$5300

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Until the law is passed companies will use third parties for their holdings. Why in the hell would fidelity publicly announce they will be a holding company for digital assets. Not because they are stupid.

I'm buying in tomorrow once my funds from selling stock settles in my bank account.

Just be prepared for it to crash once I buy in. Sorry, lads

Dont be so pissy. Hillary would have brought this entire world into a nuclear winter while she sits in her bunker.

This is an interesting. Give us an extended quick rundown

For American companies to be in legal standard they need to work with third party organizations that are insured. This is because in America you need a license to transfer money from state to state. That is a separate fee paid for each state. You can imagine the years it takes and millions to accomplish a company like moneygram or whatever.

Once the law is passed that makes money transfers via digital currencies exempt if they are deemed to actually be a currency like bitcoin. If a currency is not considered to be as such and falls under being a security then the company has I think 90 days to register for a review with the CFTC.

So you expect btc to be ruled a security afterwards

To add- this means IBM can for example use Stellar as a B2B currency as well as whatever the hell stellar is developing. Smart contracts maybe? I dunno I haven't bought any but IBM isn't retarded either. They also dont disclose their stellar holdings. Probably locked in escrow or contract agreements for after they pass said law.

Oh nvm read it wrong

No. BTC is a currency.
A security can for example be a small project like Substratum. Mainly because they have no major partnerships from a real corporation that would deem them a currency.

I'm not saying being labeled a security is bad. This just means extra paperwork.

Anyway I guess to end the rant. The charts are nice but people are forgetting that volume is all retail and not institutions. Yea Paraguay traded oil for bitcoin or maybe Uruguay. I get them confused but nonetheless it's just a test trail. All countries follow America. When real volume comes bitcoin will be 1mm a piece. No not overnight. That's not how volume ramp up works in corporations. Probably something like 10% volume increase a month probably more since projects need to be completed and whatnot in a year.

Thanks for the explanation senpai

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naive

Thanks buddy. You're aware that IBM (and others) have recently asked the cftc to officially endorse dlt tech in a general sense? They're currently reviewing the request.

Np. At least someone listens. Usually I get the ya ya but moon tomorrow talk. Either way I'll probably say 1mm by 2020 if not after the US election.

World derivative debt is like 1,000 trillion 50 of which is all in Deutsche bank. All unfunded. Get you magic internet money while you can. Not like JP Morgan is going to come out and say hey. Ya we rigged silver for years but buy bitcoin because were broke since our contracts say 100 people own the same 1 ounce in our vaults.

I did not know. This is good news.
The law process is slow. If you take into account how corrupt America has become. I'd like to say I hope things get sorted out but you know what?!

Not your keys
Not your coin
Not your coin
Well your fucked sorry

youtu.be/NK8gkWD2eT4
:)

Thx
Wow long video. I put it on now to listen.
Once the laws pass I expect the total supply of many coins to drop. Mainly because companies will become both money transmitting services along with liquidity providers. Off chain settlement with on chain verification. XRP basically did that only Ripple is a bit different from the rest.

Skip ahead to the dlt section at approx 4h14m, which is the last one. there are sections on other topics

Thx
Skipped. Ended up at 4:30 will listen from here.

Lol already mentioned derivatives. That's right asshat. Got to settle your unfunded obligations.

~3:48 mention clearing house what did I say was biggest one...DTCC

American post-trade financial services company providing clearing and settlement services to the financial markets. Wikipedia
Headquarters: New York City, NY
Owner: banks, brokers
Subsidiaries: Depository Trust Company, Fixed Income Clearing Corporation, DTCC ITP LLC, More

bump of justice

not a chance, invest your neetbux into something real for a change

Ty