3 ms·
Bitcoin is becoming the base layer of global finance faster than anyone could have imagined just a year ago.
by trident5000 5y ago
Bitcoin is becoming the base layer of global finance faster than anyone could have imagined just a year ago.
- Covzire 5y agoI don't think it'll ever happen. The global banking system has and will enjoy a favored legitimacy status with governments that they would have to willingly give up. Even though Crypto is decentralized, it's the tributaries into the classic financial system that give it it's value and if governments start putting up blockades, it's value and use will plummet. They just need a good reason to and I can't think of a better one than an oppressive pariah state like NK or Iran circumventing sanctions with it.
- bingbong70 5y agoBitcoin adoption from the grassroots level will kill systems with "favored status", especially in places that claim to be free societies. Right now in the US adoption is happening on the city/state level and expanding outwards, this is not a fluke.