The IRS effort, as might be expected, has sparked a broad outcry from both digital
currency advocates as well as users of the tech.
Many digital
currency advocates celebrated the closure of both platforms» lending services, believing them to be Ponzi schemes that hurt the industry's reputation through promises that were «too good to be true.»
The altcoins doubters, haters and
pro-paper currency advocates start taking swipes at the crypto world, calling it a fraud and predicting the market would collapse.
Still, it seems most
virtual currency advocates have something to celebrate since, aside from his more lenient stance on coins themselves, Carney feels that the technology behind cryptocurrency has the potential to enhance and assist the economy as needed.