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
Here's a well-written summary of a big problem with bitcoin.
https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
Blockchain is different from bitcoin.
Yes it is different. But read this: https://bitcoinmagazine.com/markets/debunking-misconceptions-from-the-bit-short-inside-cryptos-doomsday-machine
Those are good points to think about. But in a general sense, I lean towards thinking that tether corrupts the bitcoin market in the same way that fake-accounting-supported Chinese stocks corrupt the NYSE. The extent and severity are debatable, but trading on unfunded leverage at all is problematic. Will consider more. Thanks.
Let’s assume Tether is a Trojan Horse. It’s purpose would be to crash blockchain currencies. But why? Because they know it’s our only hope.