Author

Topic: Will the state find a way to sabotage Winklevoss Bitcoin Trust? (Read 1307 times)

newbie
Activity: 10
Merit: 0
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.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
Why would the state sabotage a Bitcoin ETF?  It gives them exactly what they want, a plausibly-deniable way to manipulate the Bitcoin market.
Smiley

Yes.

Though apparently even some highly credentialed folks fail to understand this:
https://bitcointalksearch.org/topic/m.2707094
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
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.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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.
legendary
Activity: 1330
Merit: 1000
Why would the state sabotage a Bitcoin ETF?  It gives them exactly what they want, a plausibly-deniable way to manipulate the Bitcoin market.
legendary
Activity: 2142
Merit: 1010
Newbie
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.
newbie
Activity: 52
Merit: 0
I don't see why the state would have any motive to sabotage an investment with very transparent tracking of capital gains.
hero member
Activity: 588
Merit: 500
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.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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?
hero member
Activity: 952
Merit: 1009
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.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
From what I'm seeing they're doing the best sabotaging themselves already.

Explain?
hero member
Activity: 952
Merit: 1009
From what I'm seeing they're doing the best sabotaging themselves already.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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.
legendary
Activity: 2142
Merit: 1010
Newbie
I believe the state will do its best to disallow the twins to launch their trust. What is your opinion?
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