RE: Now we know what Goldman Sachs has in mind for cryptocurrencies
One of the things I dislike about our current financial system is that the Federal Reserve is a private company that controls our money. They answer somewhat to the Treasury, but it is a centralized system. So now we are going to trade the Federal Reserve for Goldman-Sachs? Didn’t we have to bail their asses out recently so they wouldn’t go under due to their ineptitude? No thanks. I think that the percieved need for a stablecoin is a fleeting concern because we all still use fiat. Once we shed the use of the monoply money (pun intended) that we use now, stablecoins will be irrelevant. Look at how altcoins are traded now; in pairs with BTC or ETH or others. This is a harbinger of the future; we won’t need fiat or Stablecoins. Once the need for an on ramp is eliminated we are paid in crypto, the game changes. Thanks for the post @intellihandling; it got the gears grinding in the old brain!
Thank you for your very wise answer, i totally agree with you, but these things are too big for us and we can just watching what is going on....
That is true to some extent, but we have the power to not use the products we don’t like and to bolster the ones we do. Vote with our wallets so to speak. If its not profitable for Goldman-Sachs then the won’t do it. Grass roots movements are always more powerful then the establishment. We just have to band together. Lets not forget that the government rules because of the will of the people, and by that same token, businesses including banks exist because we allow them to. The unfettered will of the people can do extraordinary things!
I like your lion behaviour, but most of people are sheeps and following the owner...
You are correct; people have been conditioned to follow without question and without thought. They have forgotten how powerful they really are and how easy it is for them to improve their situation. Sweeping change happens when the people unite, but getting them there is the hard part.