Times They Are A-Chingin In Crypto

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The SEC is still after companies for their ICOs. This stuff took place in 2017. Today, we have the DeFi craze; it will take three years to get through that mess.

In this video I discuss how the pace of technological development is putting the Feds further behind. At the same time, the talk about central bank coins might be the straw that actually breaks the back of the regulatory agencies.

Please leave your comments about the discussion regarding "Fed Coin"


▶️ 3Speak



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Bang, I did it again... I just rehived your post!
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You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)

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Nice said to compare the New world and the Old world, it just simply puts you ahead of time or from a passing dawn. Early adopters are the one that will thrive in these times, others will just get lost between those struggling to survive. Vision is necessary to get in front of the times and as well to stay and understand what happening, accepting and embracing change.

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Summary:
In this episode, Task discusses the evolving landscape of technology, particularly in the realm of cryptocurrencies and decentralized finance (DeFi). He reflects on past buzzwords like the "new economy" during the internet's early days and draws parallels with the current crypto space. Task highlights the SEC's actions against companies involved in ICOs from 2017 and the increasing interest in DeFi, despite its associated risks. He also speculates on the potential impact of central bank-issued cryptocurrencies like a "Fedcoin" on the industry and its implications for privacy and financial transactions.

Detailed analysis:
Task starts by drawing a comparison between the old and new economies, emphasizing the gradual evolution and growth of the online economy over time. He points out the delayed profitability of tech giants like Amazon, underlining the slow pace of industry development despite technological advancements.

The conversation shifts to recent SEC settlements with companies over past ICOs, indicating the regulatory catch-up in the rapidly evolving crypto space. Task expresses amusement at the delayed actions taken by regulatory bodies like the SEC, highlighting the challenges posed by new technologies and the DeFi boom.

Task delves into the potential impact of central bank-issued cryptocurrencies, particularly a "Fedcoin," on the industry. He discusses the possibility of using Fedcoin for everyday transactions and the potential for a protocol that facilitates seamless integration with existing systems. He speculates on the privacy implications of such a system and suggests the development of alternate wallets for anonymity.

Furthermore, Task discusses the growing institutional interest in cryptocurrencies, citing examples like MicroStrategy's significant Bitcoin investments as a shift towards digital assets. He mentions the rise of DeFi and the diversification of investments within the crypto market, acknowledging both its benefits and risks.

In conclusion, Task emphasizes the rapid pace of technological advancements in the crypto space and invites viewers to share their thoughts on the concept of Fedcoin and its implications for the industry. Overall, the episode provides insights into the changing dynamics of the crypto landscape, regulatory challenges, institutional involvement, and the potential impact of central bank digital currencies.

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