Larry Bates of BitLand: Bitcoin’s Problems are Caused by Libertarian and Anarchist Rhetorics
A proper understanding of cryptocurrencies will eliminate hype and anti-government rhetorics, thereby attracting major players into the industry, says Larry Christopher Bates of BitLand. He believes that there has come a time when some big names within the FinTech industry are beginning to discuss Blockchain in a more serious manner and seem prepared to walk the walk: “I believe the disappearance of anti-government rhetoric has a lot to do with the involvement of big institutions.” Bitcoin was hurt by rhetoric. Bates says that the problem was that 90 percent of crypto was....
Related News
Larry Christopher Bates of BitLand believes Bitcoin can serve as the best international platform for foreign exchange. In his opinion, an agnostic and interoperable monetary exchange platform is an example of where governments should be focusing their attention on Bitcoin. However, he thinks that it is not necessary for any government to give up control over its local currency. Ever so often, the Bitcoin community tends to rejoice when a country's currency starts tanking in hopes they will rush to Bitcoin as a haven. But Bates says that Bitcoin is not an appropriate haven due to its high....
Blockchain identity is already in use in various sectors of data management and technological development. With its applications so far, can we say that the Blockchain has lived up to expectations? Some experts think it’s overhyped, others see that late 2016/2017 will be the year of explosion for real-world Blockchain profitability and usage. That is, as long as politics doesn’t get in the way. What is Blockchain identity? Blockchain identity is also defined by Christopher Bates of Bitland as the representation of a 100% verifiable identity which can be established through a series of....
A new project piloted in West Africa, called Bitland, is using blockchain technology as a decentralized land registry. Due to the tamper-resistant nature of distributed ledgers, the project hopes to give the African citizens a better method to survey land and record title deeds using the Bitland blockchain. It will engage with “28 communities in Kumasi,....
Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency will do better regulated in a sound way instead of being treated as a libertarian paradise. Larry Summers Sees Crypto Benefiting From Strong Regulation Lawrence Summers, who served as the Secretary of the Treasury in the Clinton administration and director of the White House National Economic Council in the Obama administration, talked about cryptocurrency regulation during an interview with Bloomberg Friday. A former chief economist at the World Bank, Summers is currently Harvard....
In developing countries the right to own landed properties as a priority can be placed just behind the right to life. Using Nigeria as a typical example, every piece of land is claimed, whether on record or not. Besides lands found almost in the middle of nowhere, ancestral ownership and transfer of such remains an unbroken tradition in defining the ownership of landed properties. There have been numerous cases involving the claim of property between the nation state and the local custodians. This occurs mostly when there is the need for the government to acquire such a property for the....