'If you want to try to figure out where we're headed, you need to get out of your own head and into the minds of younger generations. While it's fun to mock millennials and avocado toast, this is one of the most systemically screwed over generations in a long time. Thrown into the job market in the midst of an economic collapse, they watched their parents lose their homes while Wall Street got bailed out. These are lessons and experiences that stick around for life and fundamentally shape how one sees the world. The younger generations aren't going to be interested in tinkering around the edges of the current paradigm, they're going to want to replace it entirely. They have no loyalty to a system they've witnessed do so much damage.'
https://www.zerohedge.com/news/2018-02-06/crypto-hearing-post-mortem-bitcoin-gains-regulators-balanced-not-dismissive
This is being hailed all over Planet Krypto for what it is: a remarkably honest and insightful statement by a regulator.
But m e a n w h i l e . . . Carstens of the BIS is talking the usual twaddle -- but don't take it lightly: the BIS are heavy hitters:
https://www.reuters.com/article/cryptocurrency-markets-bis/central-banks-must-act-against-ponzi-scheme-cryptocurrencies-bis-head-idUSL8N1PV5KS
https://www.zerohedge.com/news/2018-02-06/crypto-hearing-post-mortem-bitcoin-gains-regulators-balanced-not-dismissive
This is being hailed all over Planet Krypto for what it is: a remarkably honest and insightful statement by a regulator.
But m e a n w h i l e . . . Carstens of the BIS is talking the usual twaddle -- but don't take it lightly: the BIS are heavy hitters:
https://www.reuters.com/article/cryptocurrency-markets-bis/central-banks-must-act-against-ponzi-scheme-cryptocurrencies-bis-head-idUSL8N1PV5KS