First Anti-Crypto Conference for Skeptics to Bring Together the Haters
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Anti-Crypto Conference
Author and symposium organizer Stephen Diehl told Castor that the goal of this first such anti-crypto conference is to provide the public with a chance to communicate with legislators about how they think the crypto business ought to be handled.
"The main goal of the symposium, as Diehl explained it to me, is to give policymakers access to the information and material they need to make informed decisions around crypto regulation."
Castor and other bitcoin doubters believe that government officials don't have a firm knowledge of the fundamentals of how cryptocurrencies operate. Government representatives are, in Castor's words, "woefully misinformed." Since supporters would highlight the sector's advantages and technology, the similarities might end there. The disadvantages, such as what Castor referred to as "the current DeFi domino fall," will be highlighted by the doubters in comparison.
Castor bemoaned that "deep-pocketed crypto businesses with tonnes of venture capitalist support" are the critical voices heard by legislators, who might be swaying their choices. Her opinion notwithstanding, it still looks pretty challenging for the cryptocurrency business to advance in many places, such as in New York State, where a ban on Bitcoin (BTC) mining is looming.