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RG: Meaning just individuals transferring NFTs again and forth between accounts. So wash buying and selling is just: You’re simply selling it again and forth to accounts that you just control, making it appear to be there’s a real market, but there isn’t one. Pokemon playing cards, you may create a blockchain for Pokemon cards, and people can trade them back and forth. RG: What's it about crypto that makes it - it's the blockchain that makes it so bizarrely power intensive? It’s on a blockchain. Typically it’s gauche; sometimes it’s attention-grabbing. And in, in his book, Jacob writes: The thing that makes cash cash is belief. If you'd let regular folks simply set up accounts on the Fed and the Fed would additionally then have a lot more management over cash supply, because they may monkey around a bit bit with individual rates that they either charged on credit score or, or gave to financial savings accounts. https://cafeklub.eu/casino-legal-countries Just have the SEC regulate these crypto-securities, after which have the Fed create a digital currency for anybody who really wants an precise digital foreign money, which I can see quite a bit of advantages to, except for that.
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We see crypto actually cozying as much as the CFTC. But you’re shopping for this thing, which is form of like a link to a URL. I feel the SEC has already type of hinted that that’s going to be coming. The SEC has all the time had bother being taken seriously. BM: The SEC. The SEC is answerable for Ponzi schemes. And our Ponzi schemes. BM: Exactly. So what government agency is in control of regulating Ponzi schemes? Like, normally, I sort of assume that it’d be nice if folks have some approach of getting round authorities surveillance to a point. And the federal government is saying: in exchange for following the regulations, we’re your backstop. Like that’s all of the securities listed on NASDAQ and New York Stock Exchange mixed.
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