I agree. But I think the fact that they want to start their own private blockchain shows that they realize they can't shut down the decentralized ones. So they'll try to spread propaganda to get people to use their private cryptocurrency. And that's where blockchain based social media (Steemit) comes in, with millions of users posting the truth about our options with cryptocurrency. When you try to control the internet, YOU LOSE.
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The real value of all money is in the people.
And NOW, for the first time ever in History, WE can decide, how to use our money and with who we share it.
The problem with that is:
We do not have enough marketplaces, to be completely independent.
By knowing that Banks rush in and create a exchange currency to all Altcoins....
With their rules applied on it... so its still called crypto currency, but i will have all fuckups included like in FIAT money.
Its the same crap... they just saving printing costs now ^^
Believe me they will find a way to pervert the blockchain as well.
Good point. But once paper fiat is gone, and people are used to using crypto, why would they need to exchange for electronic fiat (nationalized cryptocurrency)?
where do you buy your food and what currency your vendor is accepting?
or your electric bill?
Actually, here in Japan they just started accepting Bitcoin for utility bills. And soon they'll be accepting it at thousands of stores across the country.
Of course, right now I use Japanese yen for daily purchases. I use Bitcoin to load up my debit card for online purchases, and also use Bitcoin directly where it's accepted, which is more and more places.
that is
AWESOOOOOME, did not expect ^^
just checked out your posts... so you resteem a lot hm?
you are living in japan, right?
there are so many thing people are interested in... why not write about it?
will follow to see with what u might come up and i hope u will ;-)
I write fiction, I just don't have a lot of time because I run a small business. I have a lot written for my novel "Merwin In The Multiverse," but have only posted a bit of it so far. But it's coming.
I write other things occasionally too, like my recent post about EOS.
Thanks for the follow, I'll follow back.
That's so interesting that you can experience the crypto-movement in Japan first hand. do you feel like the people are accepting it and LIKE to use bitcoin, or that they'd rather not, or that they just don't care very much?