THIS TIME IS SERIOUS. The United States Congress: “Digital currency: the future of money”

in community •  6 years ago  (edited)

“US Lawmakers will gather tomorrow to discuss cryptocurrencies in a hearing entitled: "Digital Currency: The Future of Money”.


The Hearing will commence on July 18th at 2 pm EST and will be held by the Subcommittee on Monetary Policy and Trade. According to the memorandum, the hearing will consist of one panel comprised of the following witnesses:

“This hearing will examine the extent to which the United States government should consider cryptocurrencies as money and the potential domestic and global uses for cryptocurrencies. The Subcommittee will evaluate the merits of any uses by central banks of cryptocurrencies, and discuss the future of both cryptocurrencies and physical cash.”

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The headline says it all which was a matter of time only. Democracy put on a mathematics, structured by technology can never be ignored, no matter how big a government is.

Well said 👊

sharing a nice post dear @melip
@upvoted & @resteemed

Thanks for informative post. @melip

  ·  6 years ago (edited)

What interesting news, that the Congress of the United States of America, meet to discuss the Digital Currency, is an important step of the American legislators, as I told you last time, the world economy is about to break the paradigms commercials.This news will be forwarded to my followers

hola melip.buen dia para ti,saludos

that's a great news @melip
@upvoted & @resteemed

good news @melip
@upvote & @resteem is done

Let's see what comes out of this meeting I think just as much the digital currency is the future is very close even you are already watching

Greetings from Venezuela I am a new follower

Hi @melip :)

👋

😊👌

In principle, this sounds like a good thing, but to give that power to central banks to control will at best be redundant. The ledger and built in inflation rates perform the duties of the central banks to start.

At worst; central banks will just use this power to best determine how to manipulate the algorithms to their own benefits. This would offset any benefits cryptocurrencies bring to the table to start.

I totally get your point however, you and I, and many people that understand the evolving algorithmic side of blockchain and crypto know that this can’t be altered nor modify without us knowing about it.
If this happens, then we’ll know for sure decentralization and our power to choose will take effect.

True, and IMO, if central banks were to play a role in crypto, the service would best be performed as a type of enforcement of the rules. To ensure that the markets are actually making apples to apples comparisons in terms of pricing (ex: bth <-> steem) but sitting back and allowing the tasks to be performed.

Also, would be important that the capacity of the currencies be able to accommodate the 10's of millions of transactions per second required of a real world currency.

I'll stop there for criticism and keep an eye on the good, that this is a real move to what many have wanted to see from crypto since it became a thing.

We are already feeling some bull pressure, and I really think this will take us immediately to $8K, and eventually to $10K-$12K. Crypto has been preparing itself to reach the moon and FOMO will be back very soon.

Let´s hope a lot of good news come out of that gather!

We’ll see. Thank you for your comment 👊

Your welcome, your post attracted me and I had to try adding some value to it!

👊

saludos melip buen post como esta todo

Es cierto ya es tiempo de que el gobierno de los Estados Unidos de America tomen en cuenta el uso de las criptomonedas para el futuro. Saludos @melip

well discussion is great as they will also came to know about its merits :)

  ·  6 years ago Reveal Comment

There’s nothing to read lol 😆😆😆

This will take place on my birthday. We must wait to see what happens

It’s going to be a great day then 😊