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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

It's just a cryptocurrency for EcoFlow.

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

And that's the compensation we're giving you as a way to thank you.

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

That cryptocurrency then has intrinsic value.

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

because it can be connected straight to the stock levels of the company without being tied to the stock market.

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

It's all about value and all about what the perception of value is for a given entity.

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

If you have a company that has a tangible asset sold on mainstream TV, you're not going to tell a scam.

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

You're not locked in discord.

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

We're talking mainstream product that just happens to have a cryptocurrency associated to it.

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

This that we're talking, the prohibition against wash trading is the only way a cryptocurrency project can thrive because it means you would not be able to do what every one of them do now.

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

which is just talk to a bunch of influencers, tell them to show the product plan on a future launch, pay tens of thousands of dollars to a wash trader to create artificial pump numbers.

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

So I can do a pump and dump graph.

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

You wouldn't be able to do that.

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

You can tell the influencers, the influencers, they're not going to have enough power to influence significant buy-in if they don't see that that price is pumping because the buy tendency is on the green.

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

sharp green.

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

It shouldn't be, but it is.

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

Whereas if you tie it to a real product, this is where real world assets, I think has a part to play.

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

If you tie it to a real product and you're outside the crypto bubble and you get to the mainstream by way of the product, you're going to have people that just take the tokens and do nothing with them because they see no value in them.

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

If they sit on them because they see no value in them, but they don't do anything with it, you're locking them out of circulation.

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

locking them out of circulation, if you get the right set token count, and this is a balance that nobody's perfected, even Bitcoin, if you get the right set token amount and you create that value, it's gonna naturally appreciate and take off under this kind of regulatory framework.

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

So I say, in my mind, as written, I'm not a fan of how this is done because there's too many loopholes.