraq. Coinbase feels like Iraq right now. LOL. I mean some may say this is the emergent AI of gov acting out, not anyone doing it consciously. Something is extremely disturbing about this coinciding with an FBI-coordinated mass censorship campaign that upholds the field of denial everyone is stuck in.

> been wanting to do this for ages. Now they have an excuse.

There is always a longer list of enforcement targets than enforcement capacity. Learning from crises isn't a conspiracy, it's competence.

> they knew about FTX and let it slide until it blew up

I would 100% say this. Many people did. They weren't confident, however, they could prove it in court.

Why you are probably being flagged her is you are rambling instead of laying out a case. You boarder conspiracy theorists instead of providing a constructive argument.

TikTok is a threat to national security, the amount of data they take from people is insane. We have youtube shorts, facebook reels, instagram whatevers, and had Vine - there's no reason we can't move elsewhere. Saying that I work for a defense contractor so can't install TikTok contractually anyway (:

Yes TikTok is a National Security issue. The issue with TikTok v all the social media companies you named is one thing.

The US government cannot censor or control TikTok the same way they censor and control US based social media companies. The US alphabet boiz have all access and muscle to get the data these social media companies have one way or another.

Probably you got flagged because, you say "because they say Musk is an alt right nutjob." While he himself tweets right wing stuff all the time, it's not something that's made up. You lose your credibility with that. And who is using TikTok to speak out? It's the most censored platform brought to you by a government that loves censorship, they were caught with boosting "pretty stuff", and has bought a lot of nonsense challenges.

Time and again I said this but anyone who thinks we will have decentralized currency are fools, who don't understand why the financial industry works the way it works. And why do govts don't like not having control over their currency.

And the only place to speak out is Twitter? A boy was banned from the platform because he published publicly available data of a private jet owned by the owner of Twitter. Overnight it was decided what constitutes parody or joke.

Maybe you were flagged because of how you presented your ideas.

The CFTC is going after Binance for purposeful evasion of U.S. regularities.

The SEC is taking action on Coinbase, this one is more confusing because Coinbase has been asking for guidance from the SEC and they have refused.

TikTok is a national security risk, unrelated to these other two issues, if you've seen the conspiracy theories being peddled by Elon, he does present a lot of right-wing/alt-right positions.

> has been asking for guidance

Coinbase has announced that they've asked for guidance. I find it equally plausible that the SEC hasn't decided the rules as that Coinbase asked for overly specific (or overly broad) guidance that they knew couldn't be given.

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