Blockchain Discussion Focuses on Development Problems in the U.S. | Live Bitcoin News

Rob Nelson – the anchor of Roundtable – recently hosted a discussion about the impacts of global offshore blockchain companies.

Is Blockchain Underused in America?

The discussion primarily centered on the technology itself and on what countries stand to lose if they allow the competition regarding blockchain to become too fierce from other nations. In his opening remarks, Nelson said:

Blockchain technology is so transformative. If we lose it, it’s like we’re losing semiconductor chips in the mid to late eighties. We lose a key driver for technological growth, not just jobs, but the next generation of tech worldwide technological advancement.

Jon Najarian – founder of Market Rebellion – also threw his two cents into the mix, claiming that there simply isn’t enough blockchain development happening at the time of writing. He said that this could ultimately lead to less-than-stellar growth in the arena. He mentioned:

It’s still a semiconductor, but it doesn’t handle nearly the speed, the number of transactions, and all that sort of stuff. Taiwan, obviously a world leader in the space for that, has operated, and that’s one of the things that China would love to get their hands on.

Among the countries that really appear to be falling behind when it comes to blockchain is the U.S. For example, the nation’s financial agencies – like the SEC – appear to be utilizing regulation-through-enforcement tactics that are causing lots of problems for crypto companies. Some, like Coinbase, have sought to open headquarters in other regions to avoid the ongoing lack of regulatory clarity.

The SEC has made it clear it’s not interested in solidifying or stating the rules and laws surrounding crypto use and development in the United States. Rather, it’s taken on an attitude of, “Do what we say or else,” and this is not the way for companies to flourish.

Najarian used the Crypto Valley in Switzerland as a prime example of positive blockchain growth, and he stated that for other countries to take the lead, they need to follow the example laid out by Switzerland. He mentioned:

The Crypto Valley in Switzerland flourishes because the Swiss regulators have set down the guidelines. We refuse to do that.

Alex Mascioli – founder of Trade the Chain – also took part in the blockchain discussion and said:

I don’t know why they’re focusing so much energy on this. You have bad actors that come into any new space. The internet, crypto, this is nothing that’s any more disproportionate than anything historically that’s happened. I don’t know where the tough guy attitude’s coming from or who it’s going to serve.

What’s the Point to Such a Bad Attitude?

Nelson agreed with this and asked at the end:

Is it intentional because there’s just an anti-crypto bias? Is it just misguided? But either way, what fixes it?

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• Source: https://www.livebitcoinnews.com/blockchain-discussion-focuses-on-development-problems-in-the-u-s/