[2017-10-30] Politician Ron Paul: US Government Should 'Stay Out' of Bitcoin

[mybitcoinfaucets]

Former U.S. lawmaker and presidential candidate Ron Paul doesn't think cryptocurrencies should be considered money, but he's "amazed" by their growth.

In an interview with financial news organization TheStreet last week, Paul put forth a range of views on the subject, stating that while he isn't an expert, he does support the technology insofar as it can help the legalization of alternate currencies in the U.S.

Read more: https://www.coindesk.com/former-congressman-ron-paul-i-dont-consider-bitcoin-money/

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[Lieldoryn]

Right, he says. Most of the people bitcoin will suffer the dollar. If in regulating the cryptocurrency market the us government will not be able to put users in the conditions under which they will not be beneficial to have a cryptocurrency then it will be a direct ban on its use. the Americans will put pressure on other States to destroy bitcoins.

[Marry Finch]

The position of Ron Paul is clear. This position is not a specialist in the field of cryptothermia and he, seeing the undeniable advantages of crypto currency, tries to use these advantages to achieve the goals in which he is accustomed to using ordinary money. However, it is impossible to combine the advantages of the crypto currency and the methods of managing conventional finance. It will take some more time for such politicians and financiers to understand the revolutionary nature of new technologies and not try them under the old systems of financial management.