ANY aspiration of Regulatory friendliness to BSV in the USA…
ANY aspiration of Regulatory friendliness to BSV in the USA is O V E R
BSV will only be treated as a systemic threat from here.
Jan '21 was the last chance to move a large chunk of early Satoshi coin to halt the institutional pro-BTC train.
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If people aspire BSV to be institutionally accepted outside the USA, fine.
If people aspire BSV to be some rogue thing in the USA, fine.
Businesses building on BSV need to know the lay of this land, whether the Bitcoin Association admits irrelevant
The only thing an institution can do is delist it, in which case customers can take their business elsewhere.
I don't see regulations favoring any particular crypto.
Bitcoin Association seems to think it was an advantage for BSV.
Do you tell the same to them?
Is there any regulatory-affirmed business in the USA today that will exchange USD with BSV for a New York resident?
I don't think "take their business elsewhere" applies for all US residents.
Meanwhile, New York residents can swap USD for others cryptos
No. You need a VPN.
yep, at the same time Coinbase and Gemini are fully licensed in NY, making assets listed on those easily accessible for customers.
Agreed. I live in NY, and yes, I had to jump through hoops to buy BSV and get here, to twetch. I look at it as a positive aspect of BSV to be banned in NY. The hoop jumping to get here, was worth it. Eventually BSV will be fully adopted, it is inevitable.
Bittrex.
No
https://bittrex.zendesk.com/hc/en-us/articles/360026708551-Bittrex-Statement-on-the-New-York-Department-of-Financial-Services-NYDFS-Decision-
Moneybutton lets you buy BSV on their site too with cc
I realize residents from just about anywhere can acquire BSV from various swap means that are essentially non-compliant.
I am discussing direct licensed exchange between USD and BSV for the State of New York for residents
Ah didnt know that ny is such a special juristication.
Why think Jan'21 was last chance?
Why not better AFTER institutional money jumps in?
The more attention on BTC when/if Satoshi coins move by CSW / Copyright affirmed / Court proof as Satoshi ..means more eyes jump to BSV as real BitCoin (which it is).
Simple - This is the USA system
AlQaeda
Housing Bubble burst
Any threat
All hands on deck - NOBODY is allowed to f#ck with the apple cart
DC-NYC-SF/Seattle
Bi-partisan Politics-Finance-Tech
Do you want the USA to ban BSV in the USA to the same level they banned AlQaeda in the USA?
They can do it if the systemic threat is manufactured. No power center in the USA is going to give a crap about CSW my-keys-r-not-my-id Lawr proof.
Meh. I think bsv also provides superpowers to a totalitarian government. Not convinced they’ll ban it yet.
If everything were on BSV... there would be little hacking, full control over anything Of Interest Enough to justify the processing power to track it, and add in Fiat tokens with control to do or lock whatever... I think Gov't likes BitCoin global ledger.
With their money and their authority, I don't think they care much
I think they will roll out an IMF CBDC eventually, and replace tether with it
Every time they want a BTC pump, they are in control of the quantity of digitization used for BTC buying
I agree USDT is likely to die from either it's own fraud or CBDC coming and not allowing imitators. But the system as a whole, BitCoin protocol, locks things down in a KYC world heavily, and that is attactive.
I think it’s more likely institutions use this pump to dump on everyone. Then people hate bitcoin and governments got mad inflation and buy into whatever their solution is. Why go to war with bsv anyways. Btc is in its own class. A store of value :)
Cal could have been correct about the Tether issue but wrong about the plan of how they would handle it, which can explain how slow they are in responding. Maybe it because they want to leave it in place until a CBDC is ready for the switcharoo.
If everything dumps soon or in few months, my thread here won't look good, lol.
I am thinking the stock market will be left to drift all year and institutions will use a BTC rise all 2021 to get their returns. This is close to what Novogratz said.
Pump and dump massive final play for USDT and BTC holders is likely. Also there is some chance the US FedRes/Gov LIKE that"Crypto" market is mostly USD dominated even if by USDT and could, if smart, even fold USDT into the system to keep that industry USD
I invest in what I believe in. If there’s something I believe in stronger; I’ll invest in that.
I'm the same way as well.
Overall I was speaking to the BSV leadership "strategy", leading to the question whether institutions have committed to embrace BTC or are they just trying to trade it.
I believe its the former, which should have fed strategy