{"id":35473,"date":"2022-03-10T12:37:04","date_gmt":"2022-03-10T18:37:04","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=35473"},"modified":"2022-03-10T12:37:04","modified_gmt":"2022-03-10T18:37:04","slug":"currency-always-has-costs-ctd-11","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2022\/03\/10\/currency-always-has-costs-ctd-11\/","title":{"rendered":"Currency Always Has Costs, Ctd"},"content":{"rendered":"

I see digital currency<\/a> is celebrating a bit of new legitimacy – the US Government is going to investigate the possibility of regulation and even issuing its own digital currency:<\/p>\n

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Industry leaders are greeting the White House order as a win for the sector. \u201cToday, as democracies confront the greatest threat to global order in this century, we had a breakthrough,\u201d Tomicah Tillemann, a former State Department official who recently joined an as-yet-unnamed venture capital firm investing in blockchain-based companies,\u00a0wrote<\/a> in a Medium post. \u201cThe Executive Order will inaugurate a serious, sustained discussion about how to build the policy architecture of a better internet. This is a debate Americans deserve.\u201d<\/p>\n

Circle chief executive Jeremy Allaire, whose company issues the world\u2019s second-most-popular stablecoin, wrote<\/a>\u00a0on Twitter that the order signals that the United States \u201cseems to be taking on the reality that digital assets represent one of the most significant technologies and infrastructures for the 21st century; it\u2019s rewarding to see this from the WH after so many of us have been making the case for 9+ years.\u201d [WaPo<\/strong><\/a>]<\/em><\/p>\n<\/blockquote>\n<\/div>\n

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Which, to me, suggests a recognition by the government that value can be transmitted via digital currencies, and that possibly criminal elements are using it for that purpose.<\/p>\n

And not necessarily that digital currencies are superior or have an unique utility.<\/p>\n

So I think we can suppose digital currencies are in our future. Important questions:<\/p>\n