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UK lawmakers consider regulating cryptocurrency as they do gambling
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<blockquote data-quote="MuzzMelbourne" data-source="post: 1041615" data-attributes="member: 94561"><p>I totally agree with everything the EU and UK say about Bitcoin...</p><p></p><p>It has zero inherent value, its pure speculation, the dumbest investment and, biggest con job since Bernie Madoff was THE investment guru...</p><p></p><p>But Blockchain is, thankfully, not all about Bitcoin, even though you would think it was...</p><p></p><p>The way I view it is, with Blockchain's Smart Contract functionality, you have to look at what the token is capable of, not what its current value is!</p><p></p><p>For example, how would you like to own shares in the if-then-else statement, or the print command, etc. etc. and get, automatically, paid a cut every time that function is used, anywhere, in perpetuity.</p><p></p><p>That's the trick with Blockchain and the game is to evaluate the utility(value) of each token in a particular industry sector. Some are good for customer records, some for supply chain, some for financial transactions and yes, artwork authentication/tracking(NFTs).</p><p></p><p>Bitcoin is totally screwing-up development/trust in the Blockchain/Web3 sector... and I HATE it with a passion!</p><p></p><p>Ethereum on the other hand... Polygon... Algo... Solana... Ooki... there are thousands of USEFUL tokens, just like programming operations/functions...</p><p></p><p>The trick is which one's will fly and which will crash... there's your investment potential right there.</p><p></p><p>IMHO...</p></blockquote><p></p>
[QUOTE="MuzzMelbourne, post: 1041615, member: 94561"] I totally agree with everything the EU and UK say about Bitcoin... It has zero inherent value, its pure speculation, the dumbest investment and, biggest con job since Bernie Madoff was THE investment guru... But Blockchain is, thankfully, not all about Bitcoin, even though you would think it was... The way I view it is, with Blockchain's Smart Contract functionality, you have to look at what the token is capable of, not what its current value is! For example, how would you like to own shares in the if-then-else statement, or the print command, etc. etc. and get, automatically, paid a cut every time that function is used, anywhere, in perpetuity. That's the trick with Blockchain and the game is to evaluate the utility(value) of each token in a particular industry sector. Some are good for customer records, some for supply chain, some for financial transactions and yes, artwork authentication/tracking(NFTs). Bitcoin is totally screwing-up development/trust in the Blockchain/Web3 sector... and I HATE it with a passion! Ethereum on the other hand... Polygon... Algo... Solana... Ooki... there are thousands of USEFUL tokens, just like programming operations/functions... The trick is which one's will fly and which will crash... there's your investment potential right there. IMHO... [/QUOTE]
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