RE: When Will Cryptocurrency Go Mainstream?

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Interesting transit of Uranus in Gemini trine Pluto in Aquarius symbolize's network explosion of smart contracts executing on massive scale. This happens in the element air in 2026.

I do have a worry that I've not been able to settle about the possibility of fractional reserve bitcoin (fake bitcoin being issued on centralized exchanges that don't submit truth to the blockchain).

I think the key is to make sure that people understand how important it is to become your own bank. If users stay complacent leaving their crypto on centralized exchanges, then JPMorgan might buy up Coinbase, Wells Fargo buys up Kraken, etc until all those exchanges are playing by banking rules.

What if the exchanges follow their usual 1:9 rule of issuance buying only 1 bitcoin for every 9 bitcoin that is bought on their exchange. That could cause massive price suppression and be the reintroduction of QE but in the crypto space. The only way to stop this is to make sure you're following Trace Mayer's proof of keys.



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Yes the exchanges are certainly doling out more "bitcoin" than they have. Some are going to be stuck holding the ball on that one.

The bankers getting a hold of a coinbase is certainly something to watch. Although with blockchain, you can always verify the number of tokens out there. The fraud is harder to pull of when an open accounting can take place at any time.

People will have to keep learning the hard way not your keys, not your coins.

Posted via Steemleo

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