Categories: Bitcoin Entertainment

Think Tank Launches To Educate Lawmakers and the Media on Blockchain Technologies

Click here to view original web page at cointelegraph.com
Coin Center

In September, Coin Center announced that they were launching a blockchain-technology think tank with a $1 million budget. Tuesday, they kicked off the website, which includes a number of resources.

The think tank, which they call “a new voice for Bitcoin,” is dedicated to spreading knowledge about cryptocurrency technologies. Coin Center runs under the vision of Executive Director Jerry Brito, who left his position as senior research director at Mercatus Center to start the advocacy group. They want to encourage a more supportive regulatory climate for Bitcoin.

“Success for us is a world in which regulators, the media, and the public understand what cryptocurrency technologies are (and aren’t) and why they’re important,” Brito said in an introductory open letter.

Brito called Coin Center a think tank for “pragmatists,” following the idea that cryptocurrencies will be regulated in some capacity, whether some people like it or not. It is important to educate decision-makers, they believe, so that decisions can be informed: “Without a clear understanding of the technology, it’s easy to get the policy wrong.” The think tank plans to focus on issues where Bitcoin has had run-ins with the law, such as consumer protection, privacy, and AML/KYC laws. They have already started chatting with a slew of government agencies, such as FinCEN and the CFTC.

People are split in how they want to approach regulators. Some radical Bitcoin proponents, like Cody Wilson, want the government to stay out completely and think it would be better not to talk to regulators at all.

The website has launched with a number of resources regarding Bitcoin basics—including an introduction to multisig technology and a primer on difference between Bitcoin payments and credit card payments.

As CoinTelegraph's William Suberg reported in September, the advocacy group has rounded up plenty of support:

“Members on board include Mosaic coauthor and Netscape cofounder entrepreneur Marc Andreessen, economist Professor Susan Athey and even Bitcoin core developer Jeff Garzik. At funding level, extant Bitcoin startups BitPay, Coinbase, BitGo and Xapo join a lengthy list of private and corporate investors, a press release issued Thursday confirms.”

Fellows at the think tank also include New York Law School Professor Houman B. Shadab and Start Bitcoin founder Elizabeth Stark.

But even with all the support, they want to be realistic about where Bitcoin currently stands:

“We think Bitcoin and block chain technologies have a bright future, but it’s going to take a lot of work.”

Did you enjoy this article? You may also be interested in reading these ones:

Are you holding on to your bitcoins hoping their value will increase? Why not trade in the meantime using up to 8x leverage. Profit in rising, falling or flat markets. Find out more at https://www.coinarch.com/

The think tank, which they call “ a new voice for Bitcoin ,” is dedicated to spreading knowledge about cryptocurrency technologies. Coin Center runs under the vision of Executive Director Jerry Brito, who left his position as senior research director at Mercatus […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Is Boris Gone Landslide and How Would Bitcoin, Markets, React?

The sun has returned on London streets as Boris Johnson, the unelected British Prime Minister, once again covers our TV… Read More

3 hours ago

California Man Admits Masterminding $25 Million Bitcoin Launder Fest

A Los Angeles man has plead guilty to a multi-million money laundering scheme. | Source: Shutterstock By CCN Markets :… Read More

3 hours ago

WORLD NEWS: This Week in Blockchain and Crypto

This week has seen interesting developments around the globe on crypto projects and governments interest in the digital assets space.The… Read More

3 hours ago

Bitcoin Circuit: Is it a scam? Read our comprehensive review!

If you are looking for ways to speculate on cryptocurrencies, then I am sure you have thought about signing up… Read More

3 hours ago

Model: Bitcoin (BTC) Price to Surge 100% to $20,000 by May

In just around nine months, Bitcoin (BTC) will see its next block reward reduction — dubbed “halving”. Despite this rapidly… Read More

3 hours ago

Early Bitcoin Contributor Projected $10 Million BTC Price 10 Years Ago

Share Tweet Send Share Just a week after the bitcoin genesis block in January 2009, computer scientist Hal Finney published… Read More

3 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More