https://cryptonews.com/news/sec-meme-token-shoots-up-25000-following-binance-coinbase-lawsuits-lesser-known-coin-may-next-crypto-explode-how-buy-early.htm #memecoin #altcoin #sme #somee #sports #leo #waivio

Hello Amigos.
Happy new day.
I gladly welcome you to my actifit report for Wednesday 7th June, 2023.
A good start of the day with a cool weather.
As usual I woke up early around 5:50am.
A quick finish with some house chores and online activities.

Then hitting the road early, with walking around for sometime.
The weather was just not bright.
As predicted it rained in the afternoon and had mercy on me to stop before it was time for evening church program.
Week of spiritual empowerment for the month of June.

Walking on the wet road to church around some minutes to 5pm wasn't bad.

The weather was still cloudy.

But it looks so beautiful.
At this moment people were rushing to their homes or to attend to an important thing.
It started raining immediately when I got to church.
Service was awesome.
Preached about Reigning with the word and Foundational requirements for reigning by the word of God.
Came back around some minutes after 8pm.
Prepared dinner, showered and ate dinner.
Finished up with some online task.
Before calling it a blessed day.
We go again today.
Thank you very much for stopping by my blog.
Wishing you a marvelous day ahead This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io 07/06/2023 7314 Daily Activity, House Chores, Walking
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Another SEC lawsuit after binance saga which had negative impact on crypto market, they have allegedly sue Coinbase exchange for operating as an unregistered security exchange.

When will the SEC end all this mind play games have no idea maybe these exchange need to start suing SEC for causing chaos in the market as well.

#awesme #somee #crypto #social

[Image source](https://www.instagram.com/p/CtMYPrQIKoK/?igshid=MzRlODBiNWFlZA==)

What a wonderful and a fulfilled day. Thanks be to God for all he's done. This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io 07/06/2023 6867 Daily Activity, Walking
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[Photo Credit](https://www.pexels.com/photo/stone-communist-monument-with-crowd-of-people-13430559/)
I am writing this post as an entry to the LeoFinance Zealy campaign. I hope that this piece will be accepted in the Politics Writer Quest under CYOA Finance Bro.
In this post, I just want to share with you a conversation on Quora that happened sometime in September 2020. I was asking a question regarding the nature of central banks and their relationship to socialism or capitalism. Unfortunately, the initial respondent didn’t like my post and bombarded me with the typical caricature charged against those who defend the free market economy.
Among the five arguments he raised, I just want to limit myself to three of them. Here, we touch on relevant topics about sources of economic information, Fascism, and socialism.
Your Mind is Polluted
Yes, that is the first charge thrown at me. The guy postures to be an authority when it comes to socialism. He accused me of misinformation. That’s the lighter version. What he exactly said is that my mind is polluted because I get my information from Mises’ institute and he added that is my big problem.
I responded to him by saying why getting my information from Mises Institute is my problem. Could I say the same thing to him that his problem is that he is listening to all socialist intellectuals except Mises? Would I be correct in saying that?
No one can decide which of us is right in the absence of a set of standards. Perhaps a more realistic statement that he should say would be, "My problem with you is that you are getting your information from the Mises Institute." That is his issue, not mine since I don't consider acquiring information from the Mises Institute as being an issue for me.
Ludwig von Mises is a Fascist
And then he made a popular remark about Ludwig von Mises being a fascist, and even quoted a passage from Mises’ 1927 book to prove his point:

It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history.

