Daily Sept 3rd.
0:51 Market Recap
2:25 Ukraine to Decide Legal Status of Cryptocurrencies in 3 Weeks
3:06 China Spotlight: ICOage suspend its operations
4:19 China Spotlight: Bikan Summit Cancelled
5:59 China Spotlight: Regulations = Good?
9:00 Upgrade time
http://boxmining.com/icoage-suspends-operations/
http://boxmining.com/bitkan-summit-postponed
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Alot of action out of central banking front today. They are about to make a move i fear. Thanks Micheal.
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gracias por compartir este contenido con nosotros te di un voto espero que te guste
Many (most?) governments don't quite know how to react and deal with Bitcoin and cryptocurrencies. They are concerned these coins will pose an increasingly significant challenge to their currencies - the latter they can control. But not with cryptos. The total value of BTC etc. may be just a fraction of fiat currencies of many countries right now. However, governments know it will definitely increase.
Another reason is that governments don't know yet how to get a cut from their citizens' involvement and usage of cryptos. If there's some mechanism where these governments could get a cut of the action, I'd bet they will be a lot more supportive. Like with the "stamp tax" and such imposed on each transaction in the stock market.
I believe the more forward-looking governments will find ways to accommodate and coexist with cryptos. Provided they can collect some tax on it.
nice post,
Oh snap Bitkan cancelled... that had a lot of the big names
Please also upload to dTube.video not only youtube
You make a good argument. There is both good and bad that can come out of this. But panicking about it right doesn't help anything. A free market does weed out the bad apples, but it does take some people to eat them first. So yeah there will most likely people that lose out. Fear usually is your worst enemy.