Bitcoin is now at an all-time high, the play here is that by legitimizing all sorts of cryptocurrencies and preventing the SEC from prosecuting scammers, a new class of betting instrument that trillions can slosh into has been born
Reposted from
Techmeme
a16z says it is "very optimistic" that the US government will "foster innovation" in crypto and there is a "pathway for constructive engagement" with regulators (a16z crypto)
Main Link | Techmeme Permalink
Main Link | Techmeme Permalink
Comments
lingering question in my mind is, is this morally (eg environmentally) defensible
Because why make something useful that generates regular profits when you can just rob the rubes blind?