51–60 of 68 posts
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That sounds like a strategy that's going to work really well until it doesn't. Perhaps I'm wrong. Good luck!
What do you think could make this "not work"?
If you think this is very unlikely to happen, it's worth remembering that this has happened with gold in the past, in the US.
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If you don't trust your own government, but the US government and financial institutions, couldn't you just open a US brokerage account? And conversely, if the US government doesn't want you as a shareholder (and by extension US financial institutions can't serve you), good luck to anyone trying to (knowingly or negligently) redeem any VOO that you've touched.
Governments are more practiced at blocking money from moving around with traditional services like banks with crypto they have a tougher time locking down the avenues because anyone offering $LOCAL_CURRENCY to crypto is a place money can leak out of the country around traditional money controls. There's a reason real estate is one of the more popular ways for chinese nationals to move large amounts of money abroad, i…
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What do you think could make this "not work"?
Regulations prohibiting possession or trade, for example. If you think this is very unlikely to happen, it's worth remembering that this has happened with gold in the past, in the US.
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Regulations prohibiting possession or trade, for example. If you think this is very unlikely to happen, it's worth remembering that this has happened with gold in the past, in the US.
We've already seen what happens when there are legal hurdles, activities move to other countries, or people find legal loopholes. This has already happened a few times, and bitcoin is doing just fine.
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Governments are more practiced at blocking money from moving around with traditional services like banks with crypto they have a tougher time locking down the avenues because anyone offering $LOCAL_CURRENCY to crypto is a place money can leak out of the country around traditional money controls. There's a reason real estate is one of the more popular ways for chinese nationals to move large amounts of money abroad, i…
Yes, it'll definitely take them some time to catch up, and currently the pendulum is swinging in the other direction, but as soon as a critical mass of retail investors get burned, I predict that they'll quickly figure it out.
Someone explain to me like I’m 5 how tokenization makes it possible to trade private companies. Wouldn’t that mean that the owners of those private companies are somehow issuing tokens related to their ownership? Or is this yet another magical crypto thing where we collectively agree/imagine that tokens are somehow pegged to private companies, without any direct ownership to said companies?
Matt Levine has a good rundown here: https://www.bloomberg.com/opinion/newsletters/2025-06-26/any...
I assume customers will by buying into this stuff with stablecoins, which have the amusing property of being nonvolatile until the day their value plunges to zero over the course of a few minutes.
Have you looked at DEI / MakerDAO? They appear to be quite stable. But they are over collateralized as a stable coin should be . Also the dollar backed ones would only fail if the foundations behind them fail (Eg. USDC)
https://www.cnbc.com/2023/03/11/stablecoin-usdc-breaks-dolla...
When this whole thing crashes to the ground it will the digital equivalent of tulip bulbs of Netherlands.
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We've already seen what happens when there are legal hurdles, activities move to other countries, or people find legal loopholes. This has already happened a few times, and bitcoin is doing just fine.
Sure, but does that matter if you have to sell to the government, possibly at a rate lower than what you bought it for?
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Have you looked at DEI / MakerDAO? They appear to be quite stable. But they are over collateralized as a stable coin should be . Also the dollar backed ones would only fail if the foundations behind them fail (Eg. USDC)
The interesting thing here is that it was TradFi screwing things up for Crypto... https://www.cnbc.com/2023/03/11/stablecoin-usdc-breaks-dolla...
(Whether the risk is prices correctly can be discussed)