Cryptocurrencies

[Luke]

50 minutes ago, SharperDingaan said:

 

The more rapidly that BTC protocol climbs the adoption curve the better; the meme sh1te is just Trumps base being pulled into the show ... to get a taste of the payoffs, and push the protocol further. Entertainment .... but also very smart.

 

Every state in the US will start buying BTC as soon as the relevant executive order is signed; at their maximum weighting. With the elephants stomping around, it's not place for newbies.

 

SD

LOL, meanwhile the CCP thinks about how to develop semiconductor and robots while trump pushes trumpster hawk tuah coin and melania coin, maybe there is hope for china afterall xD

Edited Monday at 02:29 PM by Luke

[Luke]

18 hours ago, rkbabang said:

He should sell his $TRUMP now while he can.

Ahahahha holy fuck cant believe its real.

[SharperDingaan]

25 minutes ago, Luke said:

LOL, meanwhile the CCP thinks about how to develop semiconductor and robots while trump pushes trumpster hawk tuah coin and melania coin, maybe there is hope for china afterall xD

 

Granted it's funny as hell, but step back a bit .... it's hard to imagine that Musk's hands aren't all over this, and that friends aren't intentionally pushing BTC higher. Most would be cautious if they thought a Goldman Sachs was on the other side of their trade, and the same should apply here.

 

Enjoy the ride, but keep a sharp eye on the number of digits you have 

 

SD 

[james22]

[jfan]

 

The Howey 4-part Test - Is it a security? (1946)

1) Is it an investment of money or assets?

2) Is the investment in a common enterprise?

3) Is there reasonable expectation of profit?

4) Is it reliant on the efforts of a promoter or others?

 

 

I tend to agree that these tokens are more securities than "utility" tokens. 

1) Joe public exchanges money for these tokens to get access to private Manhattan dining experience

2) There is a single enterprise involved - this is a bit grey, the more desirable the dining experience, the greater the restaurant's profit which suggests a scarcity in the supply for memberships, to which the token owner can lease out their membership to another for rent. 

3) The ability to buy and sell tokens in a market place for the expectation for profit (assuming the demand for membership > supply of membership) or profit from leasing the token to another

4) It is reliant on the management team to create a desirable dinner (therefore profitable) experience.

 

I'm pretty sure that FlyingFish probably took in the ICO proceeds and booked it as deferred revenues to avoid taxes (as in the case of booking these proceeds as current revenues) and avoid securities registration (ie booking the proceeds as equity). 

 

If there were a number of disparate restaurants with different owners participating in a network that issued tokens that people can use to buy-sell for a unique experience that restaurants could accept as payment, perhaps this system is more utility like than security. 

 

Below is the SEC settlement

 

Edited Tuesday at 11:55 PM by jfan

[james22]

 

[Dave86ch]

"Monkeys" burned themselves with fire; we still use it to power ourselves and to harm each other.

 

These are tools—you can judge how they are used but cannot avoid their adoption.

 

 

[Buckeye]

11 hours ago, james22 said:

 

If we own crypto, are we the Indian in your story or are we the friend who is being killed? 

[james22]

1 hour ago, Buckeye said:

If we own crypto, are we the Indian in your story or are we the friend who is being killed? 

 

Only Bitcoiners make it to the Promised Land.

[james22]

 

[Fly]

1 hour ago, james22 said:

 

 

Shitcoin capital of the world

 

 

[Paarslaars]

1 hour ago, Fly said:

 

Shitcoin capital of the world

 

 

Haha Greg one upping us with his private investment

 

In other news it seems the SBR is still on the table:

 

 

Edited Thursday at 08:52 PM by Paarslaars

[james22]

 

[james22]

1 hour ago, Fly said:

 

Shitcoin capital of the world

 

 

 

The Executive Order prohibits agencies from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs).

[james22]

Full text:

 

https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/

[james22]

Sec. 3.  Revocation of Executive Order 14067

 

(Biden’s EO that authorized the US to explore a CBDC and authorized a whole-of-government crackdown on crypto.)

[Buckeye]

44 minutes ago, james22 said:

Sec. 3.  Revocation of Executive Order 14067

 

(Biden’s EO that authorized the US to explore a CBDC and authorized a whole-of-government crackdown on crypto.)

This Executive Order alone should take us to $200k per Bitcoin! Everyone knows that once an Executive Order has been made, it is irreversible!  

Edited Thursday at 09:56 PM by Buckeye

[james22]

2 minutes ago, Buckeye said:

This Executive Order alone should take us to $200k per Bitcoin! Everyone knows that once an Executive Order has been made, it is irreversible!  

 

I'll bet you BTC hits $200k before the EO is reversed.

 

Up for it?

[james22]

 

[james22]

Two days ago:

 

 

[james22]

On 11/13/2024 at 11:14 AM, james22 said:

Bitcoin regulation (allowing bank holding), US strategic asset reserve, nation-state adoption (game theory)

 

On 11/13/2024 at 11:58 AM, changegonnacome said:

Yeah these are increasingly outlandish with ever higher hurdles IMO....but totally understand.......BTC keeps confounding expectations.......like a growth stock with higher and higher multiples....what begins to be required for it move higher over time are increasingly ever more implausible scenarios.......

 

Outlandish? Implausible?

 

One down, the second officially under consideration (and coming), and the third set in motion (by the second).

[Spekulatius]

2 hours ago, Buckeye said:

This Executive Order alone should take us to $200k per Bitcoin! Everyone knows that once an Executive Order has been made, it is irreversible!  

If they are smart they developed a digital blockchain based USD or treasuries with functionally like the ability taxes, earn interest. Why hop on Bitcoin train if you can issue your own?

If they put it on the blockchain, so it becomes untraceable (or all sort, similar to Bitcoin) than I think a lot of countries or individual want to own it.

There a risk of money laundering etc, but if you have that with Bitcoin as well so might as well do this as a blockchain based  digital USD which strengthens the status of the USD as reserve currently.

[Buckeye]

2 hours ago, james22 said:

 

I'll bet you BTC hits $200k before the EO is reversed.

 

Up for it?

Thanks, but no thanks! That is a bet I’m sure you would/will win! 

[Dave86ch]

11 hours ago, james22 said:

 

 

Outlandish? Implausible?

 

One down, the second officially under consideration (and coming), and the third set in motion (by the second).

 

Most underperformance in human beings stems from our bias toward consensus-based decisions.

 

 

Edited Friday at 11:39 AM by Dave86ch

[Sweet]

16 hours ago, james22 said:

 

It’s kind of funny how Bitcoin, the tool used to exchange money without a bank, is now being cheered because banks can take it.  The community is eating its own thesis.