skelethon (OP)
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March 10, 2018, 05:04:50 PM |
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Source: https://www.fedscoop.com/gao-taps-ai-blockchain-society-altering-tech-calls-rd-spending/One step closer to a crypto world I think! It's always good to see more governments accept blockchain as the future. I imagine tracking funds, improving information safety and so on would drastically improve. But on the other hand, I also really don't want the government controlling the blockchain. Who knows what can happen if it fell into the wrong hands. Anyway - what do you think?
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KingScorpio
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March 10, 2018, 05:35:44 PM |
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Source: https://www.fedscoop.com/gao-taps-ai-blockchain-society-altering-tech-calls-rd-spending/One step closer to a crypto world I think! It's always good to see more governments accept blockchain as the future. I imagine tracking funds, improving information safety and so on would drastically improve. But on the other hand, I also really don't want the government controlling the blockchain. Who knows what can happen if it fell into the wrong hands. Anyway - what do you think? jes why hold on the current financial system you would have to feed the poor, why not just drop them and make your own money. even if the system gets so confusing that no one understands it anymore.
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LeroyBro
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March 10, 2018, 05:39:20 PM |
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We can only see how it will go.
Can be a good thing or a bad thing, depending on the execution.
As far as I know, the Estonian government also uses it and they manage to do it effectively.
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============== Interested in ICOs ==============
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coino.org
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March 10, 2018, 05:42:29 PM |
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Well, if blockchain is a future, why do they ban investments in ICOs for USA citizens? Cant see any logical explanation.
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Onur_luna
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March 20, 2018, 09:55:03 AM |
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Ereun
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March 20, 2018, 10:16:14 AM |
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If the blockchain is entirely in government control, then the perpetrators of crypto will object. Digital currencies are risky because they do not have an investment valuation base. Then, this currency is at risk for money laundering. "Thirdly, this will create a '' bubble ''. Perhaps the three points must be made by government regulation, this is just my opinion.
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R21
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March 20, 2018, 10:30:45 AM |
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Ok, if they are think blockchain need for future currency related activities and accept it and work for that then it's a better situation for cryptocurrencies future.
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WilfOtto
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March 20, 2018, 10:52:29 AM |
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Source: https://www.fedscoop.com/gao-taps-ai-blockchain-society-altering-tech-calls-rd-spending/One step closer to a crypto world I think! It's always good to see more governments accept blockchain as the future. I imagine tracking funds, improving information safety and so on would drastically improve. But on the other hand, I also really don't want the government controlling the blockchain. Who knows what can happen if it fell into the wrong hands. Anyway - what do you think? That's "the reverse of the medal". A government accepts blockchain with the purpose to control it. Otherwise government can begin banning usage of cryptos on its territory.
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HardFireMiner
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March 20, 2018, 10:58:24 AM |
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Check this up, R E P O R T OF THE JOINT ECONOMIC COMMITTEE CONGRESS OF THE UNITED STATES ON THE 2018 ECONOMIC REPORT OF THE PRESIDENT, pages 200+ https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdfSolving the challenges cryptocurrencies and blockchains present will require unique solutions that balance the needs of consumer protection, security, and entrepreneurship. While it is impossible to determine precisely which rules, regulations, and guidance will result from this process, one thing is certain. Regulatory agencies will need to coordinate to ensure they do not work at cross purposes. America is already subject to a complex set of regulatory institutions governing financial products and transactions. As Perianne Boring of the Chamber of Digital Commerce highlighted, this regulatory web produced four different classifications of digital assets (commodity, security, currency, and property), which is not conducive an environment where entrepreneurs are enthusiastic about launching a startup.
Regulators recognized the need for coordination. In the Wall Street Journal, SEC Chairman Jay Clayton and Commodities Futures Trading Commission Chairman J. Christopher Ginacarlo noted: The CFTC and SEC, along with other federal and state regulators and criminal authorities, will continue to work together to bring transparency and integrity to these markets and, importantly, to deter and prosecute fraud and abuse. Outside the financial space, as noted above, other executive agencies such as NIST and HHS continue working towards standards that promote compliance without needlessly halting innovation. For cryptocurrencies and blockchain to further thrive, policymakers will need collaborative and innovative solutions that set the rules of the game without overly prescriptive regulations that constrain this emerging technology from reaching its full potential
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Adunni6758
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March 20, 2018, 10:59:13 AM |
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This is really amazing, seeing the US government embracing blockchain technology. I would like to see some other countries that have not implemented the application of this technology into their system to also do the same. A friend once said that, if developing countries can integrate blockchain technology into their economy, the rate of development will be faster. The reason being that, as it is, blockchain technology can be used to address and resolve so many issues bothering everyone. People and governments are beginning to realise the affective of blockchain technology.
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cynical
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March 20, 2018, 11:26:05 AM |
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Well, if blockchain is a future, why do they ban investments in ICOs for USA citizens? Cant see any logical explanation.
because they dont have control over them and the majority are scams. blockchain technology is there for all to use and the US government announcing they are looking at developing it is not spectacularly surprising. eventually all countries will use blockchain but it wont be anything we are interested in because they will still control it, just like FIAT.
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labake
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March 20, 2018, 11:32:59 AM |
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Anyway, it's a great development as the US government accepts blockchain technology. It's absolutely a sign of progress, Just imagine every bank in the world using blockchain technology. There won't be delay at all in their system but the issue now is hope they would be ready to learn from the experts who already had the knowledge or their Ego will make them keep trying?
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kryptqnick
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Join the world-leading crypto sportsbook NOW!
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March 22, 2018, 07:43:06 PM |
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Well, if blockchain is a future, why do they ban investments in ICOs for USA citizens? Cant see any logical explanation.
Blockchain is not limited to icos. It is a technology that can be used to decentralize trading of goods, for example. ICOs are making people lose lots of money, while there are projects released otherwise which are not able to turn up to be scammy ones. Banning ico while supporting blockchain makes sense. However, banning all cryptocurrency ads on Google and Facebook doesn't. Oh, and the article is not so explicit about supporting blockchain IMO.
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