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RE: Bismuth - No ICO, No Premine and First Python Coin!
This looks promising from a dev point of view.
The rest is up to the market adoption now. I'm all for free and fair token distribution.
This looks hot. Let's steem and resteem it. ;)
(I'm new here do people say that?)
Decentralized currency is definitely a boost to the economy and for self earning. What concerns me is the governments. As they are used to centralized systems. Do the government have the power to ban such currencies completely? Requirement of mining hardware requires initial good investment though
They do not have the man-power to stop cryptos and Decentralized apps. They would have to raid EACH node (Miner) on the network, SIMULTANEOUSLY.
For this they will need a person at everyone's house, at a specific day/time. Which is impossible. Yes there will surely be some conflicts when the Governments try to come up with new ways to make money.
But at the end of the day, its up to the people, whether of not they want to use cryptos/dapps/DAOs.
Goverments (i'm primarily speaking from EU point of view) are actively working on ICO - BC regulations. The lack of correct financial instrument or financial definition is letting ICO's blossom in status quo atm, but this will change in couple of months.
You mean the same government(s) that can't even stop drug trafficking, money laundering, prostitution, etc.?
Haha people say many thing :) Thanks for resteem!
You're welcome