Spacebucks $SBX is easily the best crypto on the market right now and it’s not particularly close. My bags are packed. May the Schwartz be with you anon.
@crypto_shark@macky025@hoffmang Permuto is issuing the trust themselves--there are thousands of examples on the market today of companies taking shares and creating a derivative version of them. State Street didn't need permission to bundle the components of the S&P 500 into their trust.
@splitXCH@CryptoHe4dlines@macky025@chia_project Exactly. This isn't related to Permuto. The SEC/issuers of common shares (e.g. Apple) are concerned about issuing "copies" of their shares on a blockchain. Permuto is issuing these products themselves. It's similar to something like Direxion making a leveraged NVDA ETF.
@samtr981@tZERO@Alan_Konevsky@marcuslemonis Incumbents like NYSE are going to take a bunch of fliers on these new technologies in order to stay relevant. Just because they invest into one tech does not mean they're going to lock themselves in, especially when there is no clear winning currently.
@rewsnAsiaihC@debur_xch Gene has said that it’s not ideal that they have to sell coins, but they have a clear pathway to profitability (aka no selling coins). It’s up to you to determine whether or not it’s the truth, but he’s been transparent the whole time.
@slezisatoshi@graviton2007@hoffmang@Sviridy59@bramcohen@chia_project It has been discussed ad nauseum in the discord. Gene has said many times that they wish they didn't have to sell at current prices. He's said it's the best funding option they have currently. I think this article explains the situation well:
https://t.co/HySHWLiNZr