“Wall Street and the financial sector are all trying to figure out ‘Well how can we get a piece of these profits?’, and the way it is engineered – they can’t!” Crypto Crackdown? – Bitcoin Can’t Be Regulated – Mike Maloney
Watch the full interview here:
In this interview, Mike Maloney discusses how Wall Street and the financial sector are trying to gain control of cryptocurrencies (Bitcoin) and siphon away profits. Fortunately, the way cryptos are engineered – they can’t!
Types of Crypto-Currency
Crypto-currencies allow electronic money systems to be decentralized, systems include:
Bitcoin, a peer-to-peer electronic monetary system based on cryptography. Ethereum itself is a platform for decentralized applications, meaning that instead of talking to one central server, clients talk to each other. Litecoin, originally based on the Bitcoin protocol, intended to improve upon its alleged inefficiencies. Ripple monetary system, a monetary system based on trust networks. Dogecoin, a Litecoin-derived system meant by its author to reach broader demographics.
Next, conceived as a flexible platform to build applications and financial services around.