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Leister

๐Ÿ‘ค Speaker
1620 total appearances

Appearances Over Time

Podcast Appearances

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

Look it up, look it up.

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

And this was purposely written.

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

It was purposely written to avoid decoupling from inflation by way of stable assets.

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

The banks as the impetus behind this,

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

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

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

such that you can not benefit directly from a non inflated value or price.

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

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.

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

I know that sounds kind of complex, but follow.

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.