|
Title: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: Come-from-Beyond on July 09, 2013, 06:28:15 AM I believe the state will do its best to disallow the twins to launch their trust. What is your opinion?
Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: QuestionAuthority on July 09, 2013, 04:54:47 PM From talking to DnT and others, EFTs are difficult to get approved even with an inside track so getting it to market will probably not happen.
Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: greyhawk on July 09, 2013, 04:58:23 PM From what I'm seeing they're doing the best sabotaging themselves already.
Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: QuestionAuthority on July 09, 2013, 05:05:38 PM From what I'm seeing they're doing the best sabotaging themselves already. Explain? Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: greyhawk on July 09, 2013, 05:14:14 PM From what I'm seeing they're doing the best sabotaging themselves already. Explain? No specific reason. Just an overall feeling. On the other hand seeing their stupid faces makes me want to punch things so I may be prejudiced slightly. Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: QuestionAuthority on July 09, 2013, 05:31:38 PM From what I'm seeing they're doing the best sabotaging themselves already. Explain? No specific reason. Just an overall feeling. On the other hand seeing their stupid faces makes me want to punch things so I may be prejudiced slightly. LOL - y u no like the Aryan Brotherhood? Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: n8rwJeTt8TrrLKPa55eU on July 09, 2013, 06:01:08 PM If the Winklevoss ETF doesn't come out int the USA, a different one will come out somewhere else eventually. It's inevitable.
There is at least one European-listed ETF effort I'm aware of, which already has a few million USD in the kitty and was looking for additional investors at the London event. If the USA wishes to keep shooting itself in the foot via excessive regulation of the Bitcoin space, so be it. The rest of the world will take up the slack. Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: Cudahuda on July 09, 2013, 06:18:32 PM I don't see why the state would have any motive to sabotage an investment with very transparent tracking of capital gains.
Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: Come-from-Beyond on July 09, 2013, 09:42:04 PM I don't see why the state would have any motive to sabotage an investment with very transparent tracking of capital gains. To suppress world-wide adoption. Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: benjamindees on July 09, 2013, 11:50:49 PM Why would the state sabotage a Bitcoin ETF? It gives them exactly what they want, a plausibly-deniable way to manipulate the Bitcoin market.
Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: solex on July 10, 2013, 02:58:03 AM If the Winklevoss ETF doesn't come out int the USA, a different one will come out somewhere else eventually. It's inevitable. There is at least one European-listed ETF effort I'm aware of, which already has a few million USD in the kitty and was looking for additional investors at the London event. If the USA wishes to keep shooting itself in the foot via excessive regulation of the Bitcoin space, so be it. The rest of the world will take up the slack. Yes. London will list any ETF for a global product, which US rejects, as fast as a kid grabbing chocolate. Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: NewLiberty on July 10, 2013, 03:19:20 AM If the Winklevoss ETF doesn't come out int the USA, a different one will come out somewhere else eventually. It's inevitable. There is at least one European-listed ETF effort I'm aware of, which already has a few million USD in the kitty and was looking for additional investors at the London event. If the USA wishes to keep shooting itself in the foot via excessive regulation of the Bitcoin space, so be it. The rest of the world will take up the slack. There is already a Bitcoin ETF, from Exante in Malta. The US government has no reason to try to stop the twins. In fact, it provides the US government more avenues of leverage to do what they will, as well as an additional tax base. There is only win for the US gov, no lose here. Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: NewLiberty on July 10, 2013, 03:19:55 AM Why would the state sabotage a Bitcoin ETF? It gives them exactly what they want, a plausibly-deniable way to manipulate the Bitcoin market. :)Yes. Though apparently even some highly credentialed folks fail to understand this: https://bitcointalk.org/index.php?topic=252330.msg2707094#msg2707094 Title: Re: Will the state find a way to sabotage Winklevoss Bitcoin Trust? Post by: xfob on July 15, 2013, 06:50:40 PM Why would the state sabotage a Bitcoin ETF? It gives them exactly what they want, a plausibly-deniable way to manipulate the Bitcoin market. Yeah, it gives them taxes and watchful eye into the actions of the investors. |