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 

Good post! But an issue i personally struggle to come to terms with - is it 100% sure that a government is not able to control the crypto-market in any way?

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I would be surprised if they haven't been at least trying. But the harder we can make it for them the better. I'm not sure if cryptocurrencies will always be "good" money. But right now I think they are better. We just have to keep our eyes open if anything changes...

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.

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!