Schu Posted September 20, 2022 Share Posted September 20, 2022 Well... the proposed digital asset regulations are out, and it's not all bad news. https://www.whitehouse.gov/briefing-room/statements-releases/2022/09/16/fact-sheet-white-house-releases-first-ever-comprehensive-framework-for-responsible-development-of-digital-assets/ Quote Link to comment Share on other sites More sharing options...
RealMarkDeneen Posted September 20, 2022 Share Posted September 20, 2022 https://web3isgoinggreat.com/ Quote Link to comment Share on other sites More sharing options...
Invidiosulus Posted September 20, 2022 Share Posted September 20, 2022 Protecting is a euphemism for being able to control and tax, right? 1 Quote Link to comment Share on other sites More sharing options...
RealMarkDeneen Posted September 20, 2022 Share Posted September 20, 2022 "Step right in!" said the spider to the fly. I can see the obvious reason for the EO - the government's interest is tracking, and nothing makes tracking easier than digitization. I'm having trouble seeing the benefit to Tom, DIck and Mary though. After 35 years the Internet is still a sieve with holes that any teenage hacker can exploit. Ransomware is still rampant, and cell phones....fagettaboutit. So, sure, let's introduce "digital assets" and have Grandma and Grandad invest their retirement assets in digital Ape GIFs. What could go wrong? Quote Link to comment Share on other sites More sharing options...
RealMarkDeneen Posted September 20, 2022 Share Posted September 20, 2022 3 minutes ago, Invidiosulus said: Protecting is a euphemism for being able to control and tax, right? Now yer talkin' 1 Quote Link to comment Share on other sites More sharing options...
RealMarkDeneen Posted September 20, 2022 Share Posted September 20, 2022 The history of credit cards might be instructive here. 1940s -Diner's Club charge card is all the rage. Charge meals, pay the full bill when it arrives. Convenience for wealthy people. 1960s- "BankAmericaCard" launched. It provides "credit" at about 5% interest to all comers. 1970s - SCOTUS declares state usury laws are unconstitutional, and credit card companies move to South Dakota where there was no usury law. 1980s- SCOTUS declares that Credit Card customers NOT in South Dakota are subject to the same terms banks set IN South Dakota. 1980s-Interest rates begin to rise dramatically above prime rates, mortage rates, car loan rates, etc 1990s-SCOTUS rules there are no limits to what banks can charge in late fees or jacked up interest rates (Door swung wide open for predation) 2020s - Credit card debt reaches $5,500 per card at an average of 16.5% and millions will never, ever be out from under it. Incrementalism -- at it's best! "Step right in!" said the spider to the fly. 1 1 Quote Link to comment Share on other sites More sharing options...
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