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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

That's right.

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

It's just numbers on a chain to me.

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

I have no problem trying to deal with bad actors, but I understand that the vast majority of bad actors are not in the United States.

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

So one way to deal with that, I think without violating privacy is to simply introduce the cryptocurrency equivalent of the FDIC.

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

They won't do that because taxpayers don't want to pay for gamblers, but that would mitigate it.

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

It's like, okay, we'll let you do it, but we'll put some insurance at least, but we know we can't deal with these bad actors overseas.

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

Taxpayers don't want to pay for that.

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

I get it.

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

I wouldn't, I don't necessarily, but I would rather that than a law that has no teeth that won't do anything to solve the problem.

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

In summary and in closing, I understand people's excitement about the clarity act.

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

I'm not suggesting we need nothing.

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

I'm not suggesting we do nothing.

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

I'm saying that it feels like a solution to a non-issue.

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

It feels like we're just reacting to people getting ripped off instead of properly understanding when and why they get ripped off.

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

If somebody chose to give their credit card to something, yes, there should be some protections.

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

I don't agree that it should be at the detriment of everybody else either.

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

If somebody puts a presale,

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

And some influencer misleads people as to the nature of the presale.

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

I think that's, that's going out to the influencer, not the issuer.