Community Trust ScoreVerified
Someone said about Bitcoin adoption, “Waiting for regulation” I seriously have no idea what these people are thinking – FinCEN regulates BTC under the BSA of 1970 – CFTC regulates bitcoin derivatives – IRS has ruled that it treats BTC as property – Basel committee has weighed in on BTC reserve reqs etc.
Dan Held Expressed: These scam coins are getting crazy. Someone just shilled me: – 27 Trillion supply – No supply cap – 1 node – 25% of supply minted in the last 6 months – 1% of holders own 30% Nvm. That’s the US dollar.”
Community response: Heard the devs are about to print another 3.5 trillion, performance seems to be lack luster.
Get back to me when you have positive yields and an rapidly increasing market cap larger than any other entity. Tsy yields mean most of that $ is earning more than inflation. Deficits are a capital raise. Please stop lying to promote bitcoin. Bitcoin(bch) doesn’t need your lies
Some guy named Mark on Twitter Spaces was shilling: – coins generated organically – better than a lottery ticket – governments will be able to get enough to pay their bills – governments won’t get front runned.
Forgot to mention that the entity that distributes it is in charge of the largest military and economy in the world
People jump on band wagons and there are so many of them. Keep it simple, buy bitcoin and hodl.
I believe the USD coin founders know what any of that mumbo jumbo means. Tell the SEC to focus on scam coins ONLY gives the crypto community a bad name.
Actually it’s even worse. Because of fractional reserve banking, the real UsD issuance is in the QUADTRILLIONS.
Lloyd Blankfein doesn’t yet own any crypto and grouped himself in with the “old fogies” waiting for regulation before deciding whether to invest”
I think the only regulation that is really outstanding is how capital gains on crypto will be handled on small purchases. Hopefully with BTC as legal tender in nation states it gets treated like foreign currency… meaning no capital gains taxes when you spend it.
Let’s face it: they’re not waiting for government to say it’s okay to buy. They’re waiting for government to tell them to buy. It’s sad.
It is interesting that since El Salvador adopted BTC as legal tender, the IRS changed their definition of a currency.
When they say waiting for regulation they really mean waiting for social approval. Some one tell the IRS that other nation’s legal tender is foreign currency and should be taxed as such.
