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RE: Our money is owned by these mega-banks - Is crypto and Steemit the answer? Your thoughts?

in #money8 years ago

Everything can be bought with money... As soon as these banks are only beginning to feel that they lose power to some cryptocurrency they will influence it in a big way... And the majority of people act for their own profit unfortunately.. And in cryptoland the majority is boss... So.. We will see..

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I agree to an extent. There are banks that are currently building permission based blockchains to handle their middle and back office functions; however a permission less blockchain like bitcoin and Steemit is subverting the bank's role as a middleman. It seems highly unlikely that they'll get in bed with bitcoin or other cryptocurrencies for that matter. It will be shooting themselves in the foot. But only time will tell.

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