GOD WINS
What if a multi trillion dollar asset transfer is happening under bitcoin and short squeezes, like seen at GameStop?
What if NSA can distinguish illegitimate funds being laundered in bitcoin from honest bitcoin holders?
Would honest bitcoin investors be protected if the bitcoin assets of bad players were seized but retained in the market?
The money is their power and without it, they are powerless.
Uhhh dude bitcoin is being promoted by all the bad guys. [Jack], goldman, jp morgan.
It's not backed by any asset, it is functionally centralized under miners, the transcation rate is so low that institutions will release "bitcoin-backed" currencies where are functionally no different than the digital money we have now.
The cyrptos that will be stable and useful long term are going to have to be backed by something in the real world. Energy, computing power, transportation. The 5000 currencies that were spoken into existence from thin air or from solving puzzles are by definition fiat.
https://medium.com/h-o-l-o/building-responsible-cryptocurrencies-d45d7d2173ed
Bitcoin is literally the establishment's controlled opp attempt to retain some form of control.
Meh both are true. Crypto has the potential to deliver us to a truly long-term stable economy with long-term stable currencies.
It's just that the way the majority of them are designed currently are nothing close to that.
https://www.youtube.com/watch?v=hn7aWuerBB8