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RE: Raj's Crypto News - Pick of the Week - Emmer Backs Bitcoin
I didn't even know there was a Congressional Blockchain Caucus. I think that's encouraging as it is. But his comments do ring true, and bring some much-needed clarity to the table. They are not going to stop people from working on blockchain technology and using it to innovate. Even to attempt that foolish endeavor is ridiculous. I think even Republicans are going to be beating the blockchain and crypto drum within a decade.
I know, right! And you're unlikely to see Emmer's speech in any American mainstream media because... well ha ha you guys really like to keep your media Orwellian over the other side of the pond 😉
I very much swing to the left politics wise (lol tbh I'm an anarchist of a type) but I agree that even republicans might jump on board... especially when they start to understand the money making potential of blockchain tech. But to my mind it's just inevitable that this technology will become the next iteration of the internet. That's why western governments need to wake up and embrace it sooner rather than later. You better believe Asian governments are learning about and developing blockchain tech.
For me, the cryptocurrency question is about a loosening of control, which government and establishment banking will never accept without a fight. This is where the distinction between blockchain (decentralised database) and crypto becomes so important. You can't really have one without the other at this point, but I feel like the sell to get government on board is to show the many possibilities of blockchain tech beyond transfer of value.
Tbh, I'm hopeful that they don't get too deep into it until certain humanitarian applications I can see for blockchain happen. If government get involved too early, they will steer the development away from those world changing (improving) applications to try and keep as much power as possible.
These are just my thoughts, and I'm aware that most of steem are firmly over on the right side of the fence 😉
But as an example of what I'm trying to get at above, let's look at how ordinary people in Venezuela have used crypto to take a small measure of power back and alleviate their extreme poverty. That would have been impossible ten years ago. Things would have been much worse for the ordinary people of Venezuela, and possibly a lot more violence and civil war. At the end of the day, if you can improve things for yourself by moving outside of governmental fiscal control when the shit hits the fan, as it did in Venezuela, then it changes the balance of power... which I find fascinating. I sincerely hope that crypto keeps gaining adoption for these reasons; social and economic changes on a global scale.
Ha ha, anyway... I've entered rant mode. Just finished my morning coffee 😂☕
P.s. I'm going to put this article up on narrative later today as I think it's an interesting balance against all the FUD going on around crypto at the moment.
I think you hit it on the head @raj808. Once those in power realize that blockchain technology has the power to correct the excesses of the 20th century and that it is unstoppable, they will have no choice but to support its development. I'm looking forward to the day.