/biz/ - Business & Finance

IOTA shills are crawling out of the discord.
Top kek m8s
>what does IOTA do?
>mfw

>>9654078

So I don't think you're entirely right by saying that no one knows what is going on. Market makers in traditional finance know what is going on. They can swallow the market cap of cryptocurrency at will. The issue is deep liquidity right now. Any movement creates too large of a splash. People who were made in crypto cannot diversify their wealth unless by OTC deals which are still rough to negotiate. However, projects like tZERO and trading platforms will remedy this. The existing crypto-oligarchs will either be bought or washed out through intimidation because they lack the caliber of sophistication/experience necessary to swim in these waters. I've seen this firsthand. If you want a clearer illustration, look at CryptoPuerto and the naive idealism of those involved. Figures like Brock Pierce will be further cast into complete obscurity as the suits entrench themselves and regulations come into play.

>>9654137
>>9654151

To an extent, you are correct, but there's also a lot of false confidence in anonymity and whether it will be possible as moving capital out of crypto and into fiat requires some gateway which entails registration/identification. If you purchase any commodities, you have to provide some form of ID or address. All the pirate/black-market networks are blown up as they expand. I just don't see how total privacy is feasible unless you're a nobody; in which case, who cares-- don't pay your taxes and watch your snuff films or w/e. Even VPNs can be doxxed...

>>9654131
The SEC has international jurisdiction. If someone hosted an ICO out of compliance in India and sold to foreign investors based in the US, the SEC can knock at the door of the Indian government and claim jurisdiction of the individuals involved. This exceeds to most countries. Just wait a few more months and you'll see what I'm describing. They're already investigating individuals and banks in the UK, which as the source for a lot of early BTC trading/manipulation.