RE: US Congressman Calls For Crypto Tech Revolution
Good to see some in politics actually have the foresight to see where we are heading in the not-so-distant future :
” …Emmer is one of the chairpersons of the Congressional Blockchain Caucus. He made his recent statement about Bitcoin and blockchain technology during the DC blockchain summit. During the summit, he said that Bitcoin is key to the technological revolution. In his words:
‘Many, including those in this town, would like to focus only on blockchain and ignore or criticize cryptocurrency. They will tell us that Bitcoin is used by criminals, and the blockchain is a real innovation. It’s true, there are illicit transactions. But that should not be a reason to totally dismiss cryptocurrency.’
Emmer pointed out the fact that Bitcoin is the first use case of blockchain technology. It allows for the transfer of value from one point to the other without the need for intermediaries.
‘This is the revolutionary aspect of this technology, the idea that we can develop an open network in which we control our own data, while freely interacting with each other, and without having to trust gatekeepers. That idea could be one of the major breakthroughs of our lifetime.’ ”