posted on Mar, 3 2019 @ 10:25 AM
a reply to: toysforadults
My thoughts align with this well. This is a double edged sword scenario possibly it feels. The peer to peer exchange and open ledger does encourage
decentralization. When 3rd party intermediaries can be drastically reduced and all but eliminated, it may drive down the worth or even need for such
3rd parties. Lawyers, real estate agencies, arbitrators, bankers... could all be an extinct career as services to humans. They'll likely serve the
On the other hand, China primarily dominates the crypto-sphere. It seems a tall feat to expect any government to roll out a decentralized program
that allows for such decentralization to occur, removing their own worth at the same time. The last thing the U.S. wants to see is Bitcoin shoot to
the moon, and sit back while China gobbles up its large market share and almost immediately becomes the world financial superpower.
The meet half way standard government will adopt to keep centralized while retaining all of the block chain benefits may show to be Ripple and XRP.
Being pre-distributed and not a mined coin keeps the system centralized. SWIFT has long been overdue for overhaul.
Once crypto wallets are pre loaded into new cell phone purchases, it is on for good. Perhaps getting the masses to this Bitcoin dominated, unknown
figure who created it, new asset class is the path of funneling the masses into a trap? It's severely insane to think that Bitcoin may change the
financial world as we know it, people are jumping on board with no supports, and the world doesnt even know who Satoshi Nakamoto is??? What are
people running from??? Part of me feels that BTC is to trap those that are anti-fiat into a corner...
This has been 30 years in the making...