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Regulation and Goverment Re Cyryptocurrencies

Cory
January 15, 2018

Bitcoin Developer Jimmy Song joins me today to share his thoughts on the possibility that governments will put in place regulations around cryptocurrencies. We touch on the recent story out of Korea when government officials discussed banning them in general. We also touch on if governments will start their own cyrptocurreny and limit the use of others.

Click here to listen to more cryptocurrency commentary from Jimmy and his guests.

Click download link to listen on this device: Download Show

Discussion
32 Comments
    CFS
    Jan 15, 2018 15:54 PM

    off topic:

    DETROIT (AP) — Chinese automaker GAC Motor says it’s on track to enter the U.S. market in the fourth quarter of next year.

    A spokeswoman says GAC’s first vehicle in the U.S. will be the GS8, a high-end SUV. It showed video of seven different models during a packed press conference Monday at the Detroit auto show.

    Company officials also introduced two models that likely will come to the U.S.

    GAC showed off a gull-wing compact electric SUV called the Enverge, which is still in the concept phase. The automaker says it will go over 370 miles on a single charge. Also unveiled was the GA4 midsize sedan that will go on sale in China later this month.

    GAC sold just over 500,000 automobiles in China last year, up 37 percent from 2016.

    Jan 15, 2018 15:54 PM

    Deep State is not want anyone to hear the congresswoman…………..
    https://www.zerohedge.com/news/2018-01-15/watch-sitting-congresswoman-shred-msm-narrative-under-minute

      Jan 15, 2018 15:56 PM

      We’ve got to understand that North Korea is holding onto these nuclear weapons because they think it is their only protection from the United States coming in and doing to them what the United States has done to so many countries throughout history.”

        CFS
        Jan 15, 2018 15:00 PM

        on topic:
        Associated Press – Mon Jan 15, 8:48AM CST
        PARIS (AP) — France’s finance minister says he wants new regulation targeted at virtual currencies, to stop them from being used for tax evasion, financing terrorism and other crime.

          Jan 15, 2018 15:06 PM

          You are not going to need those Crypos if you are Nuked……….

          CFS
          Jan 15, 2018 15:14 PM

          On topic:
          Roadtoroota theory, straight from Bix,

          https://www.youtube.com/watch?v=d4cKbzpY2O4

            Jan 15, 2018 15:17 PM

            Notice it says THEORY…………..

            Jan 15, 2018 15:23 PM

            a proposed explanation whose status is still conjectural and subject to experimentation, in contrast to well-established propositions that are regarded as reporting matters of actual fact.
            Synonyms: idea, notion hypothesis, postulate.
            Antonyms: practice, verification, corroboration, substantiation.

            Jan 15, 2018 15:24 PM

            Some days I like what he says, and other days , I think he is crazy……But, he is making a lot of ROOTA Bucks…………..

            Jan 15, 2018 15:28 PM

            Believe In Santa? If You Believe There’s 1 Billion Ounces Of Gold In The Grand Canyon Then You Do

            SRSrocco goes into further detail about the Grand Canyon gold (which also applies to the hidden Nazi gold vaults and Yamashita’s gold)…

            by Steve St Angelo of SRSrocco

            The U.S. economy continues towards an epic crisis while the overwhelming majority of analysts are completely in the dark. Even though some alternative media analysts understand that our highly leveraged fiat monetary system and markets will crash, they fail to understand the underlying reasons. Thus, we are heading into a future we are not prepared because… the BLIND continues to lead the BLIND.

            https://www.silverdoctors.com/gold/gold-news/believe-in-santa-if-you-believe-theres-1-billion-ounces-of-gold-in-the-grand-canyon-then-you-do/

            Jan 15, 2018 15:32 PM

            MTF>>>>>>>>Thanks for the report…….makes sense to me……

            Jan 15, 2018 15:37 PM

            BTW……Thanks for the article…..MTF.

            GH
            Jan 16, 2018 16:36 PM

            Road to Roota was the first and only thing I read by Bix.

            Too far-fetched.

      Jan 15, 2018 15:04 PM

      We know that North Korea has these nuclear weapons because they see how the United States in Libya for example guaranteed Gadaffi – ‘we’re not going to go after you, you should get rid of your nuclear weapons.’ He did, then we went and led an attack that toppled Gaddafi, launching Libya into chaos that we are still seeing the results of today. North Korea sees what we did in Iraq with Saddam Hussein, with those false reports of weapons of mass destruction. And now seeing in Iran how President Trump is decertifying a nuclear deal that prevented Iran from developing their nuclear weapons, threatening the very existence and the agreement that was made.

    Jan 15, 2018 15:17 PM

    The Criminal Underworld Is Dropping Bitcoin for Another Currency Jan 2, 2018

    Monero and others lure criminals as bitcoin’s privacy weakens Some coins post fake blockchain entries to hamper surveillance

    https://www.bloomberg.com/news/articles/2018-01-02/criminal-underworld-is-dropping-bitcoin-for-another-currency?

