Col: The crypto bros may get their way soon – and it will affect investors the world over
The crypto bros – and U.S. President Donald Trump – may soon get their way.
Recently, Trump called on the U.S. Senate to pass the Clarity Act to honour the deceased Senator Linday Graham.
The Clarity Act would legalize and create formal regulations for most cryptocurrencies. If it passes, it will affect investors the world over and fulfil Trump’s goal of making America the crypto capital of the world.
This would further legitimate crytpocurrencies, fundamentally reshaping the world beyond finances.
Bitcoin is the most well-known and valuable of the cryotpcurrencies and the most anti-social “social network” in the world. It has been around since 2009 and has at the heart of its mythology a mysterious founder, Satoshi Nakamoto. Nakamoto’s identity remains unconfirmed, despite a recent New York Times story fingering British cryptographer Adam Back (he denies it).
What makes Bitcoin notable is that it started an entire genre of digital value on the idea that algorithms are more trustworthy than people.
Through an electronic ledger maintained by........