To this follow-up response, I then replied that I am not sure if he believes in Moral Law. The rule of giving a false account of another person is one of the laws in Moral Law. If you notice someone doing it, correct them and refrain from aiding in the propagation of such accusations. Before repeating such a thing if you are unsure of it, you should do your research. Not unless you are certain that the false charge is true, in which case you have every right to repeat it.
Unfortunately, there is no way for him to hear the other side of the issue because he has already decided that the material from the Mises Institute is harmful. He has no idea that the quote he used was misinterpreted and does not prove that Mises supported fascism. Nobody would ever guess that Mises was merely confirming the widely held belief that many people in his time saw Fascism as a savior. Recognizing a widely held opinion does not equate to having fascist sympathies. Furthermore, he would never guess that Mises opposed fascism in his heavier works like Human Action and Socialism: An Economic and Sociological Analysis.
In the booklet Planned Chaos, Mises explained the reason for the popularity of the idea that Fascism is related to capitalism. This is the idea that the above respondent wants to parrot and spread without doing his homework first.
Due to the unpopularity of Fascism, both capitalism and socialism disown her as their offspring. However, the prevailing idea is that Fascism is a product of capitalism. This is in agreement with Mises’ statement that such an accusation is a result of semantic innovation on the part of communist intellectuals. Together with Nazism, Fascism was described as "the highest and last and most depraved stage of capitalism" (Mises, Planned Chaos, 1951, p. 29).
To understand the background of Fascism, one must look back to what happened in Italy in 1914 during the prominence of Benito Mussolini. Mises said that at that time, Mussolini who initially played a significant role in Italian socialism displayed strong adherence to Marxist principles.
However, Mussolini encountered a problem. Italian intellectuals were nationalists. Though at first, he attacked this ideology, due to the pressure of Italian academics, Mussolini switched sides, which resulted in the creation of a Fascist party.
Though Mussolini claimed that he protected Italy from the menace of communism, Mises disputes this assertion, asserting that Fascism was not the cause but the consequence of the communist failure.
And so, if we will give Mises a fair hearing, we can see that the way he articulated the traits of Fascism showed that its origin is not in capitalism, but in socialism. He called it “vehemently anti-capitalistic” (p.31) though “it did not suppress the industrial and financial corporations” (p.32). What makes Fascism very dangerous is that it also affirms freedom of speech, the press, and public assembly, but all of these are just lip service. Moreover, even though Fascism was buried in history, Mises asserted that the forces behind it are still active and issued a grave warning to his readers about the likelihood of its resurgence under a different guise.
Socialism is All About the Government Doing Stuff
And for his third argument, he put words into my mouth about his understanding of socialism by saying:

. . . socialism isn’t when the government does stuff okay? Until you get that, no one can reason with you.

He then added a series of memes and concluded with a 21-second YouTube video from Richard Wolff repeating the same meme.
How did I respond to this guy?
The gist of his argument is that anyone who thinks that socialism is all about the government doing more stuff is irrational and therefore no one can reason with him.
I told him to try a better response than that. He appears to assume that his comical way of defining socialism is my understanding of the term. That to me is a huge assumption difficult to prove.
Nevertheless, I still think that he is aware that diverse notions of socialism exist, and therefore defining the term isn’t just that easy.
In my search for socialism’s definition, simply confining my reference to Wikipedia is already complicated. Two things are clear about socialism given in this online encyclopedia:

That “Socialism is an economic system characterized by social ownership of the means of production and cooperative management of the economy.”

In this definition, we need to further clarify the meaning of “social ownership” and “cooperative management”. In continuing the definition given by Wikipedia, it appears that “social ownership” and “cooperative management” are closely connected. And under the umbrella of “social ownership”, “cooperative enterprises, common ownership, state ownership, citizen ownership of equity, or any combination of these” are included. This definition is not easy to grasp and if this is what we understand by socialism, no wonder, the question is difficult to answer.

Wikipedia also identified that “varieties’ of socialism exist “and there is no single definition encapsulating all of them.” Then Wikipedia mentioned “markets” and “productive institutions” and I think this is the reason why some people believe that under socialism, a free market can exist. Moreover, I consider that the most important insight Wikipedia pointed out is about the “role of the state in constructing socialism.”

Summarizing and paraphrasing what I wrote here and here:
By examining four references, namely Planned Chaos, Omnipotent Government, A Theory of Socialism and Capitalism, and Socialism: An Economic and Sociological Analysis, it is possible to identify at least seven variations of socialism. These variations include communism, interventionism (also referred to as Nazism or national socialism), social democracy, social engineering, military socialism, Christian socialism, and guild socialism. Additionally, there are three pseudo-socialist systems: solidarism, profit-sharing, and syndicalism.
While I identified seven types of socialism above, it is important to note that this categorization may not encompass the full breadth of socialist ideologies. Wikipedia, a comprehensive online encyclopedia, provides a broader framework. It distinguishes between two general categories of socialism: economic and political.
From an economic standpoint, socialism can be classified into four forms: planned economy, self-managed economy, state-directed economy, and market socialism. These categories focus on different approaches to economic organization within a socialist system.
From a political perspective, socialism can be further divided into five versions. Anarchism, which was removed from this discussion, is recognized separately due to its distinct roots. The remaining versions include libertarian socialism (synonymous with left anarchism), democratic socialism, religious socialism (such as Christian socialism, Islamic socialism, and Buddhist socialism), social democracy, and syndicalism.
Therefore, considering both the economic and political perspectives, it is possible to identify nine or ten distinct versions of socialism within this framework.
That's my recollection of such an unfortunate conversation on Quora that happened three years ago. Since then, I got tired of political topics. They are heading nowhere but hatred and hostility. Since the pandemic and after stumbling upon the potential offered by blockchain and cryptocurrency, I stopped engaging in those kinds of topics both on Facebook and Quora. Instead of wasting my time on such unhealthy discussions, I would rather focus my energy on something productive just like what we're doing here on Hive, LeoFinance, and other tribes.
Grace and peace!
What is LeoFinance?
What is Hive?

