This Western State Wants to Be America’s Crypto Capital

Through dozens of new laws, Wyoming hopes to become America's blockchain headquarters, attracting businesses from across the crypto sector. Whether they show up though is yet to be determined.
#SystemShock #Crypto #BloombergQuicktake
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[@business]

What do you think? Could Wyoming could become a national and even international hub for crypto?

[@bonghunezhou5051]

National crypto hub, maybe; international...??

[@Mashburn007]

@PetrusVision yea man DAO gonna end world hunger.... Better than any unicef or other similar groups

[@jayharrow12]

why dont you cover the freedom convoy

[@hipreference]

Nah

[@RickyC0626]

Definitely possible, reminds me of an old show called Jericho where Cheyenne becomes the new capital of a newly formed republic. Though, in the show, Cheyenne was run by a corrupt corporation masquerading as a government. Hopefully that's not the case here.

[@millamulisha]

“We’re gonna push back as hard as we can against the Feds”… most Wyoming thing ever said. 😂

[@coraltown1]

crypto .. preferred monetary tool of money launderers and drug traffickers.. very Wyoming indeed.

[@georgehart1122]

Seeing as Wyoming gets 88% of their electricity from coal, this is going to be great for the environment

[@jahangirmehta3997]

Yeah but fyi bitcoin uses even more energy per transection. If its being mined through geothermal ways then its fine else its even worse then coal.

[@mandisaw]

Just picture all those breathtaking natural vistas on fire or depleted of all water. Even that CityDAO project is acreage with no water access, that's why it was so cheap.

[@fergalfarrelly8545]

That dude saying code runs DAOs is guessing what a dao is. That is not at all what a dao is and its not autonomous. They use decentralized governance and the comunity runs and governs the DAO via token voting. If you own the governance token you get one vote on every proposal. Autonomous is a terrible name and it does not fit. Running a dao is very involved. Hundreds of proposals and everything is voted on by the comunity. Then we have to implement the decisions. Autonomous should never have been put in the name. Just decentralized organization. Its run very similar to a union. Instead of a board running the company its all the stock holders, and we can have this control because of blockchain tecknology.

[@ridefarther]

sounds like direct democracy. I want in.

[@danielhenderson7050]

I totally agree. I have NO idea why they even put the A in DAO, it's completely fabricated.

[@atomicjoe]

I'm working on r/80Acres

[@albanduro4278]

*Bitcoin trading right now should be on every wise individual list. In few years you will be ecstatic about the decision you made today*

[@futurnekedesin9172]

I wanted to trade crypto but got confused by the fluctuation in price

[@woutwouters8859]

he's really amazing I still can't believe someone can be this exceptional when it comes to Bitcoin activities

[@laurenderrick6578]

Trading with Dulahi is awesome, he has managed my investment so well and my weekly returns is mind blowing

[@adasohas4557]

My first investment with Mr Dulahi earned me profits of $25,620 and ever since then he has been delivering

[@adasohas4557]

I've completely stopped working

[@NeuroEverything]

Did a bit of research and found out that Wyoming has no state income tax, no sales tax, no capital gains and inheritance taxes and low property taxes. Can someone explain to me how Wyoming survives?

[@mandisaw]

Wyoming is a bifurcated economy - you've got a lot of poor people who need services, but vote Republican, and a handful of very rich people who don't want to pay taxes, and so vote Republican. And then add the various Native populations, with their own political & economic struggles. They probably get a "taste" from all these crypto companies, plus jobs, which is why they are pushing this so hard.

[@canadian97]

If Wyoming has barely any taxes, my guess is they depend on federal transfers to survive. In all likelihood, they get more from the federal government than what they paid to it.

[@lissaleggs4136]

Oil and gas dry up.. Same story in 1973 Oil companies owe $2 trillion in loans is why they playing this game again of peak oil.

[@sams8502]

Title should be: Wyoming Crypto Circle Jerk

[@pamelathompson6783]

I am so happy for Wyoming! I have been to Wyoming couple times and I love it’s people and nature ❤️ I wish it the best of luck

[@larontyson]

Super interesting, learned a lot about Wyoming and the legal hurdles for crypto.

