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Author Topic: Good news coming from Brian Brooks OCC of the Trump administration?  (Read 41 times)
Bergkampsballs (OP)
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December 04, 2020, 09:49:45 PM
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“We're very focused on getting this right. We are very focused on not killing this, and it is equally important that we develop the networks behind Bitcoin and other cryptos as it is that we prevent money laundering and terrorism financing.

I think you’re going to see a lot of good news for crypto by the end of the Trump term. Some of it is going to have to do with banks connecting to blockchains, some of it is going to be more clarity around the nature of these assets.”

https://cointelegraph.com/news/occ-leader-brian-brooks-nobody-s-going-to-ban-bitcoin

Hopefully this might mean some good news incoming?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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December 05, 2020, 09:48:07 AM
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The definition of good news varies according to what a person wants from investing in bitcoin, so accepting Bitcoin in financial systems necessarily means subjecting all transfers to verification of identity and criminalizing the anonymous use of these currencies or at least setting minimum limits for the identity request with full tax disclosure, which is against the decentralized nature For these coins.

Also, accepting it legally means reviewing prices and fluctuations, which may not push the price up much, which is something that will make many people not invest in it, especially since a part of them aims to make profits.

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