Quote:
Originally Posted by crucifissio
food for thought:
if you are buying crypto this means you are not investing money in stocks,giving money to banks, paying taxes etc...
big business is not going to like this...a year ago total crypto market cap was like 20billion, this is not even a blip on the radar...500 billion is nothing much...but as the market cap grows the chances of big business actually taking REAL action against crypto grows exponentially...
keep in mind the biggest prostitutes are politicians, especially US ones where political prostitution is an institution by means of lobbying...keep in mind that the crypto market is not regulated and if they want to create chaos with volatility there is absolutely nothing standing in their way...
whether crypto/blockchain will win in the end I do not know nor is this the point...the point is big business is not going to remain passive about this much longer...there is going to be tons of collateral damage regardless of who wins in the end  |
agreed, and much like tubes, you cannot just roll it all back. Some will join and adapt and utilise to make more money, and as that side grows, so do the disrupters. One won't fully replace the other, as they have different uses, but people writing off crypto as a ponzi, or tulipmania are wildly missing the bigger picture. This is so early days.