Topic: PM of Malta tells UN that crypto is the inevitable future of money - page 2. (Read 547 times)
October 02, 2018, 07:37:36 AM
I heard that the PM of Malta holds a lot of Bitcoin. This country is no doubt the most opened one for the cryptocurency market and a whole lot of projects want to register there to benefit from the whole ecosystem.
October 02, 2018, 07:30:16 AM
Its good news and good publicity. It might stimulate a bit more interest in crypto,
like bitcoin and while bitcoin and friends are the only crypto working now each
country will be creating their own centralised crypto, i recon this is what he is
talking about.
like bitcoin and while bitcoin and friends are the only crypto working now each
country will be creating their own centralised crypto, i recon this is what he is
talking about.
October 02, 2018, 06:58:26 AM
yes Crypto is making small steps at a time and thats great! especially as more and more UN projects are going blockchain!
October 02, 2018, 06:21:29 AM
We need more people like this, people in positions of power, who realize the potential of this technology and are willing to preach it to other world leaders.
I also agree that we need people who are in a good economic and political position to spread the word about bitcoin, but this will be more effective if those people who are in a high political and economic position show that they can have bitcoin, show that they use bitcoin or some altcoin. What happens and the following: Many government leaders, many bankers, many millionaires and many politicians only talk about bitcoin, some speak badly about bitcoin and others speak well about bitcoin, but few of them openly tell how many bitcoin they have and how often they use it bitcoin.
I think this is progress.
but we are still far from ideal compared to how many countries there are in the world and how many of them follow the same path as Malta, Japan and South Korea
one small step at a time.
we walk with tortoise steps
October 02, 2018, 04:01:22 AM
What Ivan's argument from the episode linked above it was that if Malta wasn't going to do it, someone else would.
I don't fully agree with that, I think it's important to turn as many countries bitcoin friendly as possible. It's interesting to remember how much money bitcoin and crypto in general draw when it comes to investment. I think this decision was all about drawing money to malta. They used blockchain the way bankers and investment people use it.
It might be a nitpick but it shows that they are not interested in the ethos of bitcoin, they are more interested in making money.
I don't fully agree with that, I think it's important to turn as many countries bitcoin friendly as possible. It's interesting to remember how much money bitcoin and crypto in general draw when it comes to investment. I think this decision was all about drawing money to malta. They used blockchain the way bankers and investment people use it.
It might be a nitpick but it shows that they are not interested in the ethos of bitcoin, they are more interested in making money.
October 01, 2018, 07:06:57 PM
More government leader realize that cryptocurrency is the future of currency. I am believe crypto will be popular and used by most people in the earth because its much secure and safe than paper money
October 01, 2018, 05:19:04 PM
Very welcoming development. Bitcoin is gradually and steadily pushing forward into the minds of people. Very soon, with time, it will come to be the new face of money. So many world countries already know but are afraid to adopt it because they fear for things involved.
October 01, 2018, 04:45:35 PM
There is an episode of Good Morning Crypto about that.
I'm going to link it here Malta PM: Crypto is the Future of Money, Huobi EOS Manipulation
by Ivan on Tech on YouTube
I'm going to link it here Malta PM: Crypto is the Future of Money, Huobi EOS Manipulation
by Ivan on Tech on YouTube
October 01, 2018, 04:39:59 PM
behavior of the Prime Minister of Malta, is the boldest Regarding of crypto as a whole
Everyone Ignores of it or prohibits encryption based on the fear of the unknown
Putting the case on the table In front world leaders in the largest international forum is a good step that needs next steps.
Everyone Ignores of it or prohibits encryption based on the fear of the unknown
Putting the case on the table In front world leaders in the largest international forum is a good step that needs next steps.
October 01, 2018, 11:17:17 AM
Well at the very minimum it gets crypto in the minds of leaders at the United Nations and starts to get them to understand they will need to adapt to it's use in their countries.
I personally feel they do not care two shits about a comment made by a PM of one of the smallest countries in the world. They
either have more pressing matters to attend to or they have a specific mandate to perform and they are focussed on that. We
are grabbing at little straws to garner attention from these people and they could really care less. Let's rather focus our
attention on growing adoption and getting their attention with mainstream pressure.
October 01, 2018, 04:19:07 PM
Consider Malta's position. It's a tiny island nation with few natural resources. Its economy is totally dependent on human resources and foreign trade.
