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Re: Seasighs post# 71621

Wednesday, 06/09/2021 3:59:49 PM

Wednesday, June 09, 2021 3:59:49 PM

Post# of 79856
I saw that Strong Wrote a bit about his Wyoming Article in this other lightly unrelated article... https://www.petedinelli.com/2020/04/23/john-b-strong-guest-column-help-nm-recovery-last-with-liquor-license-reform-blockchain-economy-software-programmer-bootcamps/ Let’s move on the emerging Blockchain economy. I wrote about that here: https://www.petedinelli.com/2019/10/11/john-b-strong-keeping-up-with-wyoming-or-how-to-stake-our-claim-to-a-piece-of-a-multi-trillion-dollar-industry/ I argued here that even though Wyoming is leading the nation in staking a claim to this multitrillion-dollar industry, New Mexico is the logical home for it. We have the highest concentration of PhD level brain power in the world with two national labs, and a competent research University system. Wyoming, has none of that, and yet they have landed millions of dollars in startups and new businesses in this emerging industry simply by-passing legislation making it attractive to locate there. Colorado has tweaked their own laws and attracted more than $100,000,000 in investments in the state. The point here is that the companies in this emerging technology are not asking for money, but legislation to create a favorable climate to do business, and experiment in an industry that is so new and groundbreaking that there is little law and regulation that covers it. Wyoming has had great success by creating a “sandbox” that exempts these companies from certain rules and regulations while they experiment with new products and technologies. Let’s be clear, the blockchain will revolutionize all aspects of business and communication, and it is likely the only industry that can grow enough to actually replace our dependence on the Permian oil fields. It would be irresponsible not to do what we can to make New Mexico a national leader in this space.

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