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/biz/ - Business & Finance

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24549011 No.24549011 [Reply] [Original]

>Brian Brooks, Acting Comptroller of the Currency in the US—and former chief legal officer at Coinbase—somewhat debunked recent rumors about the Treasury’s plans to introduce some new undisclosed crypto regulations.
>“We're very focused on getting this right. We are very focused on not killing this, and it is equally important that we develop the networks behind Bitcoin and other cryptos as it is we prevent money laundering and terrorism financing,” Brooks told CNBC.
>"So believe me, there's gonna be very positive messages coming out. At the same time, it's a dangerous world out there, we have to be honest about that. But nobody's gonna ban Bitcoin, nobody's gonna ban some of these transmission technologies,"

Its amazing to me no one seems to realize these ERC-20 tokens are about to go to zero along with all the privacy shit. We're talking mass de-listing once the regs are released. They're going to cut Brian Armstrong's business model into pieces for being a cheeky cunt on twitter last week.

Don't go to sleep tonight without divesting of every ERC-20 token you own. You are not going to want to be on the other side of what is coming. Don't be reassured by the P.R. guy gilding the lily, dropping hints like (only) "'some' of these transmission technologies". They are going to fuck everything up for ETH like you wouldn't believe. Anything with a smart contract minting tokens- ICO's, the rest, forget about it. These people do NOT give a shit about you and your shit coins.

>> No.24549073

>XMR has a gun to its head
>it’s going to pump fucking iron as a result
It’s surreal sometimes

>> No.24549202

>>24549011
checked.
bitcoin will survive because its critical to worldwide replacement to bretton woods. there needs to be impartial non-political entity to rebase onto.
smart contracts offer to much threat with not enough gain to power structure thus wont be tolerated.
however btc as a pure sov offers so much and offers no threats. they are desperate to reset and need a saleable way to achieve that.

>> No.24549220

>>24549202
>A2SSWOW id
kek

>> No.24549233

>>24549011
Based Brian shaking out the weak hands with his frantic tweets. Still voting Trump.

>> No.24549312

So many poorfolios are going to get fucked

>> No.24549420

Doesn't some of the US spook agencies have millions or billions worth of coin in USD? I know China just recently took a bunch of some from their 'criminals'.

>> No.24549476

>>24549420
yes china just took lots of PlusToken scammer coins like 5 weeks after US seized 80k or so bitcoins
each side is getting their stacks which will then appear on respective central banks balance sheets

>> No.24549532

>>24549202
>there needs to be impartial non-political entity to rebase onto.
Except 60% of the BTC hashrate is controlled by 4 miners in china.

Xrp/xlm on the other hand...

>> No.24549585

>>24549420
Yeah, they all do. I would bet most of the world's governments crypto holdings are, to varying degrees, purely from such confiscations. For example, I think Bulgaria has $4B in bitcoin. The US used to auction off confiscated bitcoin, I doubt that happens anymore. China is apparently keeping all the Plustoken coins.

>> No.24549587

>>24549532
>Xrp/xlm on the other hand...
no one cares dude. you got scammed, deal with it.

>> No.24549599

>>24549532
What about ETH mining, any word on who's controlling the majority of that as of now? I agree the US would want to avoid the BTC due to china now controlling BTC mining. Do you think xrp/xlm is really developed enough to be taken over by US financial systems/have the support of US banking systems? Why not ETH or LINK?

>> No.24549622
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24549622

>>24549532
>Xrp/xlm on the other hand

... going to less than zero like a guitar hero coming soon to a theater near you

>> No.24549626

>>24549599
>Why not ETH or LINK?
eth is pos. try to keep up jamal

>> No.24549627
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24549627

>>24549011
Calm down, everything is going to be ok. Even if the usa banned it there are 231 other countries out there. Think from a World perspective step outside of your bubble, 93% of the worlds population is outside of the usa.

>> No.24549628

Monero gets pretty much its entire liquidity from CEXs. But Decred made their own DEX with 0 fees and it has enough volume to not give a shit about being delisted. Also they're working on implementing atomic swaps for eth so even eth can be turned into DCR as a private bridge for converting to BTC. Short BNB, Long DCR

>> No.24549642

>>24549220
Nice A2SS

>> No.24549754

>>24549626
Fair, I only started learning about crypto and blockchain about a month ago. It just seems that there is more financial backing behind ETH/LINK already so I doubt XRP/XLM will be the next big thing. It seems with the reset business that these crypto systems need to be set up and support NOW and not by a bunch of schizo posters talking about numerology.
>inb4 but they love symbolism

>> No.24549797

>>24549628
i cant believe XMR still has this incredibly weak point of failure in 2020, they need to get their atomic swaps right and soon

>> No.24549805

>>24549754
your instincts are right about not trusting xrp/xlm. ripple is a joke. unfortunately lots of mentally ill people fall for it and spam boards constantly with their quasi-qanon shit (ie. ripple is going to take over the world and be worth 60T per coin just because...)

>> No.24549810

>>24549754
I'm a newfag to coinmemes entirely but I dont see why you think the numerology shitposting is a big deal for the meme coin. From what I can tell the big value to XRP is its speed of transaction. Speed is money.

>> No.24549834

>>24549011

BTC is a ponzi scheme and can never be used as money because the blocks are small

>> No.24549857

>>24549797
Kek, LTC might get it before XMR.

>> No.24549916

>>24549834
imagine being so poor and so priced out that this becomes your cope. sad really

>> No.24549917

>>24549805
What this anon said though.
>>24549810
The transaction speed is the only thing I can see as value. I do think there is value to the XRP network or such due to its speed from what I've read. However I don't foresee XRP itself being the next largely supported coin due to others having much larger financial backing.

>> No.24549929
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24549929

>>24549011
>These people do NOT give a shit about you and your shit coins.
I do NOT give a shit

>> No.24549951

All the privacy shit has been banned in burgerland for a while
Its literarily priced in