Quote from: squatter on July 25, 2019, 08:27:58 PM

Quote from: Kakmakr on July 25, 2019, 07:46:44 AM

Quote from: squatter on July 25, 2019, 07:34:03 AM

Quote from: avikz on July 25, 2019, 06:22:01 AM

I am seriously not finding anything wrong in this move of including two crypto businessmen in the task force. It could have been much more worse not to have these leaders in the task force. At least these people will ensure that things don't turn hostile for the crypto users in the state of NY.

Agreed. From a regulatory standpoint, what's good for Ripple and Ethereum is also good for Bitcoin.

I do not entirely agree with your statement that, " From a regulatory standpoint, what's good for Ripple and Ethereum is also good for Bitcoin. " The BitLicense was a blow to the NY Bitcoin operators, because it placed a complex and expensive barrier to entry for anyone that wanted to use Crypto currencies in NY.

BitLicense was introduced in 2014 and was bad for all cryptocurrency services -- whether they served Bitcoin or altcoins. What does that have to do with Joseph Lubin and Ryan Zagone being appointed to the Digital Currency Taskforce two days ago?

Quote from: Kakmakr on July 25, 2019, 07:46:44 AM

Ripple is also not a true Crypto currency and Ethereum is Bitcoin's strongest competition and having them getting a stronger foothold in the economic capital of one of the strongest economies in the world, is bad for Bitcoin. Roll Eyes

Could you give a concrete example of how this could hurt Bitcoin?

Well, if you read my previous posts, you would have noticed that I also mentioned a controversial character, called Ben Lawsky, the architect of the BitLicense. He is now connected to the Ripple team and this guy only concentrate on his on financial interests and would disadvantages all other Crypto currencies to further his own interest. His influence and connections from being the former New York Superintendent of Financial Services, would help him to boost Ripple and also to make it difficult for the competition to compete on a level playing field.

Let's just say, Bitcoin will definitely not flourish in any scenario where Ben Lawsky is involved. Angry