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RE: Governments are well aware that a ban on cryptocurrencies is counterproductive
Crazy how rumors out of one country can have such a huge effect on market trends. Its also funny how after the finance minister made these remarks, several thousand people signed a petition calling for his resignation. They were stating that because of his rumors, the market was negatively affected. Hilarious. Anyways, Korea is a democracy, there is no ban coming, just want some rules put in place and also to limit the amount of people trying to take money out of the country because of the large arbitrage opportunities
@PenguinPablo... One of Your more important Posts in the last few weeks...in my humble opinion.
Japan has tended to be in a leadership role regarding crypto-currencies for a very simple reason, in my opinion... Japan has been in an "extended recession" since 1990. That is a very long time and so Japan has had almost no choice but to "Follow the Innovation"...
Necessity is the "Mother" of Invention and there are many financially depressed ( suppressed ) countries on this Planet that will "Follow the Innovation"...
Excellent Post, with good observations & insights !!
@originalworks
Keep Up the Great daily YT series... These videos help bring Truth & Honesty to a world filled with deception/propaganga /uncertainty within the crypto-currency space.
Perception is often molded to bring about the desired outcome by "The Powers that Were"...
While You are away from home, have Fun with Your Educational Seminar Series.
Cheers !!
Worst part is alt-coins getting hit even more than BTC. Technologically speaking BTC is just garbage. There are many amazing projects that are going to be disrupting many industries. These idiots are selling off everything and I cry that I put all my savings on crypto and have no fiat for the fire sale.
Yeah, BTC really just have its first mover advantage, it is slow, expensive and way over valued in my opinion. That and all these forked off coins where users just get to keep making money off them. Eventually things will change though as people become more aware of the landscape and that there are better options available