[@CyPorter]

Go Wyoming!

[@victorpinasarnault9135]

The idea of SPDI is very interesting.

[@Football__Junkie]

Rugged individualism means having special privacy laws for corporations. In real estate they are a haven to hold your LLCs because of their difficult legal processes that make it hard to discover who owns an LLC and therefore who to sue.

[@deepdude4719]

Waaaaooooo

[@travelinman70]

LLC articles of incorporation are filed with the state and included is an ownership structure and a management structure. But legally, the LLC is the "entity" that would be sued, not the owners...hence Legal Liability Company......liability limited to the company entity.

[@airhab]

Exactly! This “Rugged individualism “ is spoken about but all I see and hear in this video is Corporation, Corporation, Corporation!!. Soon individuals will be priced out of farms and homes in WY because Bill Gates, Bezos, Saudi Sovereign wealth fund etc etc will be asset parking their billions in land holdings due to the state rolling over for them! That is NOT rugged individualism!

[@christianvargas7009]

@@travelinman70 thanks captain obvious, the "owner" you refer to is a fall guy and means nothing

[@charlesfowler4308]

@@christianvargas7009 The point of an LLC is you don't need a fall guy. The debts of a corporation are liable to that cooperation only, not to any owners, hence limited liability. LLCs have the limited liability of PLCs except they provide much more privacy (and less paperwork) however they can't be traded publicaly.

[@alcottnine]

Maybe we can eventually replace government agencies with DAOs

[@ougawougajr.4983]

Dozens of new state laws additional to the 5 different federal regulators and laws you have to go through as crypto business in the USA. Taxfree profits don't come cheap. You know what I mean...

[@liyiyuan45]

Yellow stone season 5 looks interesting

[@wilkensbrito2879]

Hi, NJ here. Im moving over to Wyoming. Wyoming seems to be the best middleman for the conversion. Excellent exemplary. Traditions are a mindless way of doing things without thinking, advancing or improving.

[@DouglasButner]

Around 5:30 she concludes that digital assets are property, claiming that this represents the technology, but it doesn't at all. In terms of tangible assets, you really only "own" information that is your private key. While that private key can authenticate you to change state representing an asset transfer, it doesn't mean you ever have possession of any tokens, or they were ever moved into our out of your possession (as defined by an account that you control with a private key). This is because the assets are controlled by another private key, the one from the smart contract defining the token. So, the property is really on the smart contract, unless you have "destroyed keys" or a "coin" not a "token" that represents a l1 blockchain and is not governed by a changeable contract. Stoked for all the work, but this really shows that the people writing the legislation may not have the tech knowledge to understand what is a blockchain or how the assets on them work, not to mention the vast differences between an EVM and an EOSIO based chain.

[@DouglasButner]

Overall, the general ignorance can be defined as an assumption that "blockchain" is one thing, and therefore all of crypto operates the same way. For one example of why this is dangerous, there's some blockchains that allow for contracts to be modified, and others that aren't. This is a HUGE consideration, as ASSETS are OWNED by CONTRACTS and PERMISSIONED to be transferred around by that contract. There's assets backed on other assets. There's Liquidity pools. There's so much that they aren't accounting for. Also, not all crypto is POW (needs a lot of electricity)

[@ritvikkumar504]

So you never have possession of the actual coin. All you really own is the information which is what Wyoming is claiming.

[@GaitaPonto]

I will laugh so hard when this bubble finally bursts.

[@mandisaw]

Delaware makes money on all those company registrations, even though most companies fail in the first year/5yrs. Wyoming clearly is following that model - make money off the fools all the way down.

[@benjones1717]

No source of clean energy and no cooling.

[@josefv1154]

I'm wondering how a crypto "recession" or destabilisation will affect normal Wyoming residents who are not participating in this.

[@phazon100]

It won’t.

[@ignaciogonzalez8716]

Stable coins exist

[@909crime]

this

[@TheRollupCo]

This will be a history, amazing video

[@AlecMuller]

8:18, please don't give us any more "protection". We can barely handle the "protection" you're already forcing us to buy.

