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What happens if the SEC shuts down Tether stablecoin?

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    • TrueTomHarley
      What do Jehovah's Witnesses think of Bitcoin?

      By TrueTomHarley · Posted

      I dunno. The trick would be to persuade them they really are assets and not just the next UN NGO bright idea.
    • Pudgy
      What do Jehovah's Witnesses think of Bitcoin?

      By Pudgy · Posted

      Of course, Bitcoin is about believing in an irrational fantasy … much like Santa Clause controlling the global economy in the month of December. Or the true value of U.S. Currency, with a 33 TRILLION DOLLAR NATIONAL DEBT!! Let's start from the beginning to calculate the length of a string of one hundred dollar bills that would equal 33 trillion dollars. First, let's find out how many one hundred dollar bills are in 33 trillion dollars: 33 trillion dollars = 33,000,000,000,000 dollars Number of one hundred dollar bills = 33,000,000,000,000 / 100 = 330,000,000,000, or 3.3 x 10^11 one hundred dollar bills. Now, let's calculate the length of a single one hundred dollar bill. The dimensions of a U.S. one hundred dollar bill are approximately 2.61 inches in width and 6.14 inches in length. To convert the length to miles, we'll divide by 63,360 (since there are 63,360 inches in a mile): Length of a single one hundred dollar bill = 6.14 inches / 63,360 ≈ 0.0000966 miles. Now, let's find the total length of the string of one hundred dollar bills: Total length = (3.3 x 10^11 one hundred dollar bills) x (0.0000966 miles per bill) Total length ≈ 31,878,000 miles. So, a string of one hundred dollar bills that would equal 33 trillion dollars is approximately 31,878,000 miles long. The result of the division 31,878,000 miles, divided by 240,000 miles, is 132.825. 240,000 miles is the approximate distance from the Earth to the Moon. So, the USA National Debt is a line of One Hundred Dollar Bills stretching 132 times PAST the distance from the Earth to the Moon !!!!! …  swoon “thunk”. …. Pudgycoin looking better to you now?
    • Pudgy
      What do Jehovah's Witnesses think of Bitcoin?

      By Pudgy · Posted

      Especially in this age when more and more people are shopping on line, there will always be a high demand for card board boxes. That’s why my digital currency of choice is Pudgycoin …. the only digital currency based on corrugated cardboard. AND it comes in a convenient ten pound box, for easy identification. So trusted that there are no financial records to see, and one Pudgycoin is ALWAYS worth what we imagine it to be. Available at the Empire Hancock Building Penthouse Offices, where six diving boards means there is never any wait, and selected Veterinarians, and Pet Supply Stores, in some towns. Remember “Pudgycoin!, … If Things Get Really Bad, You Can Eat Them!”.
    • The Librarian
      What do Jehovah's Witnesses think of Bitcoin?

      By The Librarian · Posted

      Someone responded to me today with this quote re: Bitcoin... made me smile. 😉 I actually wouldn't be surprised if Bethel is starting to allocate some holdings in Bitcoin as a way of preserving their assets against local governments around the world after Russia essentially just stole the Branch office. Multisig wallets across continents with many wallet addresses and hidden directors from various countries would make sense. Lawyers would have a very hard time tracking assets they don't even know exist under corporate structures and trusts they also don't know exist. 
    • Mic Drop
      Nomura, the largest investment bank in Japan, has announced a new Bitcoin fund for institutions

      By Mic Drop · Posted

      The new fund will provide direct exposure to Bitcoin The fund will be managed by Nomura’s digital asset and blockchain venture arm Laser Capital Bringing more institutional capital into Bitcoin is one of the most important new catalysts on the horizon for future price appreciation and widespread adoption of Bitcoin as its own asset class If Japan follows a similar trend to the United States then this new Bitcoin fund will likely set off a domino effect of other investment banks and asset managers wanting to launch their own Japan has recently been changing their attitude towards crypto and even announced a new proposal for certain types of businesses to be able to issue crypto assets instead of equity when raising capital https://www.thenew.money/article/japans-biggest-bank-is-coming-for-crypto

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