RT @carlcarrie: CFTC Chairman Giancarlo:
"There’s 140 countries in the world, every one of them has a currency. Probably two-thirds are not worth the polymer or the paper they’re written on...
...Bitcoin or cryptocurrency may solve some of the problems.”
After the legitimizing of crypto-currencies, block-chain and crypto-assets at the WORLD ECONOMIC FORUM we will see the effect of this in the institutions and their media initially, this decision is an example of that, then we will see this reflected in the price.
The coming bull market WILL be the biggest yet, almost all coins will reach new ALL TIME HIGHS.
We will also see within 3 - 6 months a big announcement or a big investment by one or more institutional investment companies.
I cannot say which coin will benefit the most at this stage.
Probably not Bitcoin, though that will rise to a new ALL TIME HIGH, probably one of the coins with a market cap in the single digit millions with a viable product will give the biggest returns in the coming months.
top_kek_topNegative | 14520 karma | Karma CC: 17424 months ago
You can effectively ban it by putting pressure on it's users in a way that law abiding citizens will stay clear of it.
Take a look at running a Tor exit node. They aren't illegal per say, but if you ever spin up an exit node, don't be surprised if you get subpoenas by every other local law enforcement agency.
Source: Used to run Tor exit nodes
If they wanted to shut you down and hall you to jail, they will. Ask Kimdotcom.
The USA doesn't care much about Piratebay, they use it to monitor torrents and sparingly send out cease/desist letters to whales. However, other countries have forced ISPs to block it.
But this isn't really the point. We're not talking about blocking websites, we're talking about banning an entire ecosystem. The US government hasn't outlawed the bittorrent protocol. So bringing up Piratebay does little for the conversation
>it's still there, people still use it... and they accept crypto donations
My point went completely over your head. Sure, people use Piratebay. But the large majority of people in the world stay away from it. Which was my point, they can effectively ban it by making sure only a small subset of people actually use it.
Or he was convinced by one of our articles [https://coinyspace.com/cryptocurrencies-are-not-a-bubble-they-are-here-to-stay/](https://coinyspace.com/cryptocurrencies-are-not-a-bubble-they-are-here-to-stay/)