Leister
๐ค SpeakerAppearances Over Time
Podcast Appearances
It'll do games.
It'll do all these things.
And you make it do that.
So you've matured the blockchain, you delivered on these projects and products.
Then they're saying we can remove the security designation from that token that backed it because now it created a utility.
where the token now or coin can now have its own value, its own intrinsic value, as opposed to being beholden to promises that may or may not fly.
So if you picture it, it's saying that for the duration of this, your lofty promises, your BS promises, and all these things you say you're going to do in a presale and you want my money, you are subject to scrutiny by the government.
and you must deliver and if you don't deliver there's all sorts of penalties and criminal penalties and everything else you're like this is perfect right so why then are you against it follow me i'm not done the third category they call it specifically a permitted payment stable coin they're stable coins and some stable coins sole purpose in life is to
enable a transaction, enable a transfer, enable an exchange.
It's not for the purposes of direct payment issuance.
For example, if you wanted to, as payroll pay your staff in stable assets, certain stable coins, you would not do that with you're using it to benefit the chain, let's say, and the stability of the value of the chain, or you're using it locked into liquidity pools to support transfers and exchanges, a permitted,
payment stable coin in their definition specifically is for settling payment transactions.
So you can think Western union right now, Western union takes money in.
They essentially send a ping to another bank elsewhere that says, no, you're good.
Go ahead and give that person 500 bucks on the other side.
They take a fee from your outbound.
They take a, they take their cut.
They send a ping saying it's okay to go ahead and do that.
And then they send money.
to that third entity where on the other side, and then the person will go pick up the money.