Science and Technology : Congressman Calls To Ban U.S. Dollar In Response To Plea For Bitcoin Ban

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Why Is Everyone Investing In Bitcoin?


Niklas Göke

The most creative writer you've never heard of. German grad student @ TU Munich. ☕️+✍=❤️. If you like my writing, follow the journey: http://niklasgoeke.com


There’s a great story being told over and over around the web, it’s the story of the 10,000 Bitcoin pizzas. In May 2010, one Bitcoin was worth less than a penny; a forum user, Laszlo Hanyecz, made the first ever real-world transaction: he bought 2 pizzas for 10,000 Bitcoin...


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Photo by Andre Francois on Unsplash



 
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A Former Top Wall Street Regulator Turns to the Blockchain
Gary Gensler, who once led the Commodity Futures Trading Commission, has joined M.I.T., where he is warning about potential problems for virtual currencies



The New York Times
By Nathaniel Popper


...Now, like many other big names from business and government, he is plunging into the world of the blockchain, the data-tracking technology introduced by Bitcoin. Gary Gensler was one of the top financial regulators in the Obama administration, the finance chief for Hillary Clinton’s 2016 presidential campaign and, before both of those jobs, a partner at Goldman Sachs.


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Mr. Gensler said he believed 2018 would be a year of reckoning for virtual currencies. “Over 1,000 previously issued initial coin offerings, and over 100 exchanges that offer I.C.O.s, are going to need to sort out how to come into compliance with U.S. securities law,” he said. Photo: Kayana Szymczak for The New York Times


 
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Why the Price of Bitcoin Doesn't Matter


Beautyon
Follow Beautyon on Twitter: https://twitter.com/beautyon_


Bitcoin is a very new technology, even though the concept that it brings to life is decades old, the double spending problem has been solved; this means that it is possible to use a digital certificate to stand in the place of money and be sure that no one else can spend that certificate other than you as long as you hold it. This is an unprecedented paradigm shift, the implications of which are not yet fully understood, and for which the tools do not yet exist to fully take advantage of this new idea...

https://hackernoon.com/why-the-price-of-bitcoin-doesnt-matter-155e8400557b
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Every part of Bitcoin is text. It is always text, and never at any point ceases to be text. This is a fact, and as text, it is protected under the free speech provisions of the constitutions of civilized nations with guaranteed, irrevocable rights


 

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