[@urimbajrami1534]

Hey great video. I wanted to ask what you think of revenue generating NFTs (like Spellfire cards for example)?! A friend of mine said they are going to be the next big thing in crypto. Wanted to hear your opinion about them first before i start investing :)

[@MadsBoldingMusic]

This seems like an advertisement more than a documentary. Am I the only one who feels this way?

[@StarOnCheek]

10:11 it is really cool that it does that, but in the long term DAOs don't care if they are recognized by the state. Blockchain is a technology that cannot be stopped

[@eirik4902]

It's great to see the new laws, but i hope they are careful and don't move too fast, considering the space is so new.

[@larcomj]

@8:47 ya so is the dollar not backed by anything...........

[@hobog]

7:26 what about loans?

[@JoelBondurant]

How is the high as a kite state income tax???

[@Yikker_C]

I would like to see a video about HashEx and their audits that they conduct for projects.

[@Izzy-qf1do]

It's still Wyoming...

[@sameaulahad2824]

Wow, I’m impressed

[@gustavodanielalegre1990]

Siempre va ver industria incluso cuando haya guerras esté todo destruido.

[@rampartranger7749]

Love Wyoming!

[@nicholaskenny4684]

NYC claims to be crypto friendly? Almost every crypto is banned and I’m sitting here mining at 22 cents a kWh. What are they smoking? Lol

[@ukicool6829]

When paper money based on gold currency Crypto based on what??

[@adamkristopher8037]

BZCArmy!!!

[@steadfast510]

Looks like centralized behavior setting up crypto banks connected to federal banks. 🤔

[@campbellthomas6209]

Drinking game: drink whenever you hear “rugged individualism” or “individuality”

[@shakenbake6303]

#Bitcoin is freedom money!

[@unkowntheunkownsatoshi4842]

Denied just as Florida is denied

[@wintertester8331]

Yo Ho ho I may be late but happy lunar new year!

[@joshp5151]

Wyoming…Liberal?? I thought Conservative based on Cannabis policy

[@livegooddad]

What about Chubs Inu crypto? I heard its got a lot of marketing an could be epic.

[@spacetoast7783]

Nothing says rugged individualism like embracing a social media fad.

[@andrewpagan]

If you still think crypto is a money fad, you're blind. Crypto has a future. NFTs does not.

[@fergalfarrelly8545]

Rugged individualism is in reference to taking your wealth into your own possession. You totally do not understand money if you think crypto is just a social media fad. We are now our own bank. Bitcoin is more modern day gold not fad. The NFT art can be called a fad. Not bitcoin or etherium. They are the best liquid assets on earth right now.

[@shantyclips6358]

Lol... U sound like a guy in the 1990s thinking the Internet is a fad. 😂

[@shantyclips6358]

Btw. Have fun dying poor. I made 70k last year, earning more through crypto than through my job. 😚

[@alvin3171997]

@@fergalfarrelly8545 Blockchain is the new future. But not crypto and NFT. Both of them are just pure speculation, which by itself not wrong as long as there’s people pumping money into it :)

[@lih4326]

I wanna move there

[@elbryanto]

"Let’s switch from depleting resources to pure speculation market for future economic stability." Genius.

[@mandisaw]

Nah, they just went for the commodity of ignorant, greedy people - an ever-replenishing resource 😆

[@ll8937]

it's like try teaching a dog new tricks

[@nogoingback7766]

great video, informed me much, impressed with past reformist record particular about early vote for women which shows them to be strong

[@inferno0020]

SBF can move to Wyoming :D

[@pascalladal8125]

Why was I sure it was either Wyoming or West Virginia lol...

[@Blondul11]

What about the energy use of Bitcoin?

[@barl3857]

The question is how we produce energy not how much energy we consume if you’re concerned about emissions there’s the option of nuclear that produces 0> tons of Co2 The benefits of bitcoin Justifies it’s energy usage as it’s stands bitcoin get about 40 percent to almost 75 percent from renewables a lot of that energy would go to waste otherwise

[@Blondul11]

@@barl3857 Where do you get that information from?

