At the November 16 Jersey Shore Tech Meetup?“Cryptocurrency & Initial Coin Offerings: Wave of the Future or Death by Regulation?” a packed house of 50-plus people with standing room only considered this dichotomy. The event took place at Cowerks’ freshly renovated offices in Asbury Park, which are also the home of Jersey Shore Tech.
A drastic, perhaps irreconcilable, dichotomy between two schools of thought exists regarding cryptocurrency.
One school believes that cryptocurrencies, such as Bitcoin and Ether, are the inevitable result of technological innovation and should be wholly embraced for their ability to reduce friction in business transactions and to reduce the cost of capital. The other expresses concern about the negative impact of cryptocurrencies on state sovereignty, including the ability of countries to control and regulate their money supply.
Click to read “Energized Crowd Hears Sorin Discuss Cryptocurrency and ICOs at Jersey Shore Tech” article.