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RE: Is Wall Street really waiting to move trillions of dollars into the blockchain space?
The government does not need to purchase the miners. They ready own the infrastructure. Rember what happened in Egypt during the revolution. The government shut down all internet access. In that senario crypto currency has no value. You have talked about net neutrality in another post. I think we are moving toward a cashless society and the central bank will have more control than ever. Don't get me wrong I love the idea of Blockchain and decentralization, but I don't think the powers that be will allow us to be freed from our chains. It seems that we are doing exactly what they want and we are volunteering to do it
I would argue crypto would have much more value if the government shut down the Internet. People would use radio waves to send packets to make transactions and if that fails they'll use pieces of paper.