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RE: A possible scenario: The permissioned Lightning network

in #bitcoin7 years ago

Wouldn't surprise me if this prediction is spot on (which would be very unfortunate...). Good thing we've got Steemit and several basic universal income projects on their way. Soon we won't need those filthy FIAT currencies at all. Cryptocurrency has elevated the people's awareness and knowledge of inflation and monetary systems, and I believe the greatest scam in history is about to be exposed on a large scale. Well, that's what I'd like to think at least...

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Exposed, yes. Challenged, yes. But the financial institutions of the world are gaining influence over the once pure minded developers of cryptocurrencies. The original anarchists who longed for a decentralized currency are quickly becoming outnumbered by the capitalist cryptocurrency developers (such as Ripple) who market their blockchain technologies directly to the financial institutions of the world.

I'm truly surprised we didn't hear more about these developments at Davos.

Forget ripple , blockstream is corrupting things too and they are largly considered bitcoin core. It’s headed in a dangerous direction. I got first time on 5 years of holding bitcoin am gearing it don’t win the battle