Oct 3, 2018
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The Daily: Bitcoin Burns Critics, Bill Clinton Does Blockchain

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The Daily: Bitcoin Burns Critics, Bill Clinton Does Blockchain

There’s never a dull day in crypto. It’s soap opera for geeks who are too busy to do soap opera. Whether you’re a BUIDLER or HODLER, The Daily delivers the latest drama from the cryptocurrency world in less time than it takes to solve the captcha and log in to your favorite exchange. Today’s edition details a hit piece on Bitcoin that gets everything wrong and Bill Clinton’s foray into the realm of blockchain.

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Bill Clinton Steps Out of Retirement and Into the World of Blockchain

Today’s edition details a hit piece on Bitcoin that gets everything wrong and Bill Clinton’s foray into the realm of blockchain.Crypto Twitter was watching closely and meming intensely when former US President Bill Clinton stepped up to make the keynote address at Ripple’s Swell conference yesterday. His remarks read in places as a blockchain-by-numbers monologue penned by a scriptwriter who wanted to please everyone and offend no one: “The more you develop new technologies like blockchain,” ruminated the ex-President, “AI technologies, robotic technologies…the more the disparity of access is going to be felt.”

He also implored: “You can’t apply an old regulatory regime to a new technology. You end up killing the goose that laid the golden egg,” which could be a veiled plea to the SEC not to prosecute Ripple for selling an unregistered security, or simply some well-meaning advice to overzealous US regulators seeking to make their mark on the rising cryptoconomy. Ripple CEO Brad Garlinghouse’s speech at Swell was less vanilla, including an attack on BTC on the basis that “XRP is about 1,000 times faster than a bitcoin transaction and about 1,000 times less expensive than a bitcoin transaction.”

Mr Garlinghouse was being more than a little disingenuous there, since anyone can create a more centralized altcoin and boast that is faster and cheaper than bitcoin, but his comments were well received, at least, by holders of his company’s ripple cryptocurrency.

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