RE: Why Cryptocurrency won't make the world a better place.

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Why Cryptocurrency won't make the world a better place.

in cryptocurrency •  7 years ago 

I think the biggest fallacy would be to think that the same Banksters that manipulate fiat currency, wouldn't be able to manipulate crypto. They could do this in a number of ways. They could buy in and create a whale. They could hire a team of people that as a collective create a whale and I'm certain that I missed a few things like robotics here. The point is that with a whale, or a pod of whales, it would be relatively easy to dictate what happens by throwing that weight around.
All that aside, one should never lose sight of the fact that you only own your House as long as you pay your property taxes, and if you don't pay, they'll take your House. Now they want payment in Dollars and not Crypto, and as long as it's possible to convert crypto to cash, they have a way to manipulate us.
Liked this post as there is no need to wake up sleep deprived you and you quickly made some astute observations in the short time you've been here. Greetings!

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Cheers to both this post and comment. The idea of money its self is a centralization concept - Gathering power around a biological being. We must truly evolve as a society to escape its grasps.