[@Bsdacres]

Bitcoin is not the only blockchain. Most are moving to PoS

[@barl3857]

@@Bsdacres Ok but the Purpose of Blockchain is to to make it as Decentralised as possible that can only really happen in POW also it’s far more difficult to Manufacture the Equipment and get access to Energy to gain 51% of the network so it’s more Immune to attacks ware a POS network could be hacked by some teenager or a some country could hold 51% of the networks tokens and Basically use it like the US Uses the dollar so Essentially POS become less Decentralised over time Don’t get me wrong I hold other cryptos but bitcoin is the only network that has Proven itself and actually I believe over time that bitcoin will become the base layer and the likes of ETH will become layer 2 on top of bitcoin if you understand all that So people complain about Energy usage but like I said we can use as much Energy as we what but it’s the Process on how we get that Energy is the problem and that need to be fixed

[@Bsdacres]

@@barl3857 Not really how delegation works, nor is an entire supply minted at once.

[@dianedenham5259]

So what happens when the sun emits a CME in our direction big enough to take down all electronic devices?

[@wackozacco7507]

Would make covid look like a walk in the park

[@MrArchonAlarion]

Then cryptocurrency will be the least of your worries.

[@VideoAmericanStyle]

I'd probably be more immediately concerned about planes falling out of the sky, computer-equipped vehicles crashing, global communications and infrastructure coming to a halt, hospitals descending into chaos, etc. But hey, to each their own.

[@cfishel]

Caitlin is the best!

[@JJ-ev5mp]

What if USA ban crypto or announce its illegal - then wyoming will need to shut down all crypto business ? or they still gonna run crypto business ?

[@04SURE]

Im moving to Wyoming crypto world

[@BOSS-ef4ev]

Crypto is stronger than ever, but this just a merely beginning

[@rampartranger7749]

What? No mention of Charles Hoskinson, one of the 5 founders of Ethereum and now the head of the Cardano Organization .

[@phazon100]

Not relevant

[@kendellfriend5558]

The thing is, if the US is gonna regulate crypto, they better insure it like they do cash and securities or regulation can lead to even more risk. 🙄

[@JeremyAlpha]

I'm building a DAO to replace Uber and Amazon :P.

[@Antigone10]

Bitcoin desperately needs to stay a virtual asset not plugged into banking. You have gold, find someone to buy your gold and if you cannot find someone to buy it then it is worthless. China blocked crypto in their country and made it very hard to transact on purpose to stop money flowing out of their economy. So, yep, China and Russia are both ahead of the US in crypto but not the way this vid makes it seem.

[@toretto1341]

Certainly they are desperate in making bitcoins a world class assets so that they benefit the most selling their idea of so called their own crypto where they stand a lead. This is what the west always do.

[@americancivicsinstitute9546]

WOW

[@NetWorkProduction2600]

Go Wyoming 🔌🚀🚀👍🏽👍🏽🤝🏽🤝🏽

[@Elevatednarratives369]

This is so jeen-yuhs 🤞🏽

[@theedwardian]

"Use the infinitely printed fed money, livestock! It's a good thing when we inflate your life savings into nothing! That will be 50% of your net-worth plus tax and tip."

[@watkins_bennett]

Great

[@marvelpowell6510]

Crypto investment is indeed the best thing that has happened to me... I'm happy connected to the right broker

[@patriciaoss9826]

Real brokers are hard to find this days but you have to settle down and find one for yourself

[@kelvin9737]

Yes you're right 👍👍!!!! Real brokers are hard to find but I have one which I've been trading with, Mrs Lilian Gregory, I don't know if you have heard of her, does the name ring a bell to anyone here?

[@michaeliss6719]

@@kelvin9737 wow 😯 I'm surprised you know her too. Yes have been trading with her, she is super fabulous

[@michaeliss6719]

I lost $2000 carelessly trading on a platform then I was referred to Mrs Lilian Gregory, she recovered the loss and made an extra profit of $4500

[@dauglasfumes7440]

Please how do I start trading with her, please I am interested🙏🙏🙏

[@snooky3]

Lol, no Utah is hahaha.

