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Today’s video is sponsored by the team over at jinglemining.com, the largest Jazz minor Asic distributor in the world. Jingle Mining strives to offer the most efficient and quietest Asic miners in the industry through its partnership with Jazz Miner.
All About Jingle Mining
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The World of Crypto and Politics
A Conversation with Hawk Crypto Mining
It is my pleasure today to be joined by Hawk, my fellow crypto expert. We continue our discussion about crypto and politics. As we have previously noted, we live in interesting times where crypto mining is perceived as the end of the world. Some cryptocurrencies are not following market trends resulting in an unpredictable market.
The SEC has been attacking everyone who is related to crypto, suing companies like Binance, Coinbase, and Crypto.com. While this could be damaging crypto in the short term, Hawk strongly believes that long term, crypto and decentralized exchanges are bound to thrive. He pointed out that the government can’t stop crypto; it’s too big and even if they try to regulate or tax it out of existence, people will find ways around it.
Decentralization and Anonymity
We all agree that the appeal of cryptocurrency is decentralization and anonymity. However, the trend has been shifting with KYC spreading faster than most of us would have expected. The process is moving backwards and is creating a giant mess. A regulation at a coin level that requires projects to become registered would help the situation, so there’s proper definition, clear regulation, and clarified tax rules.
The Future of Crypto
We are all wondering where crypto mining is going to be in five years. But one thing is clear; AI poses a new threat. The adoption of AI will see crypto take a back seat, but the market will be fine, and crypto will still strive.
Many young politicians are embracing crypto and mining, knowing it brings in revenue. There are even a lot of current candidates who are intelligently speaking towards or supporting crypto which is in stark contrast to the older generation of politicians who see crypto as a threat to their established system.
With the younger generation politicians embracing crypto and crypto becoming more mainstream, the future of crypto looks promising. The next ten years will see those who have been exploiting the system finally phased out as the world adopts a more decentralized form of currency. In this era of awakening, people are tired and are embracing crypto. Despite the challenges, crypto will continue to thrive because it can’t be stopped. The future of crypto is here.