I think in a perfect world we need both. They each hold their own different use cases. I think making a investment into Bitcoin is always great but there will be altcoins in the long run as well.
Singapore's top blockchain service agency BitSG partnered with NULS which will foster project incubation, commercial obboarding and token circulation! I've noticed a few threads in here talking about country with the greatest blockchain adoption and I would have to say Singapore is one my top guesses.
Have you heard of interstellar mining? I would recommend looking into it especially if anyone thinks that there is a capped supply of gold here on earth
Interesting. I feel like there might be a country that will implement laws for these type of things before the US anyways. We are so slow to move on adoption. I also wonder if we will adopt AML technology like that created by blockchain forensics company Ciphertrace because it might be better, safer and more trusted than the government just coming in and slapping laws on this.
I recently went on their twitter to check these guys out and learned about their Chainbox implementation with the upgrade. They also shared two different use cases the Enterprise Digital Alliance and NAER for decentralized finance ecosystem payment certificate solution.
Will be cool to see what other businesses build with their Chainbox
As more people start to incorporate cryptocurrency in their daily lives the more people will be utilizing the network at one time. Imagine how heavy of weight that is on the blockchains to verify the transactions. If the blockchain isnn't ready to take on the amount of work then it will slow down the entire network aka the scalability isn't there yet
BTC might be the first to openly be caught (and still on going) laundering money according to Ciphertrace's blockchain forensics technology. Their last quarterly report numbers were insane how much got stolen and illegally moved around.
The biggest thing for me is mass adoption and being able to transact the world. I think with that there needs to be proper compliance in place and the governments need to be on board as well. This will take a few years but there are cyber security companies like Ciphertrace that are leading the charge in this arena which I find progressive
I agree. You need to look to projects that are helping build out the ecosystem and are progressing mass adoption. I've been really into unstoppable domains for their contributions of having an easy domain attached to a persons wallet. Also Nuls for their ChainBox approach to setting up blockchains (no language necessary)
That's an interesting point to notice. Is it Binance to choose the length of confirmation? If so, that would make sense to have more AML set in place and feel more secure to pick up the speed for confirmations
Mixed reviews but interested to see how regulation will pan out with having such a thing in place. It's interesting that Congress is already taking action on Libra even citing Ciphertrace cyber security report in their letter. They see 1.2 billion in crypto fraud/scams reported and a red flag is raised
I'm just following the updates of this great project by the OG. If someone still don't know this project, it's one of the few projects that I'm very interested because David Chaum(the OG) is involved with this project and he's the founder.
I know me too! I really want to see Elixxir succeed