The coming year will be critical for cryptocurrencies, according to Charles Hoskinson, the developer of Cardano (ADA), as the government makes groundbreaking decisions for the sector.
Hoskinson spoke to guests at the Cardano Community event about how the cryptocurrency industry has changed substantially since the inception of Bitcoin (BTC).
According to him, Bitcoin was worthless in 2009. No one cared and it was a single person or entity. In a day, the hash rate would double or triple. It would drop dramatically when they went on vacation or stopped mining. Take a look at how delicate that is in the present.
He added that he had recently returned from Mongolia and revealed that a camel herder had it (BTC). When you travel to Dubai, there is a king who says that restrictions should be made in this regard. It is amazing that nations have adopted bitcoin… There are actually two, one is the Central African Republic.
He also said that forty-four central banks were invited to El Salvador to carry out this discussion, but it is only the beginning. Ten years ago, we discussed how to persuade PayPal to mention us.
A statement from Larry Page would be fantastic. It would be amazing if Bill Gates said something. It turns out that everyone loves Bitcoin and hates Bill Gates. I guess we win.
Next 12 months to witness something “more”
Hoskinson says that he anticipates significant changes in the industry in the next 12 months. More will happen in this industry and around the world in the next 12 months than has ever happened in the bitcoin space in the previous 14 years.
“Standards will be set, laws will be made, decisions will be made that will fundamentally change the way you use cryptocurrencies, what you can do, what you can’t do, who is a criminal, who is not, and we have some decisions to make: do we want to live in a world of liberty and freedom or do we want to live in a world where people tell us what we can do?
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