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There will be a lot of "We should shut down the cryptocurrencies" from different perspectives (combatting crime being one) before it actually happens. But it wi
by stareatgoats 4y ago
There will be a lot of "We should shut down the cryptocurrencies" from different perspectives (combatting crime being one) before it actually happens. But it will likely happen, starting with the US and the EU when it becomes a perceived threat to fiscal policies or national strategic interests, whichever comes first. Within 20 years is my guess, but could be much sooner. What the fallout and consequences will be is harder to predict.
I could be wrong of course, some anomaly might be buried here. But almost a lifetime of experience tells me the state structures will protect their interests when threatened. And this has the potential to be such a threat at a certain scale.
- Geee 4y agoSome countries will embrace bitcoin, just like some individuals will. Those who embrace it first, will benefit the most. I think this will be the great divide for this century. Countries with hard money standard and free market economy vs. countries with inflationary money and centrally planned economy. Everyone has to pick their side.