Leister
๐ค SpeakerAppearances Over Time
Podcast Appearances
If the bank gets into cryptocurrency,
and they tie it to Fiat.
It means that the price that they have to offer would have to run lock step with that inflated value or artificial value.
So I'm suggesting, and it's only a suggestion that it would not be financially advantageous to transact through the banks because their pricing would have to be
lockstep with an inflated value not a market value market might be disrupted by the inflation present with the stable coins connected to the fiat this is all speculation but what i saw that they are purposely trying to connect stable coins to existing fiat purposely how can you then decouple from inflation you cannot
you're connected to an inflated asset, which is the flaw of crypto.
If you're connected to an inflated asset, you are connected to inflated values and inflated pricing.
And when you do it to the stable coin, which is the main transaction exchange point is through a stable coin.
You're essentially tethering, no pun intended, your cryptocurrency to an inflated value.
If my speculation is correct, and I can't say that it is,
The second category is called a investment contract.
This is originated from what the sec described that cryptocurrency was that qualified it as a security.
The idea that it is an investment contract.
I am investing money with an expectation of a return of value.
And anytime that you are issuing a cryptocurrency peg to value in this regard, that it constitutes an investment contract.
So now,
They're defining in the future state an investment contract.
They are accounting for cryptocurrencies.
However, what they're saying now is this has to be something that is sold for the purposes of raising capital.
So now you're talking specifically around like an ICO.