Below is an opinion from an online friend (Rick Katz) who is also now involved with cryptocurrency having his own coin but not launching it through the usual ICO way...maybe he is predicting that the recent news on China ICO ban can be happening soon. Please tell me if you agree with him or not...
All of this State interference in cryptocurrency doesn't surprise me in the least. Today's market quake is brought to you by the friendly Communist nation of China. They simply have outright banned ICO's (Initial Coin Offerings) and temporarily halted token trading in their country.
The U.S. is not much better unfortunately. The problem isn't the government though... it's us. We the cryptocurrency users allowed this all to happen when we stepped into THEIR cage with OUR crypto coins.
Of course ICO's are like IPO's (Initial Public Offerings). Of course you can't have an IPO without being registered and compliant with the Security Exchange Commission. The more we try to make digital currency mainstream the more the world governments clamp down.
They do it in the name of protecting investors. We all know why they do it. They want to control you and your money. Nothing new under the sun, folks. So, what's the bottom line? Nothing.
Digital currency or cryptocurrency or whatever you want to call it is still alive and well and will continue trending higher after this shock wave is over. It's too good of a thing. Blockchain technology is too good of a thing.
So, I'm not worried in the least about the big picture opportunity. The opportunity is still as BIG as ever. In fact lower prices is great! But let's stop trying to make cryptocurrency mainstream if it means having to be controlled by corrupt governments. And ALL governments are corrupt to the MAX. Every single one.
Power to the People!
Very glad
ZB.COM is launched today, and meet you on scheduled. ZB.com is a block chain asset trading platform,
open to citizens of mainland China.
ZB as a new platform is still tiny, products are unsatisfactory, such as parts of user accessis not stable, less trading currency and other issues.
ZB is successfully launched today, November 1st, 2017, to thank the old and new users of the recognition and support, in which we decided to come up with November 1 - December 31 period of the site all the profits of the proceeds, distributed in the form of dividends to ourusers, Will be user points and vip level as a reference, dividend details willbe released in early December. At the same time thanks to our partners,investors support ZB.
Qtum/BTC is the only pair open for trading as of writing however.
