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RE: The Crypto market is getting thrashed, here's why...
Facebook is not going to stop development.
Why would they?
These calls to halt development are laughable.
They would rather have a working product that isn't allowed to go to market until they straighten out regulations.
I view this whole situation as the central banks freaking out and trying to catch up with their own "cryptocurrency", which is also laughable.
Crypto is all about targeting community, so who are banks going to target? Their own customers that already have access to financial services? These idiots just need to fix their own system. Such dinosaurs. Much wow.
True, they may not, but they may not be able to actually launch it until later than they projected... possibly much later depending on how long this all takes...
Yeah but they can weasel there way into crypto-friendly countries and move out from there. It can't be stopped. There's too much money there. They can buy their way in.
That is the hope! ;)