Some of These People Really Look Clueless.
This is What It Looks Like When Government Talks About Regulation.
US Gov Hearings Examining the Cryptocurrencies and ICO Markets.
7 years ago by hilarski (76)
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In case you were wondering about Representative Dickhead who insisted that it had no use case - the one who said something along the lines of "Just you wait till some terrorists attack something after being funded with crypto". That piece of shit was bought and paid for by an industry that feels threatened by this new technology.
Don't take my word for it, review his campaign finances for yourselves. https://www.opensecrets.org/members-of-congress/summary?cid=N00006897
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They say they want to 'protect investors' but create so much FUD in the process that investors get rekt anyway!
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They talk about "protecting retail investors," when in reality all the laws that allegedly protect retail investors from losing their money exist to keep poor people from becoming wealthy. You want to invest in a startup at an early stage - when you would see the most return? You need to be an accredited investor, first, for which you need already be in the top 1%. Granting Americans (who aren't accredited investors) more than 50:1 leverage is also illegal - to protect them from losing their money. I guess that one's ok - margin trading is just gambling anyway, right? And since we closed all the Casinos... wait, nevermind.
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Peter Van Valkenburgh, Director of Research, Coin Center making a good point about different kinds of tokens - utility versus fund-raising etc - it's a learning process but good that these folks keep working to move things forward in terms of shared understandings
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Very positive for cryptocurrencies.
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They dont have a clue
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Damn regulators
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Damn
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Banning Bitcoin ? it is possible,blockchain is the future,lets see what will happen.
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Excelente amigo, gracias por ayudarme con tus post a familiarizarme un poco mas con este tema
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Can't even sit through 5 minutes of that. It's gov't beauracracy at it's finest.
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Where will it be so - for them, that's no profit from that.
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the govt fears and that's what i love the most hahah
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protect investors
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Really it is possible,blockchain is the future,lets see what will happen.....
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This is not a good sign guys,support this technology,it has already changed so many of ours life.
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let's protect protect! bitcoin, investors
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Good to examine,but bad if they ban such amazing technology.its weired too.
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hahah that meme govt banning lol they can't do much over the time
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I still don't understand how the plan to regulate it. I understand the fiat gateways are in there jurisdiction and mandate to regulate but Crypto to Crypto, no one can. The protocol self regulates. People say Crypto not regulated, which is not true. The code and economics of the protocol ensure ledger is secure with 100% integrity. Many of these Government people are clueless. They don't even understand it at all.
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I watched this crap for 30 minutes. Did a hero watch the whole thing? What did they decide?
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Crees que sea posible que lo prohíban? no lo creo.
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We as humanity, are on the cutting edge of removing any control our keepers have on us. You My Friend are a huge part of this, Like it or not, Stand tall Brother and be counted. Fear not what they might do to us as an individual, but what they will do if we do not resist. You my man have a new life that you have created, This is your best protection for their future! Soldiers put their lifes on on the line for false reasons. When they fight for US we win. Prostitutes are a dme a dozen, and come in many forms....Just for the fiat! We, for the first time in History can buy them back, and we will! Never back down! When you start to worry about THEIR repecussions to your actions, THEY have already WON!
Love Always
Cody
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every time these bastards open mouth it's like a giant asshole opening with the same foul shit coming out. I pray for goverment-free world during this lifetime. FREE HUMANITY!
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