@firepower
Technology will always win over legislation.
Why wouldn't the mass adopt cryptocurrency when they provide a tool to transport money affordably and simply across national boarders?
Why wouldn't the mass shapeshift when the charges of banks are extremely ridiculous?
For the first time in hundreds of years cryptocurrencies enable two people to exchange valued goods and services for currency without any intermediary. Is this a good thing? Yes, unless you are in the banking business.
Why is it good? Because cutting out the multiple middle-men in financial transactions will leave money in your pocket. No intermediary equals fee-free transactions. No wonder digital currency has the banking fraternity worried.
Banks originally came about to solve the problem of distrust among parties involved in financial
transactions. However since that time (the 15th century), banks have grown in power to such a great
extent that the fortunes of national economies rest upon them and those who manage them. The
financial crisis of 2008 showed us just how vulnerable a situation this places our financial system.
Digital currencies solve the problem of distrust between transacting parties and the vulnerabilities of centralized finance. The blockchains (public ledgers) upon which digital currencies are based have no
insider control, which means they cannot be manipulated. The ledgers are fragmented across thousands of computers, all of which verify every transaction, so hacking is all but impossible. All transactional data is at the same time public, while ensuring privacy since no personal information is required to complete transactions, unlike those made with credit cards or other centralized processes.
Cryptocurrencies are unstoppable and Im glad to be part of the winning team in Africa