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Topic: NEWS US Congress Releases Extraordinary Report Praising Cryptocurrency (Read 486 times)

full member
Activity: 658
Merit: 102
This is one of the good news lately. It is from such news coming from authoritative state bodies that the public's opinion on the crypto currency is formed. If there are more such news, then people will not argue that the crypto currency is fraud. Right now we do not have enough of such news, and so many more can not be determined how they should treat the crypto currency.
member
Activity: 224
Merit: 19
More good news just out for BTC:)

US Congress Just Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology:

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

This news is really awesome, now they realized the benefit of crypto currency and block chain technology. With the report that they release there is one thing that caught my eye right away.


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.”

My question is are they really open on changing the $, what will the billionaires would do if this happen.
hero member
Activity: 3080
Merit: 603
Wow this is a very good news. Seems like some other speculations are starting to happen. I have read there is someone that said that we are still in the early years the same time with internet so its 90's of the internet era. And this article is saying it! This made my morning to wake up lively after reading the article.
here we come 10000 Smiley
What if here we go $20,000?  Cool
full member
Activity: 1134
Merit: 103
The world will accept crypto eventually. It just take time for each country to regulate ( or try to control ) it. They can't deny or abandon it.
The thing we only can do is just watch the show.

We are aiming to it because many people have invested millions and millions of dollars into crypto. So government should take measurements and find the potential about the cryptocurrency. Already we have seen the technology behind the Bitcoin and globally the technology is improving.
newbie
Activity: 100
Merit: 0
As an investor when I heard this news I was really happy, I hope the market will go up in the future
legendary
Activity: 2898
Merit: 1823
More good news just out for BTC:)

US Congress Just Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology:

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

Most of the article is based on blockchain which is good but there is few positive for bitcoins, which is good to see. They're finally understanding the potential of bitcoins and I hope this encourages many people to get into bitcoins. I feel this news should easily take us past 11k which we been stuck on, I'm sure this is the news we been waiting for.

But we should highlight the fact that some of those points made in the article are not true. Blockchain is not efficient and it will not transform "many" industries simply because most of those industries have no use for a decentralized blockchain.
jr. member
Activity: 95
Merit: 1
Here we go up again get in the money Train Smiley
member
Activity: 490
Merit: 11
More good news just out for BTC:)

US Congress Just Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology:

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

        Yes this is not only a good news but an extraordinary news for cryptocurrency like bitcoin and any alternative coin,when they are praising crypto and blockchain technology, it is just like they are tossing up cryptocurrency, and because of their influence to the most of the country, I am very sure,many of them will follow.
         
jr. member
Activity: 95
Merit: 1
jr. member
Activity: 95
Merit: 1
Very true audaciousbeing: 1. It shows the practical use of the blockchain beyond the theory even with real life examples of how its being experiment upon by reputable companies and there was an unequivocal statement that blockchain is secure and efficient.

2. For the fact that this news is coming from the US with the influence that the country has.


It was a super good news for BTC and what we needed.
hero member
Activity: 1330
Merit: 569
I don't see why people get so excited about this nonsense? It's just standard gibberish not adding anything of value. It once again shows how easy it is to make people believe something.

Governments will use the blockchain to rebuild the entire financial system in a way that it allows them to control each and every aspect with iron fist. All financial institutions from that point will technically be redundant.

Where governments set up the rules for financial institutions externally right now, they can force it through instantly at any time with the control they will have at that point. Say goodbye to freedom.

It's no longer the bank rejecting you from their services, but the government.

I am not sure you read the report being referenced to here because if you had, you would see that its not only about government that is being discussed there. One sure thing that we cannot do without is government involvement which will come no matter how is crave for it or we detest it nothing can be done about it. However, for bitcoin to get to that point it must survive first in other to get the attention which is why this news is worth to be rejoiced over in my own two ways:

1. It shows the practical use of the blockchain beyond the theory even with real life examples of how its being experiment upon by reputable companies and there was an unequivocal statement that blockchain is secure and efficient.

2. For the fact that this news is coming from the US with the influence that the country has, is enough to be joyous about regardless of whether its going to be short lived and if promoted well, it might result in a surge. Friend let's focus on the positive.
newbie
Activity: 137
Merit: 0
good news for bitcoin, this will make the bitcoin price better. praise for cryptocurency and blockchain technology like this will have a positive impact.
legendary
Activity: 1526
Merit: 1179
I don't see why people get so excited about this nonsense? It's just standard gibberish not adding anything of value. It once again shows how easy it is to make people believe something.

Governments will use the blockchain to rebuild the entire financial system in a way that it allows them to control each and every aspect with iron fist. All financial institutions from that point will technically be redundant.

Where governments set up the rules for financial institutions externally right now, they can force it through instantly at any time with the control they will have at that point. Say goodbye to freedom.

It's no longer the bank rejecting you from their services, but the government.
member
Activity: 420
Merit: 10
More good news just out for BTC:)

US Congress Just Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology:

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


Such a good news that US praising cryptocurrency. This is  very good indication for all  crypto currency users to to join more bitcoin projects and platforms. By this ,maybe no more banning  for crypto from social media and Google. The rising of crypto will continue  blowing. This overwhelming news can attract investors and join the blockchain technology. Afterall, the super power country , USA, is the biggest support of this greatest invention of century.
jr. member
Activity: 95
Merit: 1
This is yet another indication of the bright future the crypto currency and by extension bitcoins has , the American congress in their special report did noting other than praise crypto currency and the blockchain technology that supports it , if this is not a green light as far as crypto currencies are concerned then i don't know what is. People, prices are low now please I'm imploring you to make an investment in bitcoins especially as we are about to see amazing and mind boggling occurrences in the very near future.This has only serves to make me more resolute about the future of crypto currencies , and im sure in a few months ill be smiling with all the cash ill be making

Amen , now is the time to fill up the bags Smiley i dont think it ever again will be as cheap as now.
sr. member
Activity: 462
Merit: 252
This is yet another indication of the bright future the crypto currency and by extension bitcoins has , the American congress in their special report did noting other than praise crypto currency and the blockchain technology that supports it , if this is not a green light as far as crypto currencies are concerned then i don't know what is. People, prices are low now please I'm imploring you to make an investment in bitcoins especially as we are about to see amazing and mind boggling occurrences in the very near future.This has only serves to make me more resolute about the future of crypto currencies , and im sure in a few months ill be smiling with all the cash ill be making
full member
Activity: 560
Merit: 100
Mankind begins to go crazy when they hear that bitcoin will soon return to its values of 20,000 dollars, and will update new heights, it will break new heights
jr. member
Activity: 95
Merit: 1
When we break the 8900 my god it will fly up.

Just wait and  see

sr. member
Activity: 446
Merit: 252
The article links the actual report for anyone interested. It can be found here and starts on page 201.

https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf

Pretty positive stuff overall; I wonder who wrote that particular chapter.
sr. member
Activity: 630
Merit: 272
I hear this news all the time, but there's never any action behind it. We still see the emergence of periodic problems with the conversion of cryptocurrencies into Fiat. In all countries, there is no certainty at the legislative level. But it seems to me that this topic is most interested in speculators. We are continuously removed from the creation of conditions to bitcoin became the currency.
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