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Blockchain Nears Peak Hype: UK Politicos To Probe Crypto-Coin

posted by mrpg on Monday February 26 2018, @04:26PM   Printer-friendly
from the 21-millions-of-problems dept.

Arthur T Knackerbracket has found the following story:

Title: Blockchain Nears Peak Hype: UK Politicos To Probe Crypto-Coin

Hot on the heels of Bitcoin's dramatic rise and fall - and rise, British parliamentarians have decided to launch an inquiry into digital currencies.

The Treasury Committee, one of the more influential of the House of Commons' talking shops, today confirmed it will investigate the impact of cryptocurrencies and how they can be regulated.

[...] "Striking the right balance between regulating digital currencies to provide adequate protection for consumers and businesses, whilst not stifling innovation, is crucial."

[...] Many regulators and government bodies - from the European Commission to the US Securities and Exchange Commission - have made no secret of their disdain for Bitcoin.

[...] But the committee also plans to investigate the potential benefits of cryptocurrencies and the underlying distributed ledger technology, for instance in boosting security or disrupting the economy or work of the public sector.

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  • (Score: -1, Spam) by Anonymous Coward on Monday February 26 2018, @04:55PM

    by Anonymous Coward on Monday February 26 2018, @04:55PM (#644018)

    They called him Little Timmy. He was a kind, caring, and curious young lad around the age of 9. Everyone who knew him knew that his favorite colors were black & blue; he made sure of that. Everyone also knew that he was quite the artist.

    Today, Little Timmy was creating another work of art featuring his two favorite colors. Black. Blue. Black & blue. These colors were spread all over the object with Timmy's fists, resulting in a truly bizarre - yet strangely alluring - work. When Timmy was done, he decided to hang his finished piece on a tree in the park for all to see.

    Later, a large group of people gathered around a tree in a certain park. Everyone was looking at a piece of artwork. Beautiful. Amazing. Wondrous. It was Timmy's greatest work of art yet. The people admired the boy's immense skill and understood that he would eventually become someone famous.

    Two weeks later, a woman's rotting corpse was removed from a tree in a park and taken to a landfill.

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