NEWS US Congress Releases Extraordinary Report Praising Cryptocurrency

[Wind_FURY]

I believe none of you read it.

Blockchain Looks Like the New Internet

“The buzz surrounding digital currencies resembles the internet excitement in the late 1990s when people recognized technology companies could change the world. Many internet companies launched and their valuations took off in short order. Many failed, but a few succeeded spectacularly and challenged the conventional ways of doing business.”

But first I would want to know what their definition of blockchain is. Is it a censorship resistant, decentralized ledger, secured by proof of work?

Cryptocurrencies Could Outshine Government Fiat

“Some critics of currencies controlled by government fiat welcome cryptocurrencies because their supply is preprogrammed and perceived as unchangeable. For example, only 21 million bitcoins will ever be issued and the last fraction of a bitcoin will be issued in approximately 2140. Additionally, the creator of Ethereum designed its mining reward to decline exponentially as more miners create blocks, and according to his calculations the supply will be just over 100 million ether.”

We cannot trust a group of congressmen if they take Ethereum seriously.

Blockchain Is Secure and Efficient

Wrong.

Blockchain May Transform Many Industries

Wrong again. What they need is a database. But this partly goes back to "what is their definition of blockchain"?

The Conclusion

“Technology presents evolving challenges and generates new solutions. Blockchain technology essentially stores and transmits data securely, in large volume, and at high speeds. So far, the technology has proved largely resistant to hacking, and given this feature, developers first applied it to digital currencies. Yet blockchain has many more potential applications, such as portable medical records and securing the critical financial and energy infrastructure that the Report identified.”

How many years should we give them before they learn the truth?

[magneto]

It's honestly all points that we all knew before we started to invest in bitcoin.

It's all common sense and common knowledge within the bitcoin world, and they're just putting it on paper. That's literally all they're doing. Again, I think that it is exaggerated every time the government or the regulators do something, it's either really good or really bad.

People need to start realising that most of the times when they come out with these reports or regulations, it doesn't change anything. And this new piece of news seems to be a catalyst in the current price recovery, which is good. But people should stop overreacting to these news articles. Do your own research.

[Wind_FURY]

It's honestly all points that we all knew before we started to invest in bitcoin.

It's all common sense and common knowledge within the bitcoin world, and they're just putting it on paper. That's literally all they're doing. Again, I think that it is exaggerated every time the government or the regulators do something, it's either really good or really bad.

People need to start realising that most of the times when they come out with these reports or regulations, it doesn't change anything. And this new piece of news seems to be a catalyst in the current price recovery, which is good. But people should stop overreacting to these news articles. Do your own research.

What points are those, and please kindly read my post above yours. Those "points" made are wrong and it is the kind of assumptions that newbies in Bitcoin mistakenly first make when they arrive in Bitcoin land.

[nikolastech]

Now we just need get up over 8650 and stay there that would be exstremely bullish

[nikolastech]

So some great days for BTC and the future of bitcoin, to sum up:


US Congress Just Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology:

https://dailyhodl.com/2018/03/19/us-congress-releases-extraordinary-report-praising-cryptocurrency-and-blockchain-technology/

And: Bitcoin jumps $1,000 after recommendation for G20 to ditch regulation

https://www.rt.com/business/421681-bitcoin-regulation-g20/

Thats really the news we needed for for BTC, and a sign to get back in before its to late

Yes again might fall 100-300 but just a matter of time, where it will take a big jump up, and make sure you don't get left behind


Have a good day Friends

[nikolastech]

Bitcoin was up testing the wall 2nd time, almost broke the wall at 8600
It will attemp again , alot of agreresive bulls, just matter of time before it breaks and we fly op over

[nikolastech]

It broke down the wall here we go up

[bitfocus]

that's a kinda' shocking news as those guys are usually against BItcoin. It's also a good news for Bitcoin and crypto community

[Juggy777]

More good news just out for BTC:)

US Congress Just Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology:

https://dailyhodl.com/2018/03/19/us-congress-releases-extraordinary-report-praising-cryptocurrency-and-blockchain-technology/

Most of the article is based on blockchain which is good but there is few positive for bitcoins, which is good to see. They're finally understanding the potential of bitcoins and I hope this encourages many people to get into bitcoins. I feel this news should easily take us past 11k which we been stuck on, I'm sure this is the news we been waiting for.

[nikolastech]

Hope you guys getting on the BTC train we going up a lot from here.
And congratulation to the ones already on it

[RAMSHIVDEEPAK]

awesome news for crypto world.I hope ,it will give some green graph.I am bored seeing RED RED AND RED.

[Lieldoryn]

I hear this news all the time, but there's never any action behind it. We still see the emergence of periodic problems with the conversion of cryptocurrencies into Fiat. In all countries, there is no certainty at the legislative level. But it seems to me that this topic is most interested in speculators. We are continuously removed from the creation of conditions to bitcoin became the currency.

[ikilledcobain]

The article links the actual report for anyone interested. It can be found here and starts on page 201.

https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf

Pretty positive stuff overall; I wonder who wrote that particular chapter.

[nikolastech]

When we break the 8900 my god it will fly up.

Just wait and  see

[Olega252]

Mankind begins to go crazy when they hear that bitcoin will soon return to its values of 20,000 dollars, and will update new heights, it will break new heights

[Doge dealer]

This is yet another indication of the bright future the crypto currency and by extension bitcoins has , the American congress in their special report did noting other than praise crypto currency and the blockchain technology that supports it , if this is not a green light as far as crypto currencies are concerned then i don't know what is. People, prices are low now please I'm imploring you to make an investment in bitcoins especially as we are about to see amazing and mind boggling occurrences in the very near future.This has only serves to make me more resolute about the future of crypto currencies , and im sure in a few months ill be smiling with all the cash ill be making

[nikolastech]

This is yet another indication of the bright future the crypto currency and by extension bitcoins has , the American congress in their special report did noting other than praise crypto currency and the blockchain technology that supports it , if this is not a green light as far as crypto currencies are concerned then i don't know what is. People, prices are low now please I'm imploring you to make an investment in bitcoins especially as we are about to see amazing and mind boggling occurrences in the very near future.This has only serves to make me more resolute about the future of crypto currencies , and im sure in a few months ill be smiling with all the cash ill be making

Amen , now is the time to fill up the bags i dont think it ever again will be as cheap as now.

[Sexie]

More good news just out for BTC:)

US Congress Just Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology:

https://dailyhodl.com/2018/03/19/us-congress-releases-extraordinary-report-praising-cryptocurrency-and-blockchain-technology/

Such a good news that US praising cryptocurrency. This is  very good indication for all  crypto currency users to to join more bitcoin projects and platforms. By this ,maybe no more banning  for crypto from social media and Google. The rising of crypto will continue  blowing. This overwhelming news can attract investors and join the blockchain technology. Afterall, the super power country , USA, is the biggest support of this greatest invention of century.

[BitHodler]

I don't see why people get so excited about this nonsense? It's just standard gibberish not adding anything of value. It once again shows how easy it is to make people believe something.

Governments will use the blockchain to rebuild the entire financial system in a way that it allows them to control each and every aspect with iron fist. All financial institutions from that point will technically be redundant.

Where governments set up the rules for financial institutions externally right now, they can force it through instantly at any time with the control they will have at that point. Say goodbye to freedom.

It's no longer the bank rejecting you from their services, but the government.

[Irsanhadi]

good news for bitcoin, this will make the bitcoin price better. praise for cryptocurency and blockchain technology like this will have a positive impact.