You are viewing a single comment's thread from:

RE: How Will Society Change When Crypto Replaces Central Banking?

in Threespeak5 years ago

Next time when there is a financial crisis, banks will not be bailed out as they have created double or more debt than the last financial crisis for central banks to afford to create money via QE , at the tax payers expense. The pubic at large will question and revolt against the system and demand radical changes.

Unfortunately, I think that central banking will somehow remain in some/another form as crypto is not yet established widely in the public domain for it to take over.

Who knows what the central banks are planning for the future! One thing is for sure, they will not give up their position without a fight.

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.030
BTC 58833.91
ETH 3155.94
USDT 1.00
SBD 2.44