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RE: Market Snapshot - Day Thirty Three

in #steem7 years ago

One of the reasons cryptocurrency was invented was to escape from government control. The governments can't control cryptocurrency but they can scare people that don't understand blockchain and decentralized currency from investing.

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Governments will have some very limited "control" of currencies like bitcoin due to electricity prices. Bitcoin uses lots of electricity which is why I think it will fail. Unfortunately all the cryptos are tied to bitcoin but hopefully that will end soon.