Forbes: "USA Is Worried About Bitcoin And It’s Finally Doing Something About It" - page 2.

squatter

legendary

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STOP SNITCHIN'

Quote from: the_poet on February 19, 2020, 02:26:33 PM

Looks like things are getting serious...

https://www.forbes.com/sites/billybambrough/2020/02/18/the-us-is-very-worried-about-bitcoinand-its-finally-doing-something-about-it/

Keep in mind, this is not a real Forbes article. It's part of their "contributor" network and comes with a disclaimer:

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Opinions expressed by Forbes contributors are their own.

As stompix pointed out, it's just a clickbait title. Not only is this small research project about the US Dollar's reserve currency status -- not Bitcoin -- but if you look at the listing, this is the only mention of either "bitcoin" or "cryptocurrency":

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Many cryptocurrency enthusiasts predict that either a global cryptocurrency or a national digital currency could undermine the U.S. dollar.

That doesn't imply anything about what the US government thinks, just cryptocurrency enthusiasts.

bittraffic

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Quote

Now, the U.S. has admitted bitcoin and cryptocurrency could undermine the dollar's status as the world’s reserve currency—and it wants to find out exactly how bad for the country, its economy, and security that could be.

BTC can be a world reserve currency too.

Its best to just let BTC alone though after all its just made out of thin air as Trump said. There isn't really much things are to be done with BTC because its borderless. Countries had banned it years ago but had still made it to their country. So whats there to be serious is to accept BTC after all they had already started collecting taxes from its investors and holders.

gentlemand

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Welt Am Draht

Much of the world would love to get rid of American influence. It hasn't exactly benefited many other countries.

They should be looking at attempts to unseat them with other fiat currencies and if they can't figure out that driving Bitcoin out into other countries could wind up nailing them up the botty too then they're even stupider than they look.

stompix

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Blackjack.fun

Quote from: the_poet on February 19, 2020, 02:26:33 PM

Looks like things are getting serious...

Serious? What's that "serious"?

U.S. Office of the Director of National Intelligence wrote in a job listing earlier this month, calling for two researchers to evaluate the impact of the U.S. dollar losing its status as the world reserve currency.
https://www.zintellect.com/Opportunity/Details/ICPD-2020-02

They've asked for two researchers to write a paper on :

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Evaluating the Impact of U.S. Dollar Losing its Status as World Reserve Currency

And it means they are getting "serious" ?

Here is one from 4 years ago:

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The technologies offer great benefits yet pose potential security problems or unintended ethical consequences. A large number of these emerging technologies are potentially open to compromise or attack by outside entities, which may lead to unplanned results if acquired by persons with nefarious intent. The goal of this effort is to determine what vulnerabilities exist within emerging technologies, and how the technology user can guard against these or other vulnerabilities. Tools and techniques may also be developed to examine vulnerabilities.

Various emerging technologies of interest include, but are not limited to:
Cryptocurrencies

Another one 2017:
https://www.zintellect.com/Opportunity/Details/IC-17-09

There are hundreds of those studies, nobody is getting "serious"!
The only one with a "serious" problem is ~~Tom Bombadil~~ Billy Bambrough who as a contributor must write an article every day for Forbes to get his paycheck, no matter how stupid the theme is
https://www.forbes.com/sites/billybambrough/#c281b796a896

AGD

legendary

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Keeper of the Private Key

Soon they'll find out what even newbies in this forum already know: that a decentralized structure is very hard to fight. Cool

The Sceptical Chymist

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Top Crypto Casino

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"There are many advantages for U.S. national security to have the U.S. dollar as the world reserve currency," the job post, which has a deadline of the February 28, read, pointing to the combat of financial crimes, the prevention of terrorism and the development of weapons of mass destruction, the ability of the U.S. to sanction other countries, cause financial instability in global markets.

That's all well and good, but bitcoin isn't going to threaten the US dollar. It's been more of an investment than a currency since its inception; it's global; and the US dollar is waaay too dominant to be replaced by bitcoin. This is a bunch of propaganda BS, nothing more. The US government should be ashamed of itself for a lot of things, but it really irritates me when politicians and bureaucrats spout nonsense like this.

OP, even though I hate what was said in that article, thanks for posting the link to it.

AjithBtc

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Quote from: the_poet on February 19, 2020, 02:26:33 PM

Looks like things are getting serious...

https://www.forbes.com/sites/billybambrough/2020/02/18/the-us-is-very-worried-about-bitcoinand-its-finally-doing-something-about-it/

It is good to brief the information provided in the article and tag the link as the reference source. Anyhow there is more and more adoption of bitcoin all around the world. When it comes to USA, the growth level is high and now a supportive news has come out stating that the USA government is planning to provide tax free investment with bitcoin. To what extent this is gonna be true need to be analysed.

the_poet

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Bitcoin accepted here

Looks like things are getting serious...

https://www.forbes.com/sites/billybambrough/2020/02/18/the-us-is-very-worried-about-bitcoinand-its-finally-doing-something-about-it/

Topic: Forbes: "USA Is Worried About Bitcoin And It’s Finally Doing Something About It" - page 2. (Read 394 times)