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Forms Bitcoin Advocate and CFTC Commissioner Bart Chilton Has Died



The former US Securities and Futures Trading Commissioner and blockchain supporter Bart Chilton has died.


Chilton was also known for his tight stance on swaps and derivatives, as well as being a critic of high-frequency traders. Chilton will also be remembered as an advocate of bitcoin and the application of blockchain technology in general. As a Forbes contributor, Chilton wrote a couple of pieces for the publication highlighting the strengths and areas of the blockchain could take.

be learned from Queen & Freddie. ”In his piece, Chilton drew parallels between the blockchain and the 1

970's hit song.

'Get Creative'

time, there are lessons to be learned from Queen and Freddie. That's especially true for those in the emerging and exciting world of blockchain and cryptocurrencies.

His first piece of advice for anyone involved in the cryptocurrency industry was to be divergent. in the industries of "finance, real estate, precious metals diamonds, or gems." He notes that the blockchain "can be used in these areas," yet for entrepreneurs being "more disruptive" remains as the key differentiator between competitors and

Chilton's second piece or crypto-wisdom was "persistent." He noted that Queen was repeatedly told by executives in 1970s that songs were longer than three minutes would not receive air time, yet Bohemian Rhapsody was almost six minutes in length.

On the subject of persistence, Chilton noted: e can be true for imaginative blockchain applications and cryptos. But it is more than just adding the word "blockchain" to a project. It requires persistence and perseverance

Time, Money, and Effort

Chilton's third piece of advice for crypto startups is to devote time, money, and effort into worthy ideas. "Money seems to be the key culprit for causing folks to abandon or forestall their vivid visions," he wrote.


Images courtesy of Shutterstock, Bitcoinist archives.


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