Row 36505

Row ID: 36505 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 36505 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

>What makes me a little sad is that only the etf approval has been capable to create demand for ETH

It's not as much the ETF approval (which hasn't even happened), as it is clear regulatory certainty on the horizon (ie the "Fit21" bill).

The accounting rules for holding crypto as a company were/are plainly fucked. If you have $100 of ETH on your balance sheet your company was worth +100, if that ETH dropped to $50 your company was worth +50, then if ETH went up to $200 your company was still worth +50. If you're holding somebody else's $100 in ETH instead you had to offset it as a liability with $100 in cash, meaning you can't spend that cash to grow as you would otherwise. This isn't the greatest 'look' when you're trying to appease investors, the liability to simply interact with crypto wasn't worth the effort.

NO company wants the DOJ/SEC going after them, especially one that's gone public. Reddit was ready and willing to issue cryptocurrencies in place of 'karma' on their platform, but necessarily had to kill the project due to regulatory uncertainty.

NO sane person wants to invest with that much overhang. Suppose there was a chance the US government imposed an 80% tax on all ETH activities or outright sanctioned them (as they've proposed in the past), then it's not worth the risk.

The current rules effectively halted innovation (ie private investment) in the US where innovation typically thrives. The ETF is secondary to those rules being appended, IMO. I mean, crypto startups were moving to Central-Europe to launch lol, the US has definitely screwed the pooch when that's the case.

Just try and imagine what clear regulatory certainty will enable in 5-10 more years; popular user-generated content will be worth money, people can help train LLMs for compute-tokens, etc. It will bring on some truly great development and innovation, nothing like we've seen before.

FieldValue
text >What makes me a little sad is that only the etf approval has been capable to create demand for ETH It's not as much the ETF approval (which hasn't even happened), as it is clear regulatory certainty on the horizon (ie the "Fit21" bill). The accounting rules for holding crypto as a company were/are plainly fucked. If you have $100 of ETH on your balance sheet your company was worth +100, if that ETH dropped to $50 your company was worth +50, then if ETH went up to $200 your company was still w…
label r/ethereum
dataType comment
communityName r/ethereum
datetime 2024-05-21
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Raw Record

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  "text": ">What makes me a little sad is that only the etf approval has been capable to create demand for ETH\n\nIt's not as much the ETF approval (which hasn't even happened), as it is clear regulatory certainty on the horizon (ie the \"Fit21\" bill).\n\nThe accounting rules for holding crypto as a company were/are plainly fucked. If you have $100 of ETH on your balance sheet your company was worth +100, if that ETH dropped to $50 your company was worth +50, then if ETH went up to $200 your company was still worth +50. If you're holding somebody else's $100 in ETH instead you had to offset it as a liability with $100 in cash, meaning you can't spend that cash to grow as you would otherwise. This isn't the greatest 'look' when you're trying to appease investors, the liability to simply interact with crypto wasn't worth the effort.\n\nNO company wants the DOJ/SEC going after them, especially one that's gone public. Reddit was ready and willing to issue cryptocurrencies in place of 'karma' on their platform, but necessarily had to kill the project due to regulatory uncertainty.\n\nNO sane person wants to invest with that much overhang. Suppose there was a chance the US government imposed an 80% tax on all ETH activities or outright sanctioned them (as they've proposed in the past), then it's not worth the risk. \n\nThe current rules effectively halted innovation (ie private investment) in the US where innovation typically thrives. The ETF is secondary to those rules being appended, IMO. I mean, crypto startups were moving to Central-Europe to launch lol, the US has definitely screwed the pooch when that's the case.\n\nJust try and imagine what clear regulatory certainty will enable in 5-10 more years; popular user-generated content will be worth money, people can help train LLMs for compute-tokens, etc. It will bring on some truly great development and innovation, nothing like we've seen before.",
  "label": "r/ethereum",
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  "communityName": "r/ethereum",
  "datetime": "2024-05-21",
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}
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