California Groundbreakers

Pop-Up Panel: Blockchain & Cryptocurrency - What Are They, and How California Wants Us to Use Them

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Sinopsis

** This conversation was recorded on April 17, 2019** California’s legislature is looking at how to make blockchain and cryptocurrency easier to use here. One bill would set up a structure for regulating virtual-currency business activities in the state. Another would require California to start accepting “stablecoins,” digital currency tied to the U.S. dollar, from cannabis businesses starting in 2020, so they don't have to pay their taxes and fees via briefcases full of cash. And blockchain isn’t just about currency — California water-rights experts are placing IBM-made sensors in Central Valley rivers to monitor real-time volume and usage. And the Sacramento Kings, the first sports team in the world to accept bitcoin at its games, is using blockchain can improve the fan experience at Golden 1 Center. But what exactly is this blockchain thing? What’s the point of Bitcoin? Do you need to start learning how to buy cryptocurrency, or is this a fad that will be old news next year? Listen to our easy-to