G20 Press conference on crypto assets and cryptocurrencies

deobrands (50) in cryptocurrencies • 7 years ago

G20 is calling for a better understanding off crypto assets and cryptocurrencies.

The G20 is still grounded in the old world but they are getting ready for a new world :) It is to us as an industry to do good and build a better world and show the current power structure that this new innovation (blockchain, crypto assets and cryptocurrencies) are something good for this world.

It is time for execution and building a strong foundation so powers that are against innovation for all cannot go around us any longer. Let’s move forward united as one front and build a better world together.

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7 years ago by deobrands (50)

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sagarthukral (62) · 7 years ago

After looking into various government meetups, I have come to a conclusion that most of the countries are not against cryptocurrencies, they just either want to tax it or regulate it. Regulations will come in this industry sooner or later and they would only encourage other people to join it as it would look more legit.

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deobrands (50) · 7 years ago

I do agree and all off us should do good and focus on building awsome stuff :D

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sagarthukral (62) · 7 years ago

Absolutely, I am bullish on crypto in long run and I believe our patience will be rewarded.

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godsngh1 (48) · 7 years ago (edited)

i came across an article which states in the constitutional law that
taxes can not be paid on thing that cannot be seen.

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zoidsoft (62) · 7 years ago (edited)

Looks fairly predictable. They will look into regulation and haven't fully grasped the irrelevance of their positions of authority. When they do, they will panic and the situation could turn bad in various areas around the globe. We could end up with a digital panopticon for a while, but it won't last. State crypto and the eventual illegality of non flag money will eventually cause an equity drain in addition to centralized data hacks that compromise the security of everybody. Eventually authority will have to accept the paradox that for safety, they must lose control. They don't understand that they are the source of all the trouble.