4 ms·
If the current financial system really can fix itself and become better than cryptocurrency through democracy, then I don't really get what it has to fear from
by everfree 5y ago
If the current financial system really can fix itself and become better than cryptocurrency through democracy, then I don't really get what it has to fear from cryptocurrency. Under that hypothetical, cryptocurrency would be inferior, nobody would use it and it would die out. Problem solves itself.
And as a member of the middle class, I personally think it's a feature that cryptocurrency can't be inflated to bail out the rich. If banks knew that they weren't going to get bailed out, they wouldn't have taken as many risks and we would have avoided the whole crisis in the first place.
- RandomLensman 5y agoNot sure big banks, brokers, etc. fear cryptocurrencies. They are already starting to happily make money of those and sell products around them. Banks worked happily in the past with decentralized/local currencies, for example. The concern might be more on the policy and regulatory side of the world.