Digital assets are not going to be a slice of the pie in the future, it’s the whole pie. You guys delaying clarity act saying the untied states will be the crypto capital of the world. I beg to differ, we won’t be able to compete with other countries offering little to no taxes on crypto with regulation already in place. Wake up…
@JeffTowns3930 @yncxbt @saylor@grok A cpa that doesn’t understand Econ 101? Also can’t afford an account or profile picture for a reason? What ever you say Jeff.
You are saying you don’t understand why institutions that move trillions of dollars daily, don’t have a use for instant settlement?
You probably hated when we moved away from VHS to DVD. You probably hated when we went from fax machine to email.
You are so blind to basic economics, you can’t be helped.
You replying with ad hominem shows you have already lost the argument. Let’s discuss your counter argument though. You do realize Venmo doesn’t move money that fast right? It uses a line of credit to make a transfer. It’s called money settlement. Currently Venmo and banks take 3-5 business days to move physical settlement.
And as for bitcoin, it can’t move a fraction of even the smallest of countries GRP without settlements going into the months of backlog timeframe.
You sir need to lift up the rock you are under and educate yourself.
@yncxbt @saylor In other words, Sandiego has a 23 lane freeway let’s make it 1 lane instead, and divert the roads to nowhere. And then claim it’s simple and sufficient. That’s Bitcoin; its technology solves no real world issue, it’s slower than dial up, and it wastes electricity.
“It makes tax evasion harder” -for the have nots. The endless loop holes for the rich are endless with the current tax system. The premise of going to a consumption tax is to eliminate the possibility of loop holes at the point of purchase. There are no write offs, there are no yearly refunds. If you buy something you pay the set tax amount, the end. That doesn’t mean you eliminate the welfare programs for the have nots. If a person was to choose not to buy extra things they don’t pay as much tax as those that consume more. On another example a have not buying a used beater with a heater for 5k is paying alot less tax than a wealthy person buying a 589,000 dollar Lambo every other month.
Chainlink’s white paper came out in 2017 it’s Mainnet wasn’t launched until the middle of 2019… heck the deco protocol didn’t even go live until 2020… so when you say Swift has been working with Chainlink for a decade, are your decades 5 years long??? 🧐 I like chainlink, but my goodness man…
@swiftcommunity I wonder if swift or its crypto partners will be violating any patents in place for DLT? I wonder who holds a lot of patents on this exact technology? If only I could remember the company name…
@ApolloQuiet@thecryptobasic Uphold has already stated the majority of their supply is held by their clients and not them. I’m sure the other exchanges are similar. A supply shock appears to be on its way.