      CFS
      Jan 15, 2018 15:14 PM

      Bloomberg joins the FAKE NEWS group.

      First, they are anti-crypto, so do you expect any positive statements?
      Second, there reporters don’t know much.
      Thirdly, Monero is trackable. (So addresses are scrambled, but do you seriously believe the NSA is foiled by that?)

        CFS
        Jan 15, 2018 15:15 PM

        their not there

    CFS
    Jan 15, 2018 15:44 PM

    You Tax Dollars at work…..
    https://youtu.be/zOkK2lYDv2I

    Great value for money!

    And yet the moron politicians are bringing in immigrants from Somalia and Sudan, introducing not one, not two but three different antibiotic-resistant strains of TB.

    The traitor Obama, of course, shipped in immigrants from Honduras, who brought in the Zika virus, and so it goes…

    Jan 15, 2018 15:08 PM

    Democratic Candidate For Illinois Attorney General Mugged At Gunpoint During Chicago Photo Shoot

    A Democrat running for Illinois attorney general was robbed at gunpoint Thursday afternoon during a promotional photo shoot for his campaign.

    Aaron Goldstein, 42, and four men associated with the photo shoot were approached by three suspects between 20 and 24 years old in broad daylight, when one of them produced a gun. The men robbed Goldstein and the others of camera equipment and their cellular phones before running off, said law enforcement.

    https://www.zerohedge.com/news/2018-01-15/democratic-candidate-illinois-ag-mugged-gunpoint-during-chicago-photo-shoot

    Jan 15, 2018 15:35 PM

    Donald J. Trump @realDonaldTrump 4 hours ago

    Senator Dicky Durbin totally misrepresented what was said at the DACA meeting. Deals can’t get made when there is no trust! Durbin blew DACA and is hurting our Military.

    https://twitter.com/realdonaldtrump

    Jan 15, 2018 15:16 PM

    (TRY.AX) (TRYRF) TROY RESOURCES OPERATIONAL UPDATE
    11 January 2018

    “For the month of December 2017, the Company achieved production of 6,224 ounces of gold.”

    “This represents an increase of approximately 17% over the month of November, which in turn was an increase of approximately 17% over October. This made December the highest gold production month since March 2016.”

    “Production for the December 2017 quarter was 16,109 ounces. This is 25% (3,224 ounces) higher than the September 2017 quarter production of 12,885 ounces and is also the highest quarterly production since the March 2016 quarter.”

    “The increased production in the month of December was a result of the Company having gained access to higher grade material from Smarts 3 and 4 ore bodies.
    On an annualised basis, the December production figure would see Troy produce approximately 75,000 ounces of gold.”

    https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC5Qm1yhKZtOVgke92GA%3D%3D

      Jan 15, 2018 15:19 PM

      I had mentioned a few months back that Troy Resources share price had been absolutely crushed the last few years but that they may be an interesting “Turn-Around Story.”

      It looks like they are gradually improving their operations and getting things back on track and just recently the markets are finally starting to notice. If they keep things moving like they did in the 4th quarter, then as 2018 unfolds, they may get out of the penalty box. 🙂

      Jan 15, 2018 15:58 PM

      “At month’s end, 8 reverse circulation drill holes out of the proposed 22-hole programme had been completed. First assay results are expected to be received during January.”

      > Troy Managing Director, Mr Ken Nilsson, said today:

      “As we foreshadowed mid-2017, it has taken a while but the problems of late 2016/early 2017 are now behind us and we are free and clear to exploit Karouni to its maximum potential.”

      “We expect to have the project back on budget in another month or so.”

      “Full production and cash cost information will be provided in the December Quarterly Report which will be released later in January.”

    Jan 15, 2018 15:03 PM

    None of the Bitcoin forks have near the value of Bitcoin.

    Jan 16, 2018 16:26 AM

    Trump gives TLTF Banks a Jewish Holiday present………now they can steal some more money…….
    Voids campaign promise….
    https://www.zerohedge.com/news/2018-01-15/no-one-watched-trump-pardoned-5-megabanks-corruption-charges

    Jan 16, 2018 16:16 AM

    Global carmakers to invest at least $90 billion in Electric Vehicles

    Paul Lienert – Reuters – January 15, 2018

    https://finance.yahoo.com/news/global-carmakers-invest-least-90-215943365.html

    Jan 16, 2018 16:28 AM

    Euro Speculators Amass the Biggest Long Positioning Ever: Chart

    By Sid Verma – January 15, 2018

    https://www.bloomberg.com/news/articles/2018-01-15/euro-speculators-amass-the-biggest-long-positioning-ever-chart