Malta is the top regulator of the global online gaming industry. It represents over 12% of its national economy now. So they have strong incentive to push this narrative -- they want to bring their Igaming regulation model to cryptocurrency exchanges and services.
Agreed. People are grasping at straws.
Malta is the top regulator of the global online gaming industry. It represents over 12% of its national economy now. So they have strong incentive to push this narrative -- they want to bring their Igaming regulation model to cryptocurrency exchanges and services.
I personally feel they do not care two shits about a comment made by a PM of one of the smallest countries in the world.
Agreed. People are grasping at straws.
October 01, 2018, 11:19:43 AM
If the high class people are come to this side and government official comes to this side so may this show a big rise of bitcoin price while it is also using as asset so that's why people every time interested to use it and in the international trade this currency is highly useful while this is less costly than any other currency. It is a great achievement of the PM Malta that he is the favor of crypto and he shows the benefits of the crypto to the UN.
October 01, 2018, 11:12:36 AM
At least their PM is somewhat open to any possible change in the society in the future, unlike any other countries who are still against the growth of cryptocurrencies and still pushing their own state-issued 'tokens' (lol). This might not change anything significant in the markets right now, it's still a small step towards global acceptance on the emergence of crypto. We're in the age of digitization and frankly, this PM knows something about the short-term future that other leaders are not seeing.
October 01, 2018, 10:42:08 AM
Well at the very minimum it gets crypto in the minds of leaders at the United Nations and starts to get them to understand they will need to adapt to it's use in their countries.
I personally feel they do not care two shits about a comment made by a PM of one of the smallest countries in the world. They
either have more pressing matters to attend to or they have a specific mandate to perform and they are focussed on that. We
are grabbing at little straws to garner attention from these people and they could really care less. Let's rather focus our
attention on growing adoption and getting their attention with mainstream pressure.
October 01, 2018, 10:32:44 AM
Thank for your sharing! Maybe you can be surprised by this news but for me, it is not too new. I have realized that from last year when the crypto rised to the top. You can look the past to know. At the first time, people use commodity to exchange. Next, we use gold, silver to buy commodity and now we use cash or official money. So, there is no reason to suppose that crypto will replace traditional currency
October 01, 2018, 10:15:27 AM
As much as how I'm happy for Malta, and how happy I am for cryptocurrencies getting the publicity it deserves, I think this is probably just the prime minister to get Malta to actually be a relevant country. LOL. It's definitely working though; and I like it.
Crypto alone can not make Malta a relevant country on the world stage, I think it would take much more than that. I assume they want to be the Crypto version of Switzerland.Exactly, they're just a small country but they want to be a leader in blockchain technology so perhaps they wanted to push it on the world stage such as in the UN assembly.
Remember that Binance and other crypto exchanges are moving to Malta so I wouldn't be surprised that it will be another blockchain/crypto hub like Switzerland.
October 01, 2018, 10:03:30 AM
This is a wonderful news. At first, thank you for sharing this great news. Cryptocurrency is getting popularity from everywhere, even the prime minister is talking about it! Crypto industry deserves it. I think Malta residence will be very happy and they will engage in crypto more than before.
October 01, 2018, 09:55:17 AM
Well his words are quite consistent with his actions, considering Malta's crypto-friendly climate. I wonder why he would say that to a UN assembly though. Does he want other countries to take the same stance? Or is this self promotion of some sort?
Either way, it's nice seeing countries focusing on what good things certain technologies can bring rather than being antagonistic because of their pitfalls. It will be cool if they can turn the blockchain island plan into a reality.
Either way, it's nice seeing countries focusing on what good things certain technologies can bring rather than being antagonistic because of their pitfalls. It will be cool if they can turn the blockchain island plan into a reality.
October 01, 2018, 09:53:48 AM
well cryptocurrencies mostly bitcoin is here to stay and it is a serious thing. the technology itself is a very great one with a good amount of power to offer and it can be used in many fields although we have only seen it in cryptocurrency form. so every country needs to think and they need to do it fast. and those who get on board in early stages will be advanced in the field in a couple of years.
October 01, 2018, 09:46:57 AM
As much as how I'm happy for Malta, and how happy I am for cryptocurrencies getting the publicity it deserves, I think this is probably just the prime minister to get Malta to actually be a relevant country. LOL. It's definitely working though; and I like it.
Crypto alone can not make Malta a relevant country on the world stage, I think it would take much more than that. I assume they want to be the Crypto version of Switzerland. Jump to: