Digital Assets - The Law, Regulations and Policy are Already Super Adequate

When you hear a policy maker talking about how "all we need are new regs for digital assets" they are largely in the process of delivering a make work program for their industry. They do care about your risk. Just not as much as they do about the super adequate income they are pleading for.

A protectionist activity par excellence. They're asking the people to allow them to make extra work, for themselves, "you need us". A make work program under a veil of saving us.

This is a serious allegation for me to make. Regulators and policy makers are there to protect the people from risk and find the best ways to carry out difficult financial operations.

Sure. They are doing this too. And they are doing very much more than is necessary when they ask for additional laws, regulations and new policy. Because what is there already is already perfectly adequate. To object to this is to say that for some fundamental reason digital assets are especially different to all other forms of assets, in law.

They are not. Digital assets, as property, are identical. So the law and regulations are already perfectly adequate for digital assets to be attended to as always.

For example, virtually all crypto assets, including Bitcoin Core(BTC) are in law and under regulations, de facto unregistered securities. And just like other non digital financial securities, they are covered fully by the law and regulations already. It just requires the case law to be carried out in each case to assure users of their levels of risk.

This of course is a very serious matter for those businesses such as miners and exchanges when those legal cases go to the high court, and they will. Because it's illegal to operate while unregistered. Even those investing in them might come under serious scrutiny too. As fiduciaries.

Where are the regulators when we need them most please - after all, they're here to save us, right?

Whereas Bitcoin proper (BSV) is well understood by lawyers to be a commodity. So does not require to be registered nor licensed in the same ways to operate. After all it is not a speculative asset, being a peer to peer ecash system for micropayments. It's a payments mechanism with no speculative risk.

So, when you hear a policy maker talking about how "all we need are new regs for digital assets" they are largely in the process of delivering a make work program for their industry. They do care about your risk. But not as much as they do about the super adequate income they want more.

A Dialogue on the UK's Accession to the United States (UKEXIT)

A Dialogue on the UK's Accession to the United States Executive Summary This initiative seeks to foster a formal dialogue regarding the potential accession of the countries of the United Kingdom , to the United States , as individual states. Being English the main focus is for the country of England to accede. The original intent was to ask the government to lead on it through a petition leading to the question coming before the House of Commons. This was crushed out of hand by the committee leading petitions, which was not a surprise. Simply put, this petition is asking the government to start a conversation about the benefits of leaving the UK and joining the United States. Let us call the initiative UKEXIT (yukezit) The objective is to evaluate the benefits to citizens and stakeholders, encouraging a constructive discourse on the political, economic, and social implications of such a union. If Wales , Northern Ireland , Scotland , or England were to leave the Unit...

The 450 Volt Truth: From Orwell to Obedience

A Complete Thread on Dystopia, Milgram, and Breaking the Agentic State - Why People Act Irrationally and Often Violently When a Tribal Social Structure and Its Hierarchy Are Brought Under Serious Scrutiny This is a tricky topic. Please read the Obedience Glossary of Terms before proceeding Executive Summary This piece was written from a long conversation with Grok. I had to interrogate the AI quite a bit. And was astonished at how it produced such intelligence. I've included the most pertinent parts. Do not be fooled into thinking this is just another Orwell analysis. That is just setting the scene well. For what comes later on the agentic state and how power uses it to control the masses. It may not have all the answers. It might wrong. A lot of it is very hard to believe is happening. But it still seems to fit the bizarre world of system wide dissonance we all live and partake in today, better than all the alternatives. So deserves your continued attention. By all means make yo...

Government & Tax Death Toll

I'm going to show you how government and taxation causes more excess death than any other factor, even global wars and pandemics. It is and always has been the biggest genocide of all. And its deliberate. Government doesn’t just fail to save lives — it takes them, at scale. 2–6 million globally 200K–400K in the U.S. 50K–80K in the UK Every year. Every tax. Every regulation. Cumulatively since 1970 government and tax killed between 160 and 300 million people across the globe More than all 20th century wars and genocides combined (260M) In the U.S. ten times more than all U.S. combat deaths in history (10 * 1.2M) In the UK equivalent to 1 in 15 of all deaths And the nations with more regulations and a higher tax to GDP ratio such as the UK and US, tend to kill more of their own citizens per capita. The poorest nations have a better record than the richest. All this excess death is rooted in the institutions of taxation - the theft of private property, by force, against your fr...

North Stoke Life

Search This Blog