Removed
Removed
7 years ago in #bitcoin by dragos0897 (53)
$0.04
- Past Payouts $0.04, 0.00 TRX
- - Author $0.04, 0.00 TRX
- - Curators $0.00, 0.00 TRX
Removed
Removed
Removed
I've upvoted the post because it raises an issue of worthy debate. Having said that, the thought that the banks and central banking will go quietly into the night loosing all their power is a bit premature in thinking.
American colonists in the 1700's started using colonial script throwing off the central bank of England's (English pound) that was issued at interest. England's response was to send a standing Army to the colonies! Even now,
central banks are looking at blockchain technology and as soon as they formulating a cohesive plan to bring about a central bank blockchain crypto-currency, you can bet they will have every government on the planet outlawing any competitor! And any holder of a competing crypto-currency to that new Fedcoin/fednote will be branded a terrorists, just as the American colonists were.
The only way an independent crypto-currency survives in the future:
Encryption that either cann't be broken or would take 100 years to break it.
Just as the Colonist in America did, they pledged their lives, their fortunes and their sacred honor to defend what they believed in.
You would need servers that no government couldn't hack or shut down.
And you will need a base of users who will take the stance that Charles Heston took on guns, when he said "From my cold dead hands" and apply it to their ownership of alt. Crypto-currencies competitors to a central bank coin.
And last but not least, the only way for a crypto-currency to survive in the future will be for it to have the ability to defend itself against cyber-attack.
So enjoy the profits of crypto's while you can, because when central banks release their own blockchain coin, there will be a one world currency and you won't be able to buy or sell without it!
Perhaps it's a good time to read Revelations in the Bible!
Mi voto amigo.
I am keen to learn learn more on bitcoins. I shall try to follow your articles.
The government ain't got shit on the blockchain