This State Representative Is Out to Make Illinois the Next Crypto Hub – Blockworks

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Pat
4 years ago

Croke’s youth and lack of experience is telling.

FDIC coverage for crypto? Don’t quite understand how that would work, the FDIC insuring the value of crypto.

Aaron
4 years ago

Lol. Not gonna happen. $.035 per kWh in nebraska.

debtsor
4 years ago

This seems like a perfect metaphor for IL – a worthless currency with artificial supply constraints and $0 intrinsic value!

“The bill passed unanimously through the Illinois House in April and will be up for vote in the Senate as soon as mid-October. ”

Remember what I said, the IL Democrats have an open agreement to pass each other’s bills no matter how whacky or crazy.

Susan
4 years ago
Reply to  debtsor

Disagree. Intrinsic value of fiat currency, printed at political will of corrupt rulers can be called worthless. You should do a little more research on the large topic of altcoins (which facilitate projects of decentralized control, thus known as drivers of “anti-corruption”). Crypto was created as a response to 2007-2011 government bailouts which enriched a few corrupt insiders (allowed in the room where it happens) at the expense of the many outsiders (taxpayers who never got a shot at competitive bidding for (collateralized debt) assets undervalued and overleveraged when the gavel banged…and then handed the bill for these anal fistings… Read more »

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