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RE: Crypto: The New Asset Class

in #cryptocurrency7 years ago

I think that although crypto and blockchain technology is fantastic for the common person and those who like to know information is public, traceable and accessible, the larger organizations will despise it. It's a way that one can trace a transaction and who it came from and who it goes to (from my newbie understanding at this point at least this is how I think it works). Do you think the Pentagon, after "losing" 21 trillion dollars would like an official trail where anyone can look to see the transactions? Absolutely!....not

I love the fact that I can have a coin and be anywhere in the world, trade it to someone that also values the coin and get goods without having to report any of it to the government. The money that I make investments in is my money, no-one elses.

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Yeah, corps and authorities will want to make their own private chains, they aren't interested in the current cryptos lol. What about making corps as publicly traded companies, and governments a public orgs, forced to use public chains for their operations so that they could be trusted? That would help make the world more honest :) :) :)

Man would that be hilarious because things would get changed real quick!