Topic: New Report From The US Praises Cryptocurrency (Read 116 times)

You made some good points in your post.
It is important to mention that we as a community, and when I saw community I think of anybody that is an Investor in cryptocurrency, dont do enough to promote positive news, innovation and the technology and solution to problems that many projects bring.
The media and governments are very fast to let us know when Bitcoin has dropped 5 or 10% but they will not mention when Bitcoin is up by 10%. World banks and financial institutions will call cryptos a bubble or a scam but they will not mention that through blockchain it is now possible to send millions of $$ around the world within seconds or a couple of minutes and with minimum and insignificant fees compared with what the bankers take.
Why dont we broadcast this type of news more often? We all use social media, post it on facebook, twitter, share it to big media outlets, get the message out. Make youtube videos if you are good at that. There doesnt have to be a bounty involved for people to spread good things. Its in all of our interest that the market recovers and gains a new bull run.

People need to be made aware of the blockchain and the advantages and use cases it offers and they will not hear about that on the news. I think we all must do a much better job in promoting everything that is positive. When I finish this post I am posting the original article on facebook and twitter, and i will share it around. Tweet it to John McAfee (even if you maybe dont like him) he still has a huge amount of followers. Post it on social media sites of TV stations, news outlets, anything...


Unfortunately this is true. With automation and the use of machines and robots people will lose their jobs. Look at the car industry, robots are now assembling cars. We are looking into a future where autonomous vehicles will deliver packages, bring your food and groceries etc etc. The future jobs will be behind a computer controlling all those machines and programming them.

 

Unfortunately FUD creates more money than fomo does.. its more profitable for whales to position trade in 10-20% increments forever over letting something run. Its become so predictable and profitable I actually almost prefer FUD over fomo.. which is terrible to say.  I'm trying to realign my ethics and think of the future and technology and innovation as what truly matters but I must admit I'm not morally perfect either.

Back to the topic though I think I agree with all of your points.  To me the security piece and trustless nature of blockchain make its use cases almost unlimited... I think of things like voting for example and how easily this could solve some of our current issues with just a few code implementations.. or things like payments.. sports betting.. crowdsourcing jobs like MTurk, anything thats super labor intensive or that can be manipulated with just a rogue person being in the right position.. it gets me really excited for the future... unfortunately the downside of all of this is the more medial tasks that are filled without man labor the higher unemployment will rise.. The combination of blockchain and AI/quantum computing is gonna catch up with us really fast and the world (especially young millenials) will not be prepared for the less oppurtunistic job market they will face with the soaring prices of things like real estate that most will never have the oppurtunity to own.  Its an exciting and scary future ahead..but if we stopped innovation or technology just simply to put more people back to work than we are no better than past generations.. lets push the limits and see what we come up with.

There has been massive amount of FUD recently so this is the type of news we should welcome with open arms, read and share.
Lets hope this will be the beginning of better things to come

Original Source:
https://dailyhodl.com/2018/03/19/us-congress-releases-extraordinary-report-praising-cryptocurrency-and-blockchain-technology/



The US Congress just released its massive joint report on the state of the economy, and for the first time an entire chapter is dedicated to cryptocurrency.


Here’s a look at some of the most interesting aspects of the new report:

Cryptocurrencies Could Outshine Government Fiat

“Some critics of currencies controlled by government fiat welcome cryptocurrencies because their supply is preprogrammed and perceived as unchangeable. For example, only 21 million bitcoins will ever be issued and the last fraction of a bitcoin will be issued in approximately 2140. Additionally, the creator of Ethereum designed its mining reward to decline exponentially as more miners create blocks, and according to his calculations the supply will be just over 100 million ether.”

Blockchain Is Secure and Efficient

“Cryptocurrencies and ICOs create headlines, and the pace of financial innovation in the blockchain space amazes skeptics. Yet, with all the headlines focusing on the financial applications, people may miss the digital revolution now happening with other blockchain applications. Even worse, people could be frightened about new developments with the technology as they associate blockchains with the negative headlines. Blockchain technology offers a decentralized, secure, and efficient way to store almost any form of data across multiple platforms.”

Blockchain May Transform Many Industries

“Developers, companies, and governments recognize the potential and have already starting to implement blockchains for many different uses. For instance, health care providers, patients, and policymakers continue searching for portable and secure ways to store medical records digitally.


The Conclusion

“Technology presents evolving challenges and generates new solutions. Blockchain technology essentially stores and transmits data securely, in large volume, and at high speeds. So far, the technology has proved largely resistant to hacking, and given this feature, developers first applied it to digital currencies. Yet blockchain has many more potential applications, such as portable medical records and securing the critical financial and energy infrastructure that the Report identified.”