Leister
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Podcast Appearances
Look it up, look it up.
And this was purposely written.
It was purposely written to avoid decoupling from inflation by way of stable assets.
The banks as the impetus behind this,
banks are sitting on cash they're dependent on cash so in order for the government to be okay with them getting into crypto they still have to be beholden to cash i can envision and this is my opinion a world where when you're trying to do a transaction that is for cryptocurrency you are compelled to use a certain type of stable asset pegged to whatever fiat
such that you can not benefit directly from a non inflated value or price.
And because of the transaction and the nature of it being connected to Fiat, it's no different than you doing a straight cash transaction with devalued assets.
I know that sounds kind of complex, but follow.
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.