Trending News in Crypto

Ripple Lawsuit: “SEC Has A 3% Chance Of Winning,” Says Lawyer, Predicts XRP Victory Surge to $10 Price
38 minutes ago via zycrypto.com (https://cryptopanic.com/news/18524496/Ripple-Lawsuit-SEC-Has-A-3-Chance-Of-Winning-Says-Lawyer-Predicts-XRP-Victory-Surge-to-10-Price)➡

The SEC is seeking court order to freeze Binance US’s assets
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Cardano Foundation fires back at SEC calling ADA security
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Jim Cramer’s ‘Cardanzo’ gaffe on air sparks ridicule by Cardano founder and crypto crowd
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XRP, ADA and SHIB Are Among Potential Undervalued Cryptos, Santiment Analysis Shows
9 hours ago via cryptoglobe.com (https://cryptopanic.com/news/18517489/XRP-ADA-and-SHIB-Are-Among-Potential-Undervalued-Cryptos-Santiment-Analysis-Shows)➡

Not a great time for crypto
We are already in a crypto bear market that still persists without showing us a clear path to recovery. In the meantime, we have the SEC that keeps going with its attacks with 13 laws against Binance.
I don't know what the real motivation behind the US government where they don't provide clear guidance. Instead of keeping with the current attitude to bring those battles to the court.
A system that has proved it can take a huge amount of capital, energy, etc...
Can you imagine being in the shoes of the Binance CEO? It might be a real challenge for him to stay afloat with a positive vibe and attitude.
The US dollar bleeding...
We are at a convergence point the US is starting to lose its position of domination globally. They just keep rising the debt ceiling with more trillions of dollars.
The solution is just to keep printing more money and diminish the purchasing power of people. I can start to understand why the BRICS countries want to finish with this global currency.
Central banks keep purchasing gold to increase their reserve on their balance sheet. They know the US dollar is near its end as a global currency.
Humans always keep repeating the same mistake over and over! In a real economy, the notion of easy money does not exist.
People need to bring value for people to make a real economy.
Now they want to freeze Binance US assets
I have difficulty with this move because I don't believe Binance deserves to be attacked this way. The ongoing battle between Ripple and the SEC still persist since 2020 and the battle is not yet finished.
Can you imagine if they freeze their assets how people will get their money back? I don't understand how the SEC is thinking in the current attack against Binance.
How the company will pay it is billing and met it is obligations?
Something we need to understand! The real motive behind the US government it they scare about crypto.
When you read between the dots... When you use crypto, you can still stop using the US dollar entirely.
In my case, I never use the US dollar and I wake up each day without stress. The US dollar is only paper backed by nothing!
It is only a system of value for exchanging goods and services that people trust to use.
Motivation to Attack a Chinese Entrepreneur
We know the US has a big challenge with China that is becoming more powerful each day. The rivalry between both superpowers is there and hope not to see a war materialize in my lifetime.
We have seen the same thing with the plan to ban TikTok on the US mainland. We live in a period of uncertainty and I don't know where that might go.
This builder has facilitated millions of people to be exposed to the crypto industry.
It is maybe a political move! It is hard to decipher the real agenda behind the US government's move.
What I am thinking
I am not happy to see this industry that I love so much be attacked once again by central entities. Crypto companies do not have clear clarity on how to operate within the US territory.
Now those crypto entrepreneurs need to do a step back and fight a boring fight.
I have good faith that something powerful will come out of this battle. Maybe more clarity because I know deep in my heart crypto is here to stay.
Have a wonderful day!
PS: It is only my personal opinion and always remember I am not a financial planner and always do your own research.

Hello Amigos.
I humbly welcome you to my actifit report for Tuesday 6th June, 2023.
I woke up around 6:10am, gave thanks to God.
Did few house chores.

Then went for a walk, I walked for a while before walking back home.

Saw a friend on my way back home, we talked for sometime.
This delayed my breakfast, I had to eat late breakfast.
After that I started up with some online activities.
I was focused for sometime doing it, until a friend of mine visited.
It was a lot of planning and organizing for her upcoming wedding.
Which I know very well it won't be that soon, by the look of things.
But a planning is needed.
I saw her off in the evening, which helped me to walk for sometime too embracing the fresh breeze outside.
I ended my day with completing some online task.
Thank you very much for checking out my blog.
Let's go again today.
Wishing you a fantastic day
This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io 06/06/2023 7107 Daily Activity, House Chores, Walking
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Tuesday was superb from this end. It rained and chilling. Thank God I am alive. This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io 06/06/2023 3018 Daily Activity, Walking
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Binance exchange push back at SEC showing disappointment on it process of lawsuit despite having extensive negotiations to reach good term with the SEC, the exchange shows disappointment over allegations of funds mismanagement and selling unregistered token which are not considered securities by SEC.

