Big Banks Vow To Destroy Bitcoin - Is there hope for Steemit?

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Big Banks Vow To Destroy Bitcoin, Replace It With ‘Mega-Cryptocurrency’
Ten of the world’s major banks have vowed to destroy Bitcoin and make their own cryptocurrency, in a bid to dominate the market.
http://yournewswire.com/banks-destroy-bitcoin-cryptocurrency/

Martin Armstrong have no faith in private cryptocurrencies:

Governments are hunting money everywhere. There is just NO POSSIBLE WAY they will allow private Cryptocurrencies to circumvent their control and taxation.
https://www.armstrongeconomics.com/armstrongeconomics101/cryptocurrencies-2/

There is no doubt that we will move toward electronic money. I am skeptical about private cryptocurrencies because anything that threatens those in power losing control or avoiding taxes will be hunted down with a vengeance.
https://www.armstrongeconomics.com/qa/cryptocurrencies/

Is there hope for Steemit?

Piratebay still exists after several takedowns, seizing of servers, and jailtime for the people behind it. On top of that everyone using it are running a risk of being targeted by law enforcement. I don't know where we stand compared with Piratebay, but I doubt that this platform can become more resilient than that. From my perspective the future for Steemit doesn't look very bright, unless the majority are willing to become outlaws. If I am wrong, please enlighten me.

Mike Adams vision of the future for Bitcoin doesn't seem very far fetched:

The bottom line? Bitcoin is headed for failure, but cryptocurrency is here to stay. The most likely long-term scenario in all this is that we’ll see a cryptocurrency backed by JP Morgan and the government — a blockchain with built-in NSA snooping and an identity layer so that all transactions can be tracked by the IRS to enable government confiscation and criminalization as deemed “appropriate” by the crooks in Washington.

Once this “approved” blockchain is rolled out, it won’t be long before government finds a way to criminalize all “unapproved” blockchains such as Bitcoin, Ethereum, etc.

And how hard is it for government to criminalize Bitcoin? Not hard at all: It’s a simple matter to run a false flag dirty bomb operation — the FBI already masterminds and executes terrorist plots every day across America — then make sure the “bad guys” who are recruited into the sting operation are fully funded by Bitcoin.

A few hours later, the fake news New York Times will declare, “CHICAGO DIRTY BOMB TERROR PLOT FUNDED BY BITCOIN.” And the house of cards falls like dominoes. The entire media will be directed by the CIA to describe Bitcoin as a “currency for terrorists, murderers and drug dealers,” and Bitcoin will be targeted in exactly the same way the Silk Road was taken down. A few Bitcoin promoters will be imprisoned, the government will claim it’s “fighting terrorism,” and the clueless sheeple of society will applaud the news that they are being “protected” by authorities.

Seeing all this play out is as clear as day. And why is this so obvious? Because we are all living as slaves in a totalitarian society run by fake news, fake terrorism and fake authority.
https://www.naturalnews.com/2017-09-17-john-mcafee-accidentally-revealed-why-bitcoin-is-a-total-fraud-behold-the-logic-of-artificial-work.html

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