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RE: Vlog #97: 3 years relationship + 2 million STEEM left Poloniex already + Why I think banks fear cryptocurrencies

in #dtube7 years ago

I learned about money creation at the university level, but only because I was an Economics student. This was in the 1970's so many things have changed.
Congratulations on 3 years together with Bianca.
Crypto's scare the financial system companies and governments. The power to create and manage money creation is a big part of their essential function. Without this power, they revert to a public service company and must serve rather than rule. Open markets rule rather than the monetary policies of banks.
Crypto's are a systemic social step forward. Progress that disturbs the current social norm is always met with resistance.

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Thank you. I do expect some (a lot) of resistance along the way.