Watching the US Senate hearing on regulating cryptos. Key points:The regulatory offices suggest no need to create a department just for Crypto regulation/enforcement).The regulatory offices suggest no need to create a department just for Crypto regulation/enforcement).Further regulation is not necessary.Further regulation is not necessary.Main issue are ICOs and scams. The Chairmen said they are working together on preventing scams and have already laws in this regard, to protect consumers.Main issue are ICOs and scams. The Chairmen said they are working together on preventing scams and have already laws in this regard, to protect consumers.Bitcoin should not be considered a security, but rather a Commodity, one of the chairman even refers to the term HODL and what it stands for, says it's used primarily as a store of value.Bitcoin should not be considered a security, but rather a Commodity, one of the chairman even refers to the term HODL and what it stands for, says it's used primarily as a store of value.Blockchain and cryptocurrencies are linked and strict regulations on crypto could prevent technological progress.Blockchain and cryptocurrencies are linked and strict regulations on crypto could prevent technological progress.Crypto has an utility on a larger scale and not just for trading.Crypto has an utility on a larger scale and not just for trading.The crypto market is very small scale and needs time to develop, to see if regulations are in fact needed.The crypto market is very small scale and needs time to develop, to see if regulations are in fact needed.On educating potential investors, Chairmen say the crypto community is educating itself and understand the risks On educating potential investors, Chairmen say the crypto community is educating itself and understand the risks One senator talks about the recent Coincheck hacking. Chairmen replies that their authority is limited, since foreign exchanges could be used. It's a gap, doesn't fall under SEC/CTFC regulation.One senator talks about the recent Coincheck hacking. Chairmen replies that their authority is limited, since foreign exchanges could be used. It's a gap, doesn't fall under SEC/CTFC regulation.

What's Happening?I pondered posting yesterday as the fledgling signs were in the air, but I paused, why? Because I wondered if this was the big one we have been expecting in the traditional Stock markets of the World. I'm still sure there will be a monumental collapse dwarfing 2007, but perhaps this is just an expected pull back. I have not seen that Black Swan trigger we have all been waiting for, unless you class the Major collapse of a Government backed building firm in the UK, Carillion. There maybe financial risks hidden in large building firms that subcontract on long 3 month pay terms, but I doubt that is the Black Swan. More likely it will be the 700 Trillion Dollar collapse of Derivatives when people realize that those investments are Fiat (backed by nothing other than the price of the real thing), meaning when people want their real Gold, Oil, Silver, Oranges, Coffee etc, there isnt anything tangible to give or get!!! 700 trillion by the way is currently 10 years of global GDP (10 years of the Worlds income total!).

Where it all started going wrong for Facebook:Facebook's valueFacebook's value is generated by its user base, but its rewards are not to its value generators. Rather than reward the user base that drives the expanding value of the platform they decided to reward Shareholders in the stock that, potentially are not involved in the platform or at least are not proportionally involved when you take into account the unequal spread of stock holdings per investor.

November 2017 saw the start of my efforts to grow an ICO portfolio with the purchase of my first ICO, the Australian peer to peer power sharing company, Power Ledger.Today I have seen that initial investment of around £588 grow to £12000 and back down to £6500 in the following 3 months!

Lets see the support for a 'What You See Is What You Get' HTML Plug-in for Steemit posts!VOTE:YES = UPVOTE and RESTEEMNO = Just stare at this blankly!!

While sailing a strange sight to seeAn actual Currant bobbing past meIn the SeaAn enigmatic Black Currant no less, not the Current of tidal stressMathematically complex an unbreakable codeA new form of something I would guess