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RE: I am Highly Disappointed with the Crypto Currency World and the Rise of the Banker Coin Ripple.

in #ripple7 years ago

I like your post...and I definitely get where you are coming from...my contention is that truly crypto is ultimately doomed, i hate to say...Smart contracts and blockchain tech will fully integrate, but powerful entities like banks, govts, corps will not allow an open-source, public, p2p currency system last very long....In the end, it will become criminalized to use currency that is not traceable to the parties in the transaction....
Why and how?
Why...because tax fraud, money laundering, illicit transactions...not to mention that those entities will lose money hand over fist....
How, by saying that crypto is enabling blackmail, bad political activities, hackers...they will convince the mass population that it is dangerous...that it is a matter if national security....
Public blockchains will have to be for social media, public records, libraries...
It's going to happen....
With the political powers at large, such as Putin, there is no way they are going to let precious funds go undetected for long....
This is, I think, a reality...not in the forseeable future, but def by 2020....
My prediction....who knows.....
I'm just a simple-minded fool hahah
Following and voted!!
Look forward to more of your great writings!!!