Rep. Dana Rohrabacher took to the House of Representatives floor on Bitcoins / Blockchain for the Elections?
Dana Rohrabacher says he fears terrorists will use the digital currency for malicious purposes such as Hansa/AlphaBay and other illegal services
“Blockchain technology empowers the good people of the world, but it could be used by those who have goals that are evil,”
Now, I do admit he does have a valid concern for public safety but it is quite the extrapolation..
People have been using FIAT for illegal purposes for years, Why would this be any different with Bitcoin?
Later on in the talk he does say: “Banning digital currencies will not prevent terrorists from using them any more than banning guns will prevent criminals from using them”
Which does show that he has a valid understanding of it's standing.
What are you thoughts on the subject? I believe strongly in cryptocurrencies and hope it will one day be used by society as a whole and even in the American Election?
Interesting Article on the Election Blockchain: http://www.salon.com/2017/07/23/how-the-technology-behind-bitcoin-can-save-our-elections/
Source Rep Dana: http://www.marketwatch.com/story/senior-republican-says-bitcoin-world-needs-to-adopt-know-your-customer-procedures-2017-07-14
Terrorists use knives to behead people and cars to drive into groups of people, with the flawed logic of some politicians we should therefore ban knives and cars!
Utter nonsense...
I completely agree. People are going to, with crypto or with gov't issued currency, will buy the goods and services they desire, even if they are illegal. This war on drugs is not helping anyone, and is a giant waste of time and money. It will be interesting to see something as influential as an election to be based on the blockchain.
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