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re: Official CryptoTalk Thread

Posted on 8/6/21 at 11:35 am to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 8/6/21 at 11:35 am to
Decentralized DeFI won't be ended. It would paint a pathway to end the KYC DeFi services
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 8/6/21 at 11:54 am to
Oh yea that I can agree, but I don’t see why. KYC allows them new tax revenue.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 8/6/21 at 12:04 pm to
From my understanding, the language of the bill requires the company to collect/report things that are not actually possible to collect. And so they would not be able to continue to operate under the law.
This post was edited on 8/6/21 at 12:04 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 8/6/21 at 12:32 pm to
they will go after exchanges and say you're not allowed to list these tokens/coins

if the exchanges don't comply the owners are arrested/fined

it's actually pretty easy to control and it seems like this is what they're attempting to do

with that said, ideally they just follow Cruz and scrap the whole thing until it's better understood
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 8/6/21 at 12:41 pm to
gold getting rekt once again
Bitcoin up once again

lesson there for all lurkers
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 8/6/21 at 12:50 pm to
I fricking love this asset class and this community

Resilient to the end

quote:

it's actually pretty easy to control and it seems like this is what they're attempting to do


There will always be a way to get the tokens you want. Probably just won’t happen on the centralized and regulated exchanges.
This post was edited on 8/6/21 at 3:35 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 8/6/21 at 12:51 pm to
only bad thing is it never feels like I have enough
Posted by TigerDeBaiter
Member since Dec 2010
10681 posts
Posted on 8/6/21 at 1:01 pm to
What a follow through! Whoop
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 8/6/21 at 3:33 pm to
O/U October 1 for new all time highs?

ETA: I'm saying under.
This post was edited on 8/6/21 at 3:34 pm
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
44082 posts
Posted on 8/6/21 at 3:43 pm to
quote:

adding BITQ into my Roth perhaps



That's what I did.

BITQ ETF
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 8/6/21 at 3:56 pm to
interesting thread about why they seem to be choosing Pow over PoS..

LINK
Posted by CE Tiger
Metairie
Member since Jan 2008
41888 posts
Posted on 8/6/21 at 3:58 pm to
Sergey + Special Guest part 2 coming in 8 minutes
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 8/6/21 at 3:58 pm to
I only question its credibility because I doubt the forethought of the government
Posted by go ta hell ole miss
Member since Jan 2007
14584 posts
Posted on 8/6/21 at 4:11 pm to
Ethereum breaking out above $2840 is nice to see. Alchemy Pay broke from .03 up to .24 in a day before settling in at .12-.15 in the last few hours. It has had an impressive run. Seems like crypto is setting up nicely after a solid acquisition period from May through the end of July.
This post was edited on 8/6/21 at 4:12 pm
Posted by BottomlandBrew
Member since Aug 2010
29388 posts
Posted on 8/6/21 at 4:31 pm to
I wonder if the version of the law with the PoW amendment in it passes, if that changes Ethereum's roadmap. I have more in ETH than BTC, but the passage of the PoW version of the bill would definitely make me quickly reconsider where my money is sitting. I can't be the only one.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 8/6/21 at 4:33 pm to
Shorts are getting murdered while eth drives the market.

LINK

Eth has had a very hard time getting back and holding to the 0.09ish ratio it loved to sit at with btc in 2018. Coming back up on it shortly..pun not intended.
This post was edited on 8/6/21 at 4:33 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 8/6/21 at 4:40 pm to
it's pretty interesting times

and brooks resigning today from binance us is peculiar, I don't even think he was there a year

maybe I'm reading too much into it but looks to me that binance us might be forced to leave the states
Posted by I Love Bama
Alabama
Member since Nov 2007
38431 posts
Posted on 8/6/21 at 4:41 pm to
My goal has always been to own 10 Bitcoin and I am still not really close.

However, I stumbled upon this website that shows how many addresses hold what. It is very interesting.

It does not take many bitcoin to be in the top 5%

LINK
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 8/6/21 at 4:45 pm to
The next crash will be brought about by regulation.

DeFi will get cut down at the knees to prevent mass adoption. Latest meme is regulating PoS coins.

I may have to re-evaluate my off-season strategies. I was going to go very light on BTC but it’s looking like the safe bet is the OG.
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13422 posts
Posted on 8/6/21 at 5:16 pm to
DeFi and staking will flourish with or without the United States. The ban will just delay the inevitable. If the US wants to shoot themselves in the head, be my guest. Agree that government is almost a guarantee to be what sends us into the next crypto winter
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