You shouldve put that whole sketch up from southpark. China has done something like this numerous times over the years, that sketch is about when china attempted to ban bitcoin. Short term this is important but long term I don't see this having any effect on crypto
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The biggest sketch is running the biggest ponzi debt bubble the world has ever seen and then 'regulate' ICOs because 'stability threat'.
But I welcome this sector growing up. Makes people think more clearly before launching bank ICO. Wishing regulators be gone is wishful thinking.
I agree, crypto is a completely new thing that governments really don't know what to do with. It is essentially the internet 2.0. Governments may try to ban certain aspects or regulate others, but it will be much more difficult than traditional banking systems.
What is this pocketsend thing?
Pocketsend is a token issued as subchain on the Steemit chain. There is no real use but we could use it to tip each other. Upvotes are rather scarce these days with effectively only 10 votes per day.
You can read more about Pocket here: https://steemit.com/pocket/@wekkel/pocket-token-steemit-s-own-tipping-coin
pocketsend:100@jasonshick
Successful Send of 100
Sending Account: wekkel
Receiving Account: jasonshick
New sending account balance: 999200
New receiving account balance: 99
Fee: 1
Steem trxid: 4de1a967e0c9f0389e0efcc6e1025451542c9dee
Thanks for using POCKET! I am running this confirmer code.
Successful Send of 100
Sending Account: wekkel
Receiving Account: jasonshick
New sending account balance: 999200
New receiving account balance: 99
Fee: 1
Steem trxid: 4de1a967e0c9f0389e0efcc6e1025451542c9dee
Thanks for using POCKET! I am running this confirmer code.