RE: What is Gresham's Law? Does it Mean Cryptocurrencies are Doomed?! (Spoiler:NO!)

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What is Gresham's Law? Does it Mean Cryptocurrencies are Doomed?! (Spoiler:NO!)

in money •  7 years ago 

Ok, so in the news today - I read that big companies will start to use the blockchain now. Some companies has already adopted it (Barclays bank in england ).
Do you have any thoughts about that?
As I picture it it's like they sentralize the desentralized. They want to profit from a system that is not made for that purpose.

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Yeah, it's interesting how they are doing that. I think there are parts of the technology that could be useful for them but mostly it is just a misunderstanding on their part. Blockchains make it so that we don't need those in-between companies. We figured out how to do it peer-to-peer, no need for the centralized company. They will realize that when it is too late for them. Thanks for the question!