The Senate Banking Committee Holds a Great debate on cryptocurrency Oct. 11, 2018

in #bitcoin6 years ago

Each hearing definitely is becoming more and more pro Bitcoin/digital assets. The government officials are finally asking some questions that always seemed to be overlooked about the faulty fed system. Their mannerisms are more positive and seem to already be behind the tech.

My friend is in Australia about a year , he's student there,some political and economic problems for Iranian people I mean banking sanctions almost make it impossible to change rial(official currency of Iran)to dollar $,his family was searching for a new way for transaction as replacement , finally they decided to buy bitcoin and send to him after that he makes it cash.I'm not sure about other people but a lot of Iranian students in Europe or Canada have to return because they can not be supplied for financial issues.

The simple fact that cryptocurrency is entering the public sphere in such a way is encouraging. There is no turning back now - this technology will permeate the world much in the same way the internet did, imagine what those in countries not beholden to a central banking system, or earning less than 5$ a day could do with smart contracts, and the ability to avoid the inherent flaws of the traditional monetary system.

What a debate. I think in a few years from now cryptocurrency will be the first world economy. To me Cryptocurrencies has come here to stay.....