Something a Little New

Opens October 15th 2023 trying a new approach, writing in Obsidian to clarify his XRP-case comments because people keep misunderstanding them.

Separates two distinct concerns: whether Ethereum got a free pass from the SEC, and whether Ethereum people bribed or influenced the SEC to go after XRP.

The baseline that he is not okay with corruption, dislikes using relationships to improperly influence government, and has never believed XRP is a security.

He has not and will not review the free-pass concern because it is impossible to prove one way or the other.

Compares it to COVID, where overwhelming lab-leak evidence still convinces no one in power, and lists free-pass reasons from friendship and a future job to too-big-to-fail or corruption.

Suggests free-pass motives could include Bill Hinman being friends with Joe Lubin, wanting a job, a geopolitical advantage, or keeping the industry in Silicon Valley for donors.

You cannot know a person's motive without an investigation, and the US does not do investigations anymore.

Lists uninvestigated things: COVID, the BLM response, 20 years of Afghanistan and Iraq spending, and 60 years of the CIA.

More uninvestigated issues: male fertility down 50 percent, sugar, and telecom consolidation to four then three carriers as T-Mobile bought Sprint.

Doubts Gary Gensler's conduct will ever be investigated even when the other party takes power.

Without a proper investigation you can convince yourself Ethereum got a free pass, as John Deaton and the community argue, but it cannot be proven.

The only thing he ever spoke about was the second concern, whether Ethereum people bribed or influenced the SEC to target XRP.

Asks where the evidence is, an email, a recording, hidden text, video, or a whistleblower saying go after XRP, since a money trail alone does not prove the connection.

A lot gets a free pass in America, and that a CoinTelegraph article misframed his AMA remarks as favoritism rather than corruption.

Claiming a bribe without a smoking gun is an unsupported grand conspiracy requiring many leaps of faith.

Argues it is against Ethereum's interest for any layer one to be attacked, because that creates case law usable against Ethereum itself.

Says if XRP is a security the SEC could apply the same construct to Ethereum, and a future Republican chairman would not be beholden to Joe Lubin.

Asks why Joe Lubin would risk it, since XRP was not even a competitor, having no smart contracts, no mining, and living in interbank settlement and remittances.

Weaponizing the SEC creates case law that by transitivity hurts ConsenSys's own many token offerings, its crown jewels.

Restates the baseline, says he is glad the SEC lost, and will not dig into Deaton's evidence beyond the surface because no investigation will ever happen.

Cites the 2008 crash where only Bernie Madoff went to jail while the banks got bigger, part of a legal system that no longer holds power accountable.

Calls it corporatism, an unholy alliance where regulators end up working for the corporations they regulated, across pharma, the military, education, and banking.

He agrees in spirit XRP is not a security as the courts ruled, but you cannot infer a competitor was deliberately targeted without evidence.

Recalls being one of the few layer-one CEOs to publicly defend XRP against the security lawsuit, unlike Vitalik.

He left Ethereum in June 2014, was pushed out, and had set up the earlier Ethereum Switzerland GmbH with Mihai Alisie before the foundation and crowd sale formed that July, so no documents bear his name.

Calls conspiratorial thinking a disease of the mind that costs you friends and any objective reality, making everyone either with you or against you.

Lists more uninvestigated injustices like the East Palestine Ohio train derailment under Pete Buttigieg, arguing only changing the Constitution ends corporatism.

Warns of another Middle East conflict as the US pushes toward war with Iran, costing trillions with the public getting the bill.

He never wakes up trying to beat Ethereum, Bitcoin, or XRP, since all crypto shares a 98 percent overlap in empowering users, self-sovereign identity, and being your own bank.

The real enemies tell you that you cannot check your elections, own your money or property, or have objective truth, making 1984 look like an instruction manual.

Shames crypto media like CoinTelegraph for AI-driven low-context articles built off a single tweet, since no one reads past headlines anymore.

With 10 percent inflation halving money every seven years, everyone becomes a millionaire under hyperinflation, like Venezuela eating zoo animals.

Cites Vint Cerf not imagining mobile computing or more than 4 billion computers in the 1970s, causing address-space mistakes impossible to fix, so freedom and rights deserve far more design care.

Asks people to step back and ask what he is really trying to say before commenting, since the real enemies are those taking your freedom, not builders giving open-source work away for a decade.

He did not engage with Deaton's research on podcasts because investigations never happen, and things affecting every American like COVID or the 31-trillion debt would rank higher.

He does engage on specific claims, like the Biden Administration weaponizing the Treasury via Operation Choke Point 2.0 to unbank crypto companies, for which there is ample evidence.

Believing one project can influence agencies to act like a president across two administrations is a tall order needing overwhelming evidence, and such claims usually fall apart, as with attacks on SpaceX and Tesla.

Closes anticipating how crypto Reddit and CoinTelegraph will misrun the video, hoping to break through that the people you think are enemies are actually on the same side.