Vitarbi | Revenue & Trends

The hottest Substack posts of Vitarbi

And their main takeaways

Banks create money supply through lending and deposit-taking activities
Stablecoin issuers act like banks, engaging in deposit-taking, lending, and fractional reserve banking
Stablecoin holders face risks as stablecoins are not necessarily backed by fiat and may lead to recovery challenges

The fate of cryptocurrency relies heavily on one legal question about whether certain digital assets should be considered securities under the Howey Test.
The Howey Test is used to determine if a financial instrument is a security by assessing if there's an investment of money in a common enterprise expecting profits from others' efforts.
Being labeled an unregistered security in the crypto industry can lead to severe consequences, including fines and damage to reputation.

Contracts can be express (written or oral) or implied, based on parties' conduct.
Certain transactions may require specific forms for validity, like real estate deals.
Implied-in-fact contracts can be created from parties' actions, even without explicit agreements.

The philosophical investigation of art and money can be more intriguing than the philosophy of law.
The concept of unjust laws is a key focus in the philosophy of law.
The philosophy of law tackles important real-world dilemmas like war crimes and human rights abuses.

When mining cryptocurrency, taxable events are the receipt and subsequent sale of rewards.
Income tax is based on the fair market value of coins at the time of receipt.
Capital gains tax is incurred based on the difference between fair market value at sale and cost basis.

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There is a way to prevent falsification, forgery, and duplication of electronic promissory notes and bills of exchange online.
Delivery of electronic negotiable instruments is a key operational challenge as it determines the validity of the instrument.
Using non-fungible token (NFT) form can solve the double-spend problem for electronic negotiable instruments and ensure their integrity and distinct identity.