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RE: French government FOMO's into crypto!! Biggest news all year
Well I watched the whole video clip (with the translator and I struggling our way through) and MAN is it bullish! Of course I did keep thinking "it's a blockchain conference and he's a politician - he'll tell them what they want to hear" - which is normal for politicians, but if only half of what he says is true then that's already massive news!
Clearly he favours local development and probably private blockchains, but that won't matter in the long run. The only really successful blockchains will be public ones.
Yeah, seriously! He says like one or two things that are negative (used for illegal purposes, energy consumption) but other than that he's totally onboard. IMO he's the most influential and high placed blockchain proponent thus far. You could argue Christine Lagarde perhaps, but Le Maire has actual direct power while she has only indirect power
Lagarde is VERY much the politician when it comes to crypto (even though technically she isn't one). She blows hot and cold. At one stage I thought she was a big crypto bull too, only to read completely contradictory statements shortly thereafter. I wouldn't trust her further than what I can throw her.
Oh yes, I very much agree on Lagarde. I was just referencing that she sometimes speaks positively about blockchain now. But like others she's on the blockchain not bitcoin bandwagon.
It's okay though, one day people will figure it out. I think everybody goes through the same evolution in understanding bitcoin and crypto. They have passed stage 1 where they realized that 'Ok, maybe there is something there' and they are now at the stage where they think they are into alts.
I mean.. 99% of the blockchain projects out there are crap. And I am convinced that in many cases the founders don't know this themselves, because they don't get what the innovation and revolution is at the core. You can see this in Ethereum too. They started out very much on the 'We are better than bitcoin' train but you can tell that Vitalik is having his doubts these days, and he's in it differently than he used to be. Everybody is realizing that it's BTC that matters, and narrative is now shifting to a more 'how can we add/improve on BTC'. Even EOS founders are now saying BTC is likely to succeed and they are suggesting that EOS may be used to scale BTC.
If it took this long for all the altcoin founders to come around, imagine how far off the general public and politicians still are. They're atleast two evolutionary stages behind.
Wonderful reply Pandora, I feel like applauding! I'm busy writing an article somewhat along these lines. I'll only publish after Easter though (I've learnt that weekend posts tend to get ignored). Nice little infographic thingy - I don't completely agree with it, but the message is right. At the end of the day I hold alts to build and maximise my BTC value. Eventually I hope to convert some BTC value into fixed assets. Eventually. Maybe. Lambo. Moon.
Perhaps you remember these:
https://steemit.com/cryptocurrency/@bitbrain/analysis-of-an-analysis-the-imf-trying-to-stop-the-marshall-islands-from-adopting-cryptocurrencies
https://steemit.com/cryptocurrency/@bitbrain/analysis-of-an-analysis-part-2-the-why