The decentralization of power means taking money out of the hands of the central bankers. Therefore, why call a technology that does this “dangerous”?
After all, blockchain technology (as patented by the USPS under Trump) could have (or did) saved the 2020 election, if implemented. Just one example of MANY, how it could help end corruption.
So why? When he says dangerous, does he mean to Establishment finance?
https://decrypt.co/89108/donald-trump-calls-crypto-dangerous-even-as-melania-launches-nft
Yes. It took a while to recognize it, but a while ago I was on Steemit and there was regular discussion of the value of the coins and cryptos in general.
Every so often a whale would quit and cash out, when that whale pulled out their cash the entire market dropped (I mean pennies, but noticeable). Then there would be a story of a major influx of cash and suddenly the price boosts. Then this happens in bitcoins and the steem coins price was also impacted.
Once that trend clicked that the value of the overall market depended on the continued input of cash from new investors to influence the price, that the entire crypto markets are by definition a ponzi scheme. If the whales (big holders) all sold at the same time, the value would be so low that nobody would want them anymore.