The Ideal Cryptocurrency world
I see a lot of regulations and laws are purposely put in place to protect the establishments, ie big corps. The more regulations we have the harder it is to start a small biz. Small to middle size business don't have the capacity to comply with every single regulation. As a result, a oligopoly is created and the price of consumer goods goes up. I think that cryptocurrency has a potential to break up the oligopoly. It is sad to see the cryptocurrency world is getting more and more in line with the establishment such as the bank. People who now enter the space is just here for quick buck and more and more new altcoins are lining up with the bank. Will the world ever change or will we be trapped in a perpetual cycle of change from one power to another.
I guess it largely depends on the behaviour of the public. Will they embrace sound money or stick with inferior money in the long run? Bright minds can invent what they want, but if it is not adopted in a large scale, it remains fringe tech.
To summarize this: George Cooper
“If there is anything unique about the human animal it is that it has the ability to grow knowledge at an accelerating rate while being chronically incapable of learning from experience."
Luckily there are a FEW hard decentralized-only crypto options available like Monero.. Get you some Bitcoin and convert it.. Check my new blog out on how to store it. Options are good, but protect your right to privacy.