Talk for Article "Blockchain has moment in the snow; regulators eye cryptocurrencies"

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  1. [ This comment is from a user you have muted ] (show)

    “Fans have so far argued that they are just stores of value or tokens, without inherent value or equity rights.”

    This is very misleading. The original and ongoing vision (well represented by Max Keiser, for instance) is for a viable platform of efficient decentralised trust, that is, what every political ideal besides monarchy and fascism has aspired to and failed to deliver.

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      I’ll take that on board. Sometimes we can lose the element of precision while seeking to keep a story accessible.

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      Looking at this again it is important to note that this was referring to ICOs and the reason that regulators are starting to look at them which is that they are seeing them as a form of security.
      +There’s also the issue with the ICO market of whether the “coins” issued by those raising money actually represent some sort of equity in those businesses, hence becoming a “security.” Fans have so far argued that they are just stores of value or tokens, without inherent value or equity rights.+
      It’s how regulators see them and how people who don’t want them regulated see them that was the point of that paragraph — not re-describing that they are a secure means of conveying trust.

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        I take the point about context and with the disambiguation you are quite right. Yet many might still end up misled by reading “fans…” as “fans of cryptocurrency…”, instead of “fans of less regulated ICOs…” Even you had to double-check, after all.

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    WikiTribune should stop using “Bitcoin” as a proxy for cryptocurrencies. There are dozens of cryptocurrencies of which bitcoin is perhaps the best known and largest but which occupies only part of the space that is best described as cryptocurrencies or alt-currencies which look beyond bitcoin.

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      Fair enough, it has become shorthand to some extent for the general public. Digital currencies and cryptocurrencies of course. We’ll keep an eye on it.

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