[2018-10- 04] UK Finance Minister Believes Blockchain Could Solve Brexit Border

[cryptonandi]

Article - https://cryptoshib.com/believes-in-blockchain/

[gentlemand]

"The Minister has however made it know that his statement should not be held on to, as he does not really know much about blockchain technology"

This has nothing to do with 'blockchain' and everything to do with grabbing at Brexit straws with buzzwords that might distract or reassure people for long enough to dupe them. The British government has basically done NOTHING about crypto for better or worse. All we have for nearly ten years of existence as far as I can tell is 2-3 pages from the tax man.

[DooMAD]

"The Minister has however made it know that his statement should not be held on to, as he does not really know much about blockchain technology"

This has nothing to do with 'blockchain' and everything to do with grabbing at Brexit straws with buzzwords that might distract or reassure people for long enough to dupe them. The British government has basically done NOTHING about crypto for better or worse. All we have for nearly ten years of existence as far as I can tell is 2-3 pages from the tax man.

It's mostly a distraction to make people look elsewhere while they continue selling public assets to their wealthy friends at bargain-basement prices.  And even if they did care about blockchain technology, this is the same government that genuinely thought they could ban encryption.  They're far too ignorant and incompetent to do anything constructive for crypto.  It almost sounds like you think it's a bad thing they've had no involvement whatsoever, but I'd argue that's the best outcome we could ever hope for, heh. 

[gentlemand]

It almost sounds like you think it's a bad thing they've had no involvement whatsoever, but I'd argue that's the best outcome we could ever hope for, heh. 

For better or worse it is. It can't take over the world without some vague acknowledgement from government. Better something pops out now that's reasonable that can be built on than some knee jerk panic several years down the line.

If the British government could've been arsed to do something it's possible British banks would've been more amenable to crypto business and the UK would not be the wasteland it is compared to elsewhere.

[DooMAD]

Better something pops out now that's reasonable that can be built on than some knee jerk panic several years down the line.

That's precisely the part which I find very concerning.  Again, the tories somehow believed they could ban an entire branch of mathematics due to vague and indistinct concerns over terrorism.  They don't know the meaning of the word "reasonable".  

Tory 1: "But dangerous people might communicate with each other using encrypted networks."
Tory 2: "Well, there's no other solution, we'll just have to ban numbers."
Tory 1: "Great idea, we'll announce it during PMQs!"

*shudders*

Not even a pause to consider the implications.  They didn't check with any of their own intelligence services first (which, as it happens, advocate greater public education about encryption).  They didn't even ask big businesses what they thought of the idea or what risks it might pose to the economy.  They just went ahead and announced what they thought they were going to do.  Nothing but blind, reactionary ignorance.  

[LeGaulois]

Brexit sold by liers, now people already regret their vote while Brexit is not yet. Madam May dancing like a robot at meetings and Minister want the blockchain to help

There is another politician who was pushing the blockchain during a parliament meeting. People were looking at him like 

[hotforblockchain]

UK will be in deep trouble and most of them dont know it yet, almost all of the populists who used their twisted shit brexit promotions to get power ,are long gone and now the people are left hanging.

Regarding the crypto, i can see scenario where crypto become a major player in ther economy. One of the factors fot his to happen is that with brexit SEPA payments are cut off from UK, this means that their money transfers would take a long time as in old days which will HURT their economy and annoy citizens.