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RE: Must read! Blockchain Predictions, 18 of them from ConsenSys

in #bitcoin7 years ago

@liotap, clearly this article got lost in all the New Years celebrations (and recuperation). You noted and explained concisely the points (10 & 6) that I gravitate to first. Number 15 I see as an invaluable component, however I see global financial institutions (Wall Street) lobbying to delay such as they are last to embrace blockchain. As we know, governmental regulation is generally developed with "input" from multi-national financing institutions.

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The SEC has changed their tone from every coin is a security to talking about nuances using a laundromat coin analogy. Progress!

More on that here:

https://www.coindesk.com/sec-chief-not-icos-bad/

We need to see a distinction between tokens that are securities, tokens that are utilities and cryptocurrencies. Once the framework is in place, things will grow very fast. For starters, various exchanges can list what they want to focus on and be compliant. If it does not happen in the US shortly, it will be a big loss for the country.

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