“This whole space is new technology into old law, and so there has to be some sort of more definitive guidance from regulatory agencies. We don’t have clarity on what that clear guidance, in plain English will be, but it needs to happen.” Hailey Lennon of Bitflyer
“There is friction when sending money from the US to the UK. As things stand, it is literally faster to grab a suitcase of cash, go to the airport and fly to London. With Bitcoin you can send it in a matter of seconds, and pretty much for free, routing around the payment rails that are very slow and expensive….Internet protocols revolutionised so many things in our lives, but they didn’t touch banking, credit cards, remittances and that’s what Bitcoin is doing.” Dan Morehead, CEO, Pantera Capital
Bitcoin is down over 75% from its all-time high.
It is still the best performing asset class in the last 5 years.
It has dwarfed stocks, bonds, currencies and commodities since inception too.
Ignore the noise, trust the code.
— Pomp ? (@APompliano) November 21, 2018
“When the interests of protocol providers (miners or stakeholders) and protocol consumers (users) are misaligned, adversarial forks are to be expected. Blockchain developers need to build platforms that align miners, users, and engineers for blockchain technology to have any chance to disrupt enterprises in the future.” Kadena’s Co-founder, Will Martino
I am thankful for the often unsung heroes of crypto: the engineers. They often quietly work, in fits and starts and bursts of greatness. The world often ignores them and their importance. Thank you for building. Nothing happens without you.
— Erik Voorhees (@ErikVoorhees) November 22, 2018
“What is blockchain good at? It’s a distributed, trusted ledger that cannot be altered and allows traceability and accountability. A technology like that in an environment like construction where various people involved in the process don’t trust eachother is going to find some kind of application.” Andrew Anagnost, CEO, Autodesk
What caused this decline?
Confusion. The embarrassment of public brawlings. Fear from institutions who took absurdly unenforceable measures to allay their fears. Uncertainty in the minds of traders. But mostly ignoring the implications of a massively growing base of Crypto users.
— John McAfee (@officialmcafee) November 20, 2018
“Crypto cynics are using this current wave of volatility to knock digital currencies. Whether it is Bitcoin, or any of the current generation of coins, or not, cryptocurrencies are here to stay. Financial traditionalists view cryptocurrencies the way traditional stores used to view online retailers. But with their hands in the sand they are failing to see that cryptocurrencies have already changed forever the way the world handles money, makes transactions, does business, and manages assets.” deVere Group Founder and Chief Executive, Nigel Green
“Crypto has been so weak because most of it there’s no underlying value outside of confidence. But Bitcoin, itself, we think is going to replace gold eventually. Gold is an $8 trillion thing.” CryptoOracle partner Lou Kerner
— Nick Ayton (@NickAyton) November 21, 2018
“Starry eyed crypto fanatics have seized on policymakers’ consideration of central bank digital currencies (CBDCs) as proof that even central banks need blockchain or crypto to enter the digital-currency game. This is nonsense. If anything, CBDCs would likely replace all private digital payment systems, regardless of whether they are connected to traditional bank accounts or cryptocurrencies.” Nouriel Roubini
For those keeping track pic.twitter.com/Tu9D0AWYWS
— ⛏€rypto €hristopher Walken⛏ (@cryptochrisw) November 21, 2018
“Norway can not continue to provide huge tax incentives for the most dirty form of cryptographic output like Bitcoin. It requires a lot of energy and generates large greenhouse gas emissions globally.” Norwegian parliamentary representative Lars Haltbrekken
“The (crypto regulation) situation is similar to the gun ownership debate, i.e. guns don’t kill people, people kill people. Just like that an instrument that’s quicker, cheaper, and independent of any financial institution is not necessarily (and in most cases is not) a way to buy drugs or scam people out of their money.” Paytomat CEO, Yurii Olentyr
I can't tweet anymore. People always over-read them, into the "deeper" meanings, and stuff…, that I don't even know existed.
— CZ Binance (@cz_binance) November 20, 2018
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.