Ever since the birth of money, economies have controlled nearly every aspect of human life. Money is power, and escaping that principle is nearly impossible unless you want to live in the wild. Honorable, civil-based economies have historically forged the backbone of the most powerful nations on Earth. Without this willing deception to believe money has value—just like any physical product or service—there would be no complex markets to foster innovation.
More than 3,500 cryptocurrencies were created as of September 2016, according to Cryptocoinchart.info, an online price index platform that tracks blockchain digital assets. What is the overall effect of this “flooding” of the market?
Make no mistake; regulators have one desperate mission when it comes to Bitcoin. Keep it in check. Yet, they don’t seem to be doing a good job there. They are fumbling a lot. Drafting bills, shelving them and going back to the drawing board has become the cycle.