My fear is that the banks will inconspicuously insert themselves into the Crypto markets and obtain a strangle hold on them Like they have done to the precious metals. They have owned the value of the precious metals for a long time through their processes of shorting and will at some point attempt to do this with another threatening form of value which are cryptocurrencies. They may already be practicing for their taking hold and controlling or at least shaking out the majority of holders, due to, if they do this, will be to hold the price down in the end so that it is no longer profitable to us.
RE: Cryptos: Regulation Incoming?
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Cryptos: Regulation Incoming?
Yes i think that is also a threat. They will definetley try to undermine it in some way. Thanks for reading and for the feedback! 😀
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The banks have already begun building privatized block-chains such as ripple, many banks and corporations have adopted IBM's "Hyperledger" . Much like the early internet this technology will be used first privately and industrially as "private" blockchains, we should not fear this but rejoice the adoption and wait for "public" block-chain services such as EOS and STEEMIT to reach the "rest" of us.
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excellent point
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Thank you.. I just hope it isn't true.
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