back to article Hey, look who's rushing to weigh in on crypto-coins. Hello, United Nations and European Commission!

Following a warning from America's financial regulator, the European Commission and the United Nations have weighed in on the issue of crypto currencies. This week, chairman of the US Securities and Exchange Commission Jay Clayton warned companies thinking of adding “blockchain” to their names that his agency is watching them …

  1. Bigg Phill

    Congratulations, you're the proud owner of...

    Some maths*

    When buying at peak (bubble) value:

    You have a place to live if you buy a house

    You have a stake in a company if you bought shares

    Even if you buy gold there's always the possibility that you can make something out of it

    What can you do with a cryptocurrency that's too volatile to be used as an actual currency?

    In regards to the EU (and the actual article), to say I'm not their biggest fan is a massive understatement but this reads like they want legislative parity with other forms of transactions, which seems perfectly reasonable.

    What do you expect them to do?

    * Math if you're American

    1. Tim Seventh
      Devil

      Re: Congratulations, you're the proud owner of...

      "What can you do with a cryptocurrency that's too volatile to be used as an actual currency?"

      You can use it to pay for ransom. icon ->

    2. Tom Samplonius

      Re: Congratulations, you're the proud owner of...

      "* Math if you're American"

      Or Canadian. Other than the UK, I've never seen or heard this pluralization before.

  2. amanfromMars 1 Silver badge

    Misinformation is Propaganda and Indicates Desperation

    What can you do with a cryptocurrency that's too volatile to be used as an actual currency? ..... Big Phill

    Too volatile for some who may be many is not necessarily the same for others and A.N.Others who may be more than just a chosen few.

    What if cryptocurrencies are intelligently designed to work their magic marvellously outside of, and beyond the stifling command and control of established systems of mass population manipulation, and for the benefit of others and A.N.Others who may be more than just a chosen few. They don't need serial charlatans/wannabe secret leaders/call them whatever you will steeped in the ways of deception and obfuscation and contemptuous of party political persuasions trying to steer its power and direction of travel ........

    Who controls the issuance of money controls the government! [Nathan Meyer Rothschild].... Let me issue and control a nation's money and I care not who writes the laws.[Mayer Amschel Rothschild]

    1. Bigg Phill

      Re: Misinformation is Propaganda and Indicates Desperation

      "What if cryptocurrencies are intelligently designed to work their magic marvellously outside of, and beyond the stifling command and control of established systems of mass population manipulation"

      And what if they're a pyramid scheme designed to make their creator very rich?

      1. amanfromMars 1 Silver badge

        Re: Misinformation is Propaganda and Indicates Desperation

        And what if they're a pyramid scheme designed to make their creator very rich .... Big Phill

        Your See is certainly clouded and corrupted with cynicism, Big Phill, but such also allow for a very rich creator to purchase some intelligently designed cryptocurrency magic to further server and protect their Bastard Genius Child of AIMaster Pilot Program and in so doing dispel all possibility of cynicism ruling and perverting/subverting Programming Projects and Future Missions.

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