#awesme #crypto #somee #bitcoin #binance

[Image source](https://www.instagram.com/p/CtJpbiNolBy/?igshid=MzRlODBiNWFlZA==)

Hey guys hope you all are well
The Flash's attempt to change the past for his family leads to a future threatened by General Zod. Teaming up with a retired Batman, they must rescue a captive Kryptonian.
Release date: June 16, 2023 (USA)













#somee #awsme #movielover #movies #Theflash #newmovie #DCmovies

Introduction
We cannot live quietly on a simple day in the realm of crypto without noises and turbulence. The market is boring and flat lately, but we have a lot of action with the SEC!
Their purpose and mission is to protect customers' money. In reality, now they are attacking crypto companies without clarity. It is wrongdoing what they are trying to accomplish personally.
Crypto companies beg for years for clear regulations in the crypto sector. You see the EU, have some advance with the MICA framework.
Better to have something than nothing!
Binance vs SEC
The modus operandi is always the same as the SEC behavior. Binance keeps doing business as usual and received a letter stipulating what they have done wrong.
Some crypto traded on their platform from the SEC perspective are considered securities. It is not clear what is the real definition of security for crypto with the regulations that exist today.
We need to have a new and clear framework in place for cryptoassets like tokens, NFTs, etc... You cannot interpret the way you think is right and attack without any notice crypto companies that want to be legit.
Those companies bring innovation with a lot of value for crypto investors. They provide a way for people to purchase, sell, and build wealth easily without the need to think too much.
It is already a difficult ecosystem to master for a typical investor who just wants to have a presence in the crypto realm...
Immediate consequences of this attack from the SEC
From the headlines I check rapidly in the last 24 hours, 700 million was removed from the Binance liquidity. This reaction is people are scared of not being able to access their funds in the worst-case scenario.
What people have not learned!
You just leave crypto assets that intend you to trade. Not assets that you keep for the long term. It is not the first or last behavior like this we are going to expect.
Bitcoin has crashed from this market sentiment. When BTC is in the red, the rest of the market follows the pattern!
We love the volatility!
If you can't handle it, you are in the wrong market...
What to expect next?
This is a legal battle that can take years before something can materialize. Those legal fees from the government are paid with people's taxes...
In the case of Binance, I believe you can reduce the legal fees from your business expense. But I am not quite sure...
This is very costly for a company to battle because you need to hire the best layers. You need to fight with the interpretation of words and laws in place.
The results are years of energy spending, stress, and suffering for the crypto industry.
The US seems to fight for innovation in its territory and make sure crypto is moving to other international jurisdictions.
My perspective
I believe is not good for the whole industry's constant attacks from the SEC entity. No matter what they are trying it will not change the path of crypto penetration and prosperity.
People understand the risk of crypto and if they intend to purchase them. They know the risks and rewards associated with it.
I hope this battle will not last years and both parties can find a fast settlement.
PS: It is my personal opinion and I am not a financial advisor. Always do your own research.

Hello Amigos.
Welcome to my actifit report for Monday 5th June, 2023.

A good start of the day, I woke up by 6:10am gave thanks to God.
I missed actifit report for Sunday because my phone wasn't in a good shape.
I just managed it to engage on hive for sometime, I didn't carry it around because part of it was open and could fall off.
So, after doing some house chores.
I went for an early morning walk though without my phone.
I came back prepared and ate breakfast before preparing to go to the phone repair shop.
Because he usually come around 10am.
As I was walking to the phone repair shop around 10:30am, I saw the phone repair shop owner.
I told him I was going to his shop, he pleaded I wait for him in the shop, that it's open.
He wanted to go and eat.
I passed and saw an extension that I needed for sale.

I priced and bought it for #1200($2.59).

Five three pins, five two pins.
I got to the repair shop, waited for sometime before his return.

To repair my phone didn't take much time.
He just quickly fixed it and continued with other work.

With my phone now is better shape, I hit the road to get some counts.
In about an hour, the weather changed and it started raining.
I was so glad it wasn't heavy, I ran back home getting a bit wet.
The rain remained like that throughout the day, little but steady.
I ended my day with getting some task done on hive.
That's it for my Monday.
Wishing you all a marvelous day ahead
Let's go again today
Thank you very much for checking out my blog. This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io 05/06/2023 4078 Daily Activity, House Chores, Walking
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