..

Experts Break Down Future of Cryptocurrencies

Written by:
Guest
Published on:
Mar/01/2018

The Chicago Sun Times sat down with cryptocurrency experts from across the realm at a gathering Thursday night.  Scroll Down for More

Jennifer O’Rourke, who works for the state of Illinois as its “blockchain business liaison,” said the technology is changing the way we interact with government.

“What we’re talking about here is a technology that has the ability to disintermediate some of the trusted participants in a transaction,” she said. “But do I personally think that it has the potential to remove the government from the process? I do not.”

O’Rourke says that traditional financial institutions can be bypassed with cryptocurrencies but that some form of regulation may be necessary.

Most people want drivers on the road to have licenses, she said, and want drugs to be regulated by the FDA.

Rumi Morales, a venture capitalist who specializes in digital currency, sees a decentralized blockchain much more appealing with little if any government intrusion.

She explained that the technology is changing so quickly that it’s difficult for regulators to keep pace.

Colleen Sullivan, a partner at CMT Digital Holdings, stressed how solid blockchain has remained over a nine year span, never once being hacked.

Jimmy Odom, CEO of Bit Capital Group, a startup that works with cryptocurrency miners, expressed concern over the lack of education associated with the cryptocurrency space.

From the Sun Times:

Part of the problem, Odom said, is that the bitcoin craze is causing people to jump into the space without spending enough time educating themselves. He said he’s seen countless Reddit posts from people who’ve forgotten their seed phrases — the passcodes to their bitcoin wallets — and lost money as a result.

But he predicts that the risks associated with the blockchain will force people to educate themselves, creating “an environment of more responsible world citizens.” 

- Gilbert Horowitz, Gambling911.com

Business/Financial News

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.

Fake New: How an Elaborate Hoax in the Crypto Space Led to Death Threats

Fake News: How an Elaborate Hoax in the Crypto Space Led to Death Threats

We can probably speak on behalf of CoinGeek when we say, near and dear to our hearts was today's panel on Media Influence: How News Reporting Affects the Digital Asset Market.  Like Gambling911.com, CoinGeek we know strives to report fair and balanced news.  But not every story out there in the digital assets space proves to be factual. 

Bitcoin SV as Turing Complete System

Bitcoin SV as Turing Complete System

There is a controversy that's been emerging in the cryptocurrency community that claims Bitcoin cannot be used as a turing complete system.  In computability theory, a system of data-manipulation rules is said to be Turing-complete or computationally universal if it can be used to simulate any Turing machine, meaning the ability to recognize or decide other data-manipulation rule sets.

CoinGeek NYC Live or Virtugal: One Week to Go

CoinGeek NYC Live or Virtual: One Week to Go

There’s only a week left until the CoinGeek Conference in New York City. And as a proud association partner, Bitcoin Association is inviting you to watch the final round of the 4th BSV Hackathon during the conference!

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

Syndicate