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jeffrey E. Aug 17, 2014 4:14 AM
philip Im going to treasury to talk virtual currencies. ideas ? quesitons?
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Philip Rosedale Aug 18, 2014 5:19 PM
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jeevacation@gmail.comjeffrey E.
tell 'em the end is near. :)
Well... there is ton going on, obviously. BTC itself likely to become a kind ofhedge commodity, but not yet a currency for transactions (which they worry about). But... there are ways to manage a decentralized currency to keep it's value really stable - basically increase money supply to peg against USD/EUR.
And wallet providers (like coinbase) will become the new banks - providing people with security from theft and maybe recourse. So those companies will be the ones the USGov should seek to regulate.
Hope you are doing well. My new virtual world is coming together very fast and is going to be big.
