For Jimmy Wales crypto no, blockchain yes
For Jimmy Wales crypto no, blockchain yes
Blockchain

For Jimmy Wales crypto no, blockchain yes

By Marco Cavicchioli - 13 Jun 2018

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For Jimmy Wales crypto no, blockchain yes: Leggi qui l’articolo in Italiano

Jimmy Wales is the famous founder of Wikipedia.

He is known not to have a particularly optimistic position towards cryptocurrencies, so much so that long ago he defined them “a bubble”.

His position in relation to the blockchain, on the other hand, seems diametrically opposed. He recently stated that it is not possible to “ban” blockchain, because it is basically mathematics and, by definition, “mathematics cannot be banned”.

He also described as “stupid and crazy” those who would like to ban the use of this technology.

Wales also added that blockchain, as a technology, does not even need to be regulated. He admits that many projects based on the network of blocks could only turn out to be scams, due to the lack of responsibility of those who promote them.

“Of course it would be enough for the existing laws to be applied,” he adds.

For Wales, the problem is not one of regulation, but of the capacity of the police to intervene and of the tools at their disposal. In fact, despite the laws, it is difficult to enforce them because the law enforcement agencies struggle to find criminals.

So for Jimmy Wales, it is on this last point that we need to find new solutions.

As regards to the possible use of this technology by counties, Wales says they should be careful, as it is taxpayers’ money.

Speaking of cryptocurrencies: the fact that it was considered a bubble does not mean that they are totally worthless.

On the contrary, for Wales, the bubble is generated by an excess of ‘euphoria’ for these technologies and by an excess of meaningless investment.

He confirmed that he has a few cryptocurrencies, but that he is not involved in any blockchain-based project at the moment.

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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