Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - New Update 0.6.42 - Please Update Your Nodes
by
LemonAndFriesOne
on 02/08/2015, 13:11:17 UTC
FYI: Poloniex will no longer be offering services to residents of  New York ...



If nobody saw this coming, you're incredibly naive.

Governments may praise crypto all they want, but in the end it challenges their positions of authority by undermining the fraud that is FIAT. I think this is just the tip of the iceberg for things to come:

http://www.coindesk.com/ny-bitcoin-business-45-days-bitlicense/

Can you expand on your assumptions?

I don't see how it challenges their authority, FIAT is just a way to trade value for goods/services just like crypto is trying to do.