Bitcoin Regulation And Forks Upcoming
Jimmy Song joins me today to shares some updates on regulation and future forks for Bitcoin. In terms of regulation, Australia recently froze some accounts in an attempt to get more control and information about accounts. Governments are going to continue down this road but will they have much success? We also talk about upcoming forks and how people holding Bitcoins can take advantage of these forks.
(Audio length 00:10:17)
Disclosure: None.
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My concern is how the government regulations can scrutinize the idea of bitcoin technology for normal citizens that just want a peer to peer transaction without having to go centralized through banks paying them large amounts of fees by controlling your own funds. We are now at a new stage of generation, more and more people would like a chance for changes in our systems these days. Taxes and other majority expenses are surging for most of us especially with the population getting larger. In my view, #cryptocurrency technology would be an ideal thing for now till the future, having control of your funds of savings that benefits your own interest not being centralized by institutional governments.
Thanks for your two cents. Always nice to see some discussion here.
I have a lot of doubts about #bitcoin and other #cryptocurrencies, but perhaps my biggest is the fact that any government could limit, or even make illegal, cryptocurrecies, just as China has.
Hey Gerard, thanks for your comment. I will note this and send it over to Jimmy for the next time we chat.
I think you are right that people want a different way to transact and governments do not like it. I have no idea how this is going to play out but I think we are going to see countries try a few different tactics to control it...