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Leister

๐Ÿ‘ค Speaker
612 total appearances

Appearances Over Time

Podcast Appearances

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

If the bank gets into cryptocurrency,

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

and they tie it to Fiat.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

It means that the price that they have to offer would have to run lock step with that inflated value or artificial value.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

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

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

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

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

you're connected to an inflated asset, which is the flaw of crypto.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

If you're connected to an inflated asset, you are connected to inflated values and inflated pricing.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

And when you do it to the stable coin, which is the main transaction exchange point is through a stable coin.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

You're essentially tethering, no pun intended, your cryptocurrency to an inflated value.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

If my speculation is correct, and I can't say that it is,

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

The second category is called a investment contract.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

This is originated from what the sec described that cryptocurrency was that qualified it as a security.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

The idea that it is an investment contract.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

I am investing money with an expectation of a return of value.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

And anytime that you are issuing a cryptocurrency peg to value in this regard, that it constitutes an investment contract.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

So now,

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

They're defining in the future state an investment contract.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

They are accounting for cryptocurrencies.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

However, what they're saying now is this has to be something that is sold for the purposes of raising capital.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

So now you're talking specifically around like an ICO.