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China, as of yesterday, is considering a blanket ban on all ICOs. Ethereum prices, of course, appreciated as a result. I think crypto-anarchists will always fi
by indescions_2017 9y ago
China, as of yesterday, is considering a blanket ban on all ICOs. Ethereum prices, of course, appreciated as a result.
I think crypto-anarchists will always find technology to "route around" any bad sectors in the network. Even if it comes down to sharing e-wallets via secure bluetooth mesh networks in ad-hoc fashion.
The more impactful story may be the way Big Banks are adopting blockchain tech. As with the R3 consortium and open-source Corda project:
https://www.corda.net/ https://www.corda.net/
Another data point to watch is LedgerX, the first LedgerX CFTC-regulated Swap Execution Facility (SEF) and Derivatives Clearing Organization (DCO) for crypto currencies.
https://ledgerx.com/introducing-ledgerx/ https://ledgerx.com/introducing-ledgerx/
- unknown_apostle 9y agoBut suppose the technical managers of that currency and one or more governments are constantly playing whack-a-mole, wouldn't that degrade the scalability and usability of that currency? At least for the non-savvy people in those countries?
- adrianN 9y agoMoney is only attractive if many people accept it as a payment method. Governments can easily make cryptocurrencies sufficiently unattractive that they don't reach a critical mass. There are no technology solutions to social obstacles.
- zzalpha 9y agoIMO it's a mistake to view cryptocurrencies as "money". If you view them as what they are, a commodity, you realize all you need is a buyer and a seller of that commodity. Whether or not you can trade that commodity for goods and services is entirely irrelevant.