Now, the Core Subject of this hearing is not Bitcoin Or Dogecoin or any other cryptocurrency. Instead its the explosion of cryptocurrencies over the last decade that has created the context for understanding the potential value and risks of digital currency. There are substantial difficulties with our current Payment System. Nearly 33 million americans have been locked out of the traditional Banking System. Theyre forced to use check cashers and payday lenders for basic banking services, and those with traditional checking and savings accounts found that many of the largest banks have proven to be untrustworthy, gouging customers for overdraft or other fees or in the case of wells fargo, just outright cheating their customers with fake accounts and fake services for which the customerS Pay dearly. So what are the alternatives . Digital currencies have been hyped as a solution to these problems. Early advocates claim that cryptocurrencies would open up the Financial System and deliver f
The explosion of cryptocurrency over the last decade that has created the context for understanding the potential value and risks of Digital Currency. There are substantial difficulties with the current Payment System. 33 million have been marked out, they are forced to use check cashers. Even those with traditional savings accounts find that many of the largest banks are untrustworthy, gouging customers for overdraft, or in the case of wells fargo, outright cheating their customers with fake services for which the customerS Paid dearly. What are the alternatives . Digital currencies have been hyped as a solution. Advocates claim that cryptocurrencies would open up the Financial System, and deliver fast, cheap and secure payments to anyone with an internet connection. OtherS Pointed out that crypto was a way to avoid the risks of dealing with yanks that squeezed customers drive. CryptoS Promises have not come to pass. Instead, here is what is happening in the real world with cryptocurr
It is the explosion of cryptocurrencies over the past decades that has created the context for understanding the potential value and risks of digital currency. There is substantial difficulties with our current Payment Systems. 33 million americans have been locked out of the traditional Banking System. They are forced to use check pastures catchers and other services. Even with traditional savings accounts, the largest banks have proven to be untrustworthy. Counting companies customers for overdrafts or in the case of will wells fargo, outright cheating. What are the alternatives . Digital currencies has been hyped as a solution to these problems. Advocates say the currency would deliver fast, cheap, and secure payments to anyone with an internet connection. OtherS Pointed out that crypto was used by banks that squeeze customers dry. Here is what is happening in real world with cryptocurrencies. Cryptocurrencies have turned out to be a forthright alternative to real currency. Cryptocu
Joining us are three telecommunication reporters. On your left of the washington post, in the center, Margaret Mcgill of axial sand on the far right, john of politico. We will start in reversing i want to start with president trump suit, the suit that he filed against facebook, twitter, some of the other companies. John, what is your thoughts on this and is it going to go anywhere . Guest hello, peter. Great to be here. Good question. I think right now most people are looking at the suit and not necessarily think it has many legs in court but i think the important thing about it is what it might be two or four years from now and setting up of some of the rhetoric will be around midterms. Its going to be coming to these notes around a big tech its going to be dominating a lot of that debate and for him its a useful issue to come back to. Use all repeatedly invoking the concerns around the section 230 protections the tech companies had and in a way that was interesting because it seemed
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