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RE: Breaking news: China's Central Bank bans Initial Coin Offerings

in #bitcoin7 years ago (edited)

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.

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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