Future of Fiat [02/09/2018] My thoughts on clash between Fiat and Crypto currency realm ?
Going nowhere ! There's a lot of emotions around many forums amongst our fellow users who scream &%$* Banks , $%&* Fiat, $%&* Govt , etc......Deep down we all know, it's not going anywhere!
As greedy as government are, preying on the middle class income and creating a system which is designed to be an endless rat race, crypto / block chain cannot make them go away. But, it does put some power back into the common man.
As i type this article, the borders, the economy, the infrastructure is backed by military, constitution, history, and million other things so I think :-
Government will acknowledge the impact block chain technology has, and will design a system so it regulated , controlled and TAXED!
The countries and governments that acknowledge the first point sooner than later will be the ones to benefit the most and have an edge before other countries catch up....
Banks - Their profits will take a hit. At this point, they will need to come up with an innovative way to make more money but they ain't going anywhere! Think for a sec - what are the three businesses that stood through the time and war - banks , agriculture and brothels.....
The Common Man - He will have more power to wield how things work right from money , privacy , marketing , etc with the power of block chain ....
What do you guys think ?