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RE: Market update Wednesday February 7th 2018
Thank you for this. We were in need of some good news. I am so glad we got it today. the US news is not 100% conclusive but it does have some optimism that they will be fair. What do you think about that?
Blockchain technology undoubtedly goes hand in hand with the tech leaps we will take in the near future. It will advance human kind exponentially. They understand this, and will therefore not destroy it. They will probably grant us some freedoms, like peer2peer investing/microloans etc. The ability to invest directly through ICO's will be allowed I think. But they will regulate it. Furthermore, they will try to regulate the shit out of pure currencies like Bitcoin.
I don't know the ultimate outcome. All I do know is that they can't ban it, plus why would they? It would destroy regulation and imply totalitarianism. Some things they can't stop..but they can regulate and slow it down and make it not as great as it could be. Exactly like with capitalism and free markets. We have SOME of it..some fragments of capitalism and free markets. But with a lot of regulations and government interventions and taxes etc. This slows down our wealth, progress and future. That's just what governments to. Their job is to slow down those who create and produce and give some of the results of productiveness to people who have less productive lives. And taking a cut. They are legitimate mafia. Nothing more nothing less.
As long as they make sure they get their taxes, they don't give a shit if cryptocurrencies win. Taxes is the key element here. Without taxation they lose their power.
Granted freedoms are just a pale illusion of the real thing....I'm feeling philosophical today.
Thanks for your thoughts. This is going to be an important month because the US is saying they will lay out what regulations they will put on the industry. Then we will all know what has to happen next. Same with China and India I am hearing. Are you hearing the same things?