[@metaversefashion890]

4:05 Linda

[@theBROKEbroker]

Nioce

[@yonatanbadash]

This is a smart state honestly they do not try to fix fix fix they think build build build

[@gregniel]

One micro-nova brings it all down in seconds.

[@chutneyrebelmusic]

Absolutely insane! I would love to see the same or even better someday in the future in India! 🔥

[@jon-unicorn-doxxer]

Your country government are wary of crypto,

[@kedarmeow]

When I read title, I believe it'd be NY or California or Texas but Wyoming? 🤔 That's impressive & progressive.

[@ManishSinha]

SF and NYC are the top two states with highest number of crypto related jobs but the laws have not caught up there

[@JJ-ev5mp]

​ @Manish Sinha what if USA ban crypto or announce its illegal - then wyoming will need to shut down all crypto business ? or they still gonna run crypto buisness ?

[@jakewalker1586]

Wyoming, see you in 2024.

[@yshcabana]

Wyoming why not

[@kvm1992]

Crypto is not the answer. Serious lack of understanding on massive scale.

[@tnguyen8633]

Now they just got to legalize cannabis as well, or at least decriminalize it then Wyoming will capitalize on both the booming cannabis and crypto industry.

[@ssthao]

This is very interesting. Hope more states are doing this too.

[@TheSeppentoni]

But shouldnt it be decentralized lol

[@nomoreprivacyanymore]

What is wrong with people?

[@963hz]

I bet she bought in 2010 :)

[@deepdude4719]

WYOMING

[@FUNKYFRESH707]

💎X💎R💎P💎

[@rikas7970]

This is the real American dream ♥️

[@debrablue]

@66 I'll Keep My Green Back$ For Now. I Like Gambling=But sometimes at a Casino

[@SpeedOfDarknesss]

good luck wyoming 😅

[@sandrabaffa7980]

Hello, I'm new to Biticon trade and I've been making huge losses but recently I see a lot of people earning from it. please can someone tell me what I'm doing worng?

[@robertjennifer3273]

all you need now is a professional trader else you will continue making losses

[@TheSeppentoni]

Nobody in this video seem to understand what they are talking about

[@driftergarage4898]

What about pioneering in Bigfoot/UFO research…??? Gotta be something in that…😎👍

[@deniswilliams8993]

I will forever be greatful to you rub scott you've changed my life, I'll continue to preach about your name for the world to hear, you've saved me from a huge financial debt with just little investment, Thanks Ruby Scott 🇱🇷🇱🇷

[@nanaferguson1351]

Trading income is easy. But only if you put in the works. Consistently follow her advice and see your account grow.

[@surajudeenalutuko630]

Hello Mrs Clarissa the bitcoin trader is legit and her method works like magic I keep on earning every single week with her new strategy

[@shamsudeenlurwanu6022]

I also trade with her, and earn $2,600 every week. All my family have been trading with her and making profits

[@abubakar69ibrahim71]

I still wonder how she gets her analysis, I got profit of $28, 609 with a capital of $4000 in 16 days of trading with her

[@umarmuhammed5945]

A friend that I referred to her just received $7,050 profit after 10 days of investing....I became jealous.. lol

[@musasaminu5186]

Please how do I get in touch with MRS CLARISSA

[@ahmadaliyuyusuf8371]

Trading without a professional like expert Mrs Clarissa is like gambling with your money

[@koviyovas8325]

Sounds like the perfect way to organize another coup attempt.

[@rishabhraj8233]

I want to start mining Bitcoins and crypto.Please tell me how can I mine bitcoin.

[@becoin8203]

M-s-g directly 📥 For more crypto gains and nft's option and promotion💯...

[@tysloo81]

seriously, open casino is better than this, crypto is worst than casino.

[@williamspatricia1003]

I just withdraw my profit last two days before now. am glad I did invest with them still reinvested and the trade is ongoing

[@paskalnikita]

When I people pronounce word "CRYPTO" I only hear scam. All CRYPTOtraders gonna lose those money it does not make any sense...

[@Bsdacres]

Y?

[@hastey23]

Billionaire zombies club ftw!

[@barmanXps]

bullish