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RE: Estonia is embracing crypto vs China banning exchanges and ICO's

in #technology7 years ago

I think everyone should embrace Bitcoin and crypto but unfortunately I don't see that happening. Governments and the establishment elite will always fight the idea of an unregulated untraceable way of trade due to them not being able to tax and make money from the people. Also Bitcoin and other crypto give control to the people rather than the establishment elite. THEY HATE THAT THOUGHT.

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Hey @wardy, in my opinion government and the elite will always try to fight the idea, and they will always fight against this. I also believe that the people in crypto is the way of the future and new ideas will always come to the fore, which will allow the ability of mass adoption in the long run. It all depends on how the problem is approached.

Yes I totally agree.

The world financial system is based on scarcity of resources instead of logistics.