RE: Cryptocurrency FUD Is Real And That Is Why It Is Going To Make Most Steemians Rich!!!
Thank you for a balanced perspective sometimes you are so optimistic it gives me whiplash X-D . I do not believe they are shaking in their boots though, I am quite sure they have a Plan A, B, C, D all the way to Z, and I am sure they are not going anywhere soon.
Somewhere in that list of plans, not far down the list though, perhaps plan C or D (after crushing crypto fails) is for them to get in on as much of the action as they can and I believe they are working out a plan to destroy crypto while also poising themselves to buy as much of it as they can for the lowest price possible in case that plan doesn't work. They will not be going anywhere anytime soon, but the amount of 0's in the wealth will be flowing all over the place, they won't be able to control it all so some of us normal people (perhaps most of us here) could become very rich from the game they are playing.
I agree with you....arrogance is a tough thing to overcome.
Retailers did not fear Amazon....
Blockbuster and Movie Gallery didnt fear Netflix....
The newspapers didnt fear the Internet, in fact they embraced it....
Kodak didnt fear digital cameras...it was a film company after all....
History is littered with industries and companies that overlooked the threat of something new. Perhaps terror would serve the banks well.
Nevertheless, I think you point if validated in that they are going to the same playbook they always do...
Spread FUD
Try to get the government hacks to regulate it
Buy it up
That is the banker model for dealing with something that is a threat.
Thank you for the comment, you gave me an idea for another post.