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RE: Governments Are Not Invited

in LeoFinance3 months ago

Cryptocurrency's major value proposition is that it is peer-to-peer transactions. In an environment like this, that is powerful. Not only are governments, and their banking cronies, not invited, they are not even needed.

Preaching to the choir on this one, bro!

One of the things I teach my students is that the rise of ubiquitous peer-to-peer transactions (and the subsequent elimination of the need for 'middlemen') will continually decrease the importance of both big corporations and government. This explains why both are interested in getting involved with (i.e. 'controlling') blockchain-related technologies.

Right now, it is interesting to see major institutional investors buying up BTC and thus fueling the path to their own obscurity.


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Right now, it is interesting to see major institutional investors buying up BTC and thus fueling the path to their own obscurity.

It is an interesting turn of events when you think about it. They are helping to fund their own demise.

They do not see it that way though. They believe they can control it. Arrogance creates blindspots.

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