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RE: The Bankers Hijack Bitcoin as CME Set to Launch Futures Contract.

in #bitcoin7 years ago (edited)

To me this is another nail in the coffin of Bitcoin. The big players in Bitcoin seem to be more about making money then the ideals of a stateless currency. The bankers realised that they can't beat Bitcoin so they are just going to co-opt it like they do with any political movement that gets in their way. With even more leverage to manipulate Bitcoin they will just whipsaw the price until they own the vast majority of it, if they don't already, through front men and entities. Undoubtedly there is still money to be made in Bitcoin but it isn't the bastion of freedom that we hoped it was.

Luckily Bitcoin spawned blockchain technology that I still think is their undoing. I think the next big thing is going to be privacy coins, and decentralized markets.