The case for Altcoins by Congress.


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The Facebook Libra stable coin has been getting grilled for the better part of the week. A huge takeaway from these meetings with congress has been that they are much more knowledgable about cryptocurrencies than led to believe. In the second day Meltem Demirors made a good case for crypto. Congress members were able to make the distinction between a centralized and a decentralized platform and differences between how innovation occurs in both scenarios. With that said, it was clear that congress was far more comfortable with decentralization than centralized platforms referring to the Calibra foundation and Facebook as “cartel”. This puts business friendly decentralized platforms with developed main nets in the crosshairs. In my opinion decentralized alt coins like Chainlink, Neo, Vechain, and Ioata are posed for success.
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Many Business are preparing for the green light to move forward with their tokenization aspirations. Congress has already expressed that they do not want to be slothful on embracing this technology. Judging from the current status most major players will feel much more comfortable with the control of a centralized platform. Take a look at what some of the moves that “insiders” like Goldman Sachs are doing to position themselves for the coming transition. Recently Goldman Sachs via Circle suites purchased Poloniex Exchange along with hinting that they will create a “Goldman Coin”. So there is no doubt that crypto will be arriving shortly but I don’t think every business will have the manpower and patients of Goldman Sachs. I believe they will be in a much better position building on an altcoin platform.


Comments 17


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20.07.2019 06:50
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This post has received a 22.95 % upvote from @boomerang.

20.07.2019 07:11
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20.07.2019 07:44
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20.07.2019 08:44
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20.07.2019 08:56
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20.07.2019 14:39
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Nice

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21.07.2019 16:27
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You got a 55.56% upvote from @whalepromobot courtesy of @ncquote!

20.07.2019 14:55
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Interesting, upvoted ^^

20.07.2019 18:18
1

I like this song, of course, I like the singer better

21.07.2019 11:20
1

Politics is for profit

21.07.2019 11:20
1

Hello, this news is every where and I didn't see any interesting commentary or spin on the article.

I've downvoted for being a bit over rewarded, try a twist on the story or better looking presentation. Some sources or something. :)

Keep on posting.

21.07.2019 14:07
3

comment appreciated.

21.07.2019 19:35
0

Nice news!

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21.07.2019 16:27
1

Great news! Altcoins have in fact a significant role in investment and should not be neglected.

23.07.2019 06:42
1