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RE: India: Lack Of Awareness Around Cryptocurrencies

in #india6 years ago

Most large companies are going to hate decentraliztion. When they have lots of money they can influence those in charge to get the outcomes they desire.

I was listening to a presentation and the presenter said a blockchain company told her if there is a way to do something without using blockchain do it because blockchain only makes things more expensive and complicated. I think ease of use is still the biggest hurdle for cryptocurrencies still.

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Very well said. Blockchains can make things more expensive in the short term but their use in the public sector might yield some good results in the long run.