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Bitcoin [BTC]’s censorship resistance will propel it towards mass adoption, says mining firm Argo’s head

Akash Anand

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Bitcoin [BTC]'s censorship resistance will propel it towards mass adoption, says mining firm Argo's head
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On Friday, 14th September, Jonathan Bixby, the Chief Executive Officer of Argo, a mining company stated that the demand for cryptocurrency has actually suffered from the bearish market but there is still hope for mass market adoption.

He stated that the affiliation of normal market users to cryptocurrencies is still in the early stages with a majority of them being early adopters. The CEO went on to say that the main problem that affects the industry is misconceptions with cryptocurrencies and blockchain technology. People just need to simplify and understand what the fintech industry is really about and that will solve almost all the insecurities related to cryptocurrencies, he said.

According to Bixby, the current market scare and the downturn is a reaction to what happened almost 10 years back, the Great Recession. The financial crash of 2008 was one of the most catastrophic market drops in modern financial history on par with the Great Depression. This week also marks the fall of Lehman Brothers, the financial giant that filed for bankruptcy and acted as a catalyst for the market implosion.

Jonathan Bixby said that the market crash acted as an example that centralized financial systems do have some faults and an overwatch is necessary. He also stated that one of the crux problems with centralized exchanges is the taxations and deliberate censorships. This fueled Bixby’s arguments with him pointing out the fact that Bitcoin [BTC] has censorship resistance as it is based on a decentralized system.



Additionally, he spoke about the regulations being placed on Bitcoin and other cryptocurrencies, focusing his words on the moves undertaken by the Securities and Exchange and appreciating some of the decisions. He stated that people need to understand what they are investing in instead of blindly following the herd.

Argo provides individuals with a cheaper option to mine cryptocurrencies, an operation that is based out of Quebec, Canada. Argo was also in the news recently when the mining firm raised $32 million in a London Initial Public Offering [IPO]. Bixby had stated:

“Argo’s admission to the London main market is a major step in the company’s development and will put us in a strong position to execute our long-term growth strategy. We are delighted with the strong response from investors which will enable us to grow our business in multiple jurisdictions.”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

Bitcoin

Craig Wright withdraws evidence, US Presidential Candidate emphasizes on crypto-regulation and more

Priya

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Craig Wright withdraws evidence, US Presidential Candidate emphasizes on crypto-regulation and more
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Daily Crypto News – April 18

Craig Wright withdraws email evidence: The self-proclaimed Satoshi Nakamoto withdrew the email evidence submitted to the court with regard to Kleiman case. This news comes days after some members in the community suggested that the email evidence was “fake”. Notably, the evidence was withdrawn as Wright could not verify the timeframe of when the emails were exchanged.

To know more, click here!

US 2020 Presidential Candidate urges the need for cryptocurrency regulation: Andrew Yang, the United States 2020 Democratic Presidential candidate, released a new policy, which emphasized on the need for regulating the digital asset place, and also listed the actions he would do for the cryptocurrency market as the President. On his official Twitter handle, Yang stated that, “Investment in cryptocurrencies and digital assets has far outpaced our regulatory frameworks”.

To read more, click here!

Bitcoin SV network witnesses yet another blockchain reorganization: It was reported that Bitcoin SV’s network witnessed another blockchain reorganization on a 128 MB block, with over six blocks orphaned [#578640–578645]. Moreover, Bitcoin SV’s network was unresponsive for over an hour.

To read more, click here!



Craig Wright takes on evidence and law: In a recent blog post, Wright speaks about proving to be the creator of Bitcoin, Satoshi Nakamoto. He stated that, “the important thing to understand is: law is law. Code (programs and algorithms) in any form is merely evidence… You see, ownership of the key is not proof of anything other than the possession of a key”

To read more, click here!





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