Coinbase threatens me that continuing to report on their activities would be “.... unwise”. Also, election spending hits a fever pitch, with several new crypto PACs coming out of the woodwork.
Great piece on BlueSky and enshittification by Cory Doctorow. “I will never again devote my energies to building up an audience on a platform whose management can sever my relationship to that audience at will.” I also really appreciate his point that it’s not the blockchain venture capital that leads to enshittification, it’s the venture capital.
Cory is a fellow POSSE-er (and major inspiration to me when I adopted the practice), and has opted not to use Bluesky. Personally, I’ve gone the route of using the platforms that interest me, even the enshittification-prone ones like Bluesky and Threads, but hedging my bets by plugging them into my POSSE system where they can just as easily be unplugged if need be.
i’ve just noticed that at some point the absolute legends that hold the Fairshake.com domain updated their website. they’re the first google result for “fairshake”, above the website for the crypto-focused super PAC
“Plaintiff, through individual intelligence, entrepreneurship and human ingenuity, along with the aid of God, is in the professional business of servicing subprime auto loans”
As an active federal contractor, Coinbase is prohibited from making political contributions, including to super PACs. This makes $50 million that they have contributed in violation of pay-to-play laws for contractors.
See my reporting on their previous violation, which is being reviewed by the FEC: https://www.citationneeded.news/coinbase-campaign-finance-violation/
FTX’s Nishad Singh was sentenced to no jail time, and three years of supervised release. He had pleaded guilty to fraud and money laundering charges, as well as a campaign finance charge, and cooperated with the prosecution.
That just leaves defendant Gary Wang left to be sentenced. I imagine he’s feeling some relief after hearing of Singh’s non-custodial sentence.
This also really underscores the sentencing benefit from cooperation. Ryan Salame, who pleaded guilty but did not cooperate, received 7 1/2 years for a campaign finance charge and a money transmitting charge.
A commenter at Citation Needed suggested I have not adequately explained why I support Kamala Harris, and why I believe it is absolutely critical that everyone who can vote comes out to vote for her. In case I have indeed not been clear, here is my response.
![Plaintiff, through individual intelligence, entrepreneurship and human ingenuity, along with the aid of God, is in the professional business of servicing subprime auto loans generated by an affiliated Car Dealership, alongside an internally-partnered, financial services institution ["Bank"].](https://storage.mollywhite.net/micro/242e61648aa0a46d7a94_Screenshot-2024-10-31-at-7.35.49---PM.png)
