RE: Banks Versus Bitcoin: Advantages Of Decentralized Financial Systems
Crypto currency coins will continue to evolve with many flavors developing and most being issued will be stillborn at birth because of the lack of development skills behind them and a high level of scam type personnel initially backing many coins. An increasing amount of users will support crypto currency because many centralized fiat money supply decisions are too arbitrary and are not consumer friendly in the long term. Many governments restrict the amount of money you have, the amount of wealth you have, the type of assets you have, the type and amount of money you can spend on anything all the time. If you look at the United States over the history of the country it has made use and possession of several items illegal over the past 200 years that made people lose their fortunes and made them poor. Remember when holding gold was illegal? Or alcohol? Or various type of food or drugs? Remember that giving or sending large amounts of money to someone else is restricted or illegal unless you give over half of the money to the government? Remember that sending money or assets across borders from one state to another or one country to another is illegal or restricted? Here is the big surprise to all the people in the world is that almost of of these bad rules are still in effect. All the governments are trying to watch you all of the time even when you simply want to buy some piddling amount of food or anything else for that matter. They all want to control you and pay them for living and not because they are giving you some benefit. Crypto currency is simply another option people are attempting to use to make their lives more tolerable because the financial industry and the governments don't have that priority in any of their mission statements as to why they exist.