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This is why I doubt any major cryptocurrency advances will come from an established company. The risk of noncompliance for them is too great, but to have an eff
by camjohnson26 7y ago
This is why I doubt any major cryptocurrency advances will come from an established company. The risk of noncompliance for them is too great, but to have an effective cryptocurrency you have to build it resistant to outside control. It’s a catch-22 for the companies.
Why does a cryptocurrency have to be resistant to outside control? Because otherwise there’s no reason to use it, since the existing networks run by Visa or the US dollar are more efficient and scalable. The value of bitcoin is in its equalization, no one person on the network’s voice matters more than another.
- ThrustVectoring 7y agoYeah, in my book this is more of an attempt by a consortium of powerful companies to get a favorable regulatory regime for money transmitting. "Crypto" is only there to confuse regulators into making an exception.