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The banks, which control the government, aren’t going to allow some private company or protocol to replace their control of money.
by user3939382 4y ago
The banks, which control the government, aren’t going to allow some private company or protocol to replace their control of money.
- skybrian 4y agoThe government controls the banks in much the same way they’re attempting to control Coinbase. You don’t ask the SEC what’s legal, you’re supposed to hire lawyers that are good at predicting what government regulators will approve of and do what they say. If a bank does something that regulators don’t much like then they’ll shut it down rather than trying to save it. (As happened with the crypto-friendly banks.)