Leister
๐ค SpeakerAppearances Over Time
Podcast Appearances
Because once again, once the investment is resolved, meaning I sell that asset to somebody else, once I've sold it, that person's off the hook.
The original issuer is off the hook because there's no longer a contract implied contract between the two.
The other part of this one, which I do somewhat like is it expects that this is all part of an actual product.
So if you have a presale where they're telling you, it's going to be a blockchain, there's going to be a blockchain for this.
They're saying that all of this is contingent on the maturity prospect.
So if you get to a point, if you say, I'm going to do a presale, I'm going to give you a blockchain.
And I say, and this goes to claims.
If I say the blockchain is going to do X, Y, Z, it'll do D apps.
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.