29 May '17, 6pm

Not the Right Time to Regulate Bitcoin: American Institute For Economic Research

Not the Right Time to Regulate Bitcoin: American Institute For Economic Research

The American Institute For Economic Research (AIER) senior research fellow Max Gulker argued in a recent column entitled “Now Is Not the Right Time to Regulate Bitcoin” that it is not a practical approach towards technological innovation to overregulate Bitcoin and digital currencies at the moment. Bitcoin and other cryptocurrencies such as Ethereum, Ripple, Litecoin, Ethereum Classic and NEM are all at its early stage in development. Bitcoin is yet to deal with its scaling issues that have substantially increased transaction fees for users. Bitcoin fee estimation service providers including the 21 Inc Bitcoin Fees are recommending users a $2 fee or a 420 satoshis per byte fee to have transactions verified and confirmed by miners relatively fast. Ethereum and other cryptocurrencies and Blockchain networks are also dealing with their own scaling issues and developing infras...

Full article: https://cointelegraph.com/news/not-the-right-time-to-regu...

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