You are viewing a single comment's thread from:

RE: The US Government Clamps Down on Ability of Americans To Purchase Bitcoin

in #bitcoin7 years ago (edited)

Even if they do impose some regulations I suspect that they will eventually roll them back as corporations learn how to get their cut of the profits. I was just reading an article that's a year old about The Hyperledger Project, "an open-source cross-industry endeavor focused on blockchain technology and led by the Linux Foundation." The article goes on to reveal the big players involved. "Early reports revealed technology giant IBM to be among the proponents for the endeavor that also counts several prominent banks such as JP Morgan and Wells Fargo." Also, "Apache web server’s primary developer and former Mozilla Foundation member Brian Behlendorf was instated as the project’s executive director." With such big players involved I'm thinking that they will use regulation to try to funnel the resources of the blockchain environment until they can figure out how to pool them, but that they will stop short of trying to shut it down. At least that's what I'm hoping.


Sort:  

indeed some of the largest corps and banks in the world have been paying attention to cryptos since early on. especially huge list on the Enterprise Ethereum Alliance: https://entethalliance.org/members/
still i feel they've missed their chance. they either didn't have faith in cryptos or were far too confident in their plans to act in time. they have a host of other issues to deal with now, and don't have the resources to prevent the rise of cryptocurrency. liberation.