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RE: Legacy Governments and Banks are like walking Dinosaurs. The Bitcoin meteor has already hit, they are just waiting for mass extinction.
I can't wait to see them eat their words about cryptocurrency when they inevitably try to adopt blockchain tech! Hope they continue to stay behind the times and fall out of relevance...
Yes, in the end they must conform to our standards. The people's standards, ruled by math and consensus. Unlike the corrupted banking systems of the past everyone is welcome to get involved in whatever way the can.