Sitarow, I've missed your commentary as of late. Any thoughts concerning what may happen over the next 60 days; especially concerning various exchanges, ny, & regulation?
To me, it really is all feeling like the calm before the storm... Just wondering
They finally published:
Financial Services, Department of 7 / Regulation of the Conduct of Virtual Currency Businesses (A)
http://docs.dos.ny.gov/info/register/2015/june24/toc.htmlMy long term outlook is optimistic as favorable reports of reaching a consensus as to block size is resolved.
This result will help adoption of this technology to bring innovation to everyday interactions along with the emerging markets using the improved perception of blockchain usefulness.
Todays cryptocurrency market and increased investment into startups is reminiscent of the internet just before the .com bubble.
The next 60 days we should plan for an economic upheaval of sorts. Geopolitical events a decade in the making will take form as the global currency war will begin to openly effect the unbanked and those displaced by regional conflict.
As institutions attempt to use blockchain technology will remain high risk. Steps to normalize trading practices will help mitigate fears.
We should expect few successes and unfortunately more failures (those who arrogantly wish to circumvent the usefulness of the existing bitcoin network when implimenting their proprietary blockchain.)
tl;dr
Bitcoin technology adoption will keep pushing forward as we resolve issues block size, ease of use, institutional intigration. Uncertainty will remain as far as bicoins economic usefullness due to geopolitical issues that continue to stifle the global economy.
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