^ more like Bitcoin is going to force government to become honest...
Bye bye corrupt politics and banksters..
About all they can regulate at this point is the BTC exchangers converting to fiat. KYC laws like Korea's trying to do now.
That's great, because with regulation comes inescapable recognition, and not even you can dispute that.
Last week the SK gov were in FUD mode, this week they're prepping for support. Tommorow ICX is hosting the Mainnet release at the largest building in Seoul, so let's see if the SK gov raid it or sign up to research involvement because SK sets the tone for SEAsia and, oh no, Asean! Other govs (I think OZ and Russia) are at various stages of blockchain participation including developing their own for specific admin functions.
No getting away from it, don't ask me what a blockchain is because I'm as dumb as most on here, but you don't need brains to realise they are here to stay. Sure there will be nights or weeks of the long knives, and hopefuly this will purge 90-95% of the crap that's being pumped out, but stay with the prime movers with practical uses and you can't go wrong.
If I'm wrong it will cost me, not you, since 80-85% of my port is in ICX, STRAT and NEO, 3 coins that will rise or die or live on in pain depending on how Asian govs react over the coming months. Fex, I reckon China’s public rail against cryptos over the past couple of weeks is a moody; all those huge mining towns they 'shut down', my money says, were or will be taken over by the state which once up and running will make the Chinese gov the largest miner in the world; mining on such a large scale = wealth!
Last edited by jabir; 24-01-2018 at 08:53 AM.
The big news today was supposed to be this...
Unavailable due to high demand/DDOS/bugged implementation?Weiss Announces First Bitcoin and Cryptocurrency Grades by U.S. Rating Agency
Risky Crypto Market to Get the Clarity Only Impartial Ratings Can Provide
Palm Beach Gardens, FL — Weiss Ratings, the nation’s leading independent rating agency of financial institutions, will issue letter grades on cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, TRON, Monero, Bitcoin Gold and many others.
The new Weiss Cryptocurrency Ratings, to be released January 24, are the first by a financial rating agency. They are based on a groundbreaking model that analyzes thousands of data points on each coin’s technology, usage, and trading patterns.
“Many cryptocurrencies are murky, overhyped and vulnerable to crashes. The market desperately needs the clarity that only robust, impartial ratings can provide,” said Weiss Ratings founder, Martin D. Weiss, PhD. “We’re proud to be the first to bring that benefit to investors — to help them cut through the hype and identify the few truly solid cryptocurrencies. Our ratings are based on hard data and objective analysis. But they're bound to create controversy, including some grades that may come as a surprise to some people.”
Weiss Ratings, which began in 1971, rates 55,000 institutions and investments. Unlike Standard & Poor’s, Moody’s, Fitch and A.M. Best, Weiss never accepts compensation of any kind from the entities it rates. Its independence and accuracy have been noted by the U.S. Government Accountability Office (GAO), Barron’s, The Wall Street Journal, and The New York Times, among others.
Chaos atm.
^ Cheers.
Would expect a nice spike in the ones that get good ratings.
If any of them get good ratings.
^
Given the state of many struggling with scaling issues, hacks & AML regulations it'll be a wonder if any get more than a 'D'.
The ratings will be useful for getting more mainstream investors onboard, I expect the crypto-anarchists will write it off as illuminati gubmint if their coin isn't rated highly.
Some people think it don't, but it be.
TRON got slated by the Monero lead dev a couple of weeks ago. Truth or FUD? I don't really know enough about it.
SEC watching firms trying to cash in on blockchain
Securities and Exchange Commission Chairman Jay Clayton is warning that regulators scrutinize firms capitalizing on blockchain technology's popularity to draw investors. Clayton told a conference that firms suddenly exploiting blockchain must provide "adequate disclosure to Main Street investors about those changes and the risks involved."
SEC to examine companies that pivoted to blockchain | TheHill
^
You keep posting good news. When did you become a crypto convvert?
crypto currency is nothing more than monopoly money,
they added a new twist with the distributed crypto, perfect to distract the light heads out there with no clue
it's a game, not really different from the Fed money games at the end
That's abolition not regulation, doesn't work, one of the disastrous consequences would be to push it underground to create yet another dark economy. Acknowledge it as here to stay, regulate and even tax it, but your way would turn future tech into a disaster; good job you're not on any ticket.
Wow, you really have no real grasp of what the most powerful globally distributed computer network signifies, no idea at all.
The fake money is the USD, is in debt to the tune of more than 170 trillion.
Perhaps in some twisted minds this US debt is an asset. It's not! The Euro is in deep doo doo as well.
There is very good reason for the growth of Bitcoin; the death and devaluation of fiat.
they want to kill it, you might choose to ignore it, but that's what it is
regulation is there to curb any crazy initiatives, and it can leads to abolition
don't think it's possible ? a number of new transparency and compliance rules in the bond market completely killed off the second market trading in some bonds, same as the Financial Transaction Tax in Europe, it killed the volume on European equities
in those cases, they are going to reverse some of the early regulation, being too punitive
in the case of bitcoin, it's a shit instrument for shit players, they are going to get squeezed. Sure it can go underground, and that's exactly what they want to, it will be simply monopoly money for the underground players.
there is no credible incentives or justification for crypto-currencies, it's a pipe dream for authoritarian-anarchists and a gambling den for fraudsters and chavs
is there a system in place whereby u can set an alarm on a coin of ur choice.? if so details please.
All the Android apps should have alerts. Blockfolio does
Why have people stopped posting their gains and losses?
I found it quite interesting, but for the past few days, it has seemed to have slowed down.
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