"Shark Tank" is a program that aims, in a simple way, to leverage small entrepreneurs who have vision and pragmatism to be able to undertake and sustain the intended business activity!
Business activity is at risk. it is those who put themselves at risk, mainly with capital, that make companies start and grow. It's what produces jobs and boosts the economy.
In the financial market, in general, whoever takes this risk to increase capital is called an investor!
In general, those who decide to invest, bet on something that, in addition to returning a return, bet on an idea, a company and, in the case of cryptocurrencies, on an added value to an icon, to some currency, strengthening the system as a whole .
This is called transactional turnover.
Well, when billionaire Mark Cuban, host of the "Shark Tank" show, owner of the Dallas Mavericks basketball team, the NBA, and several other companies, including some linked to blockchain technology, that is, a lot of capital at risk, says that the proposal, which seeks to tax cryptocurrency movements in the United States, would similarly equal the country, in an imaginative exercise, to having banned electronic commerce in the 1990s.
He said: “Turning off this growth engine would be the equivalent of stopping e-commerce in 1995 because people were afraid of credit card fraud. Or regulating website creation because some people initially found it complicated and didn't understand it. that it could one day mean," he told the Washington Post.
In fact, if the American government, in the 1990s, of the 20th century, had made this surcharge, e-commerce would not exist, or it would be like the cryptocurrency system: full of taxis and almost an impediment to minors!
To put it in context: the US proposal on cryptoactives was included in the new infrastructure law being voted on in the country, which aims to increase government revenue by 1 trillion dollars.
The approach to digital assets is the target of harsh criticism from cryptoactive and blockchain market participants, who say that, if passed, the law will derail innovation and could have devastating effects on the industry.
One of the points that has generated the most criticism questions the way in which the text defines "cryptoactive brokerages" that would, for example, make miners considered that way and have a series of new fiscal responsibilities, possibly making their operations unfeasible.
Not only that, this surcharge will generate an exodus and, consequently, a brutal capital flight. In the second instance, the initial collection, which will be high later, will decrease due to the escape of the cryptocurrency-based businesses!
That's what always happens!
The concern is such that, on Sunday, 8, the CEO of Twitter and Square, Jack Dorsey, published a sequence of messages on the social network talking about the subject:
"Forcing reporting rules for Americans who develop software and hardware, who explore and protect the network, or who run nodes to build resilience and efficiency [on the blockchain],
it is an impossible task that will only drive the development and operation of this critical technology outside the US," he said.
The law, which is much broader than the cryptoactive market and includes decisions on different sectors of the US economy, continues to be debated on Monday, 9th, and could be approved in the next few hours.
Amendments and alterations to the original text, however, are still possible.
Either way, chaos is in place.
This is already reflected in the price of bitcoin and throws uncertainty over ethereum 2.0.
It is important to observe and keep at this moment!
https://www.publish0x.com/rationality-emotionality-and-financial-markets/freedom-and-economy-xmmkned
