Zimbabwean Central Bank Considers Bitcoin ‘Illegal’.
I asked our DMD community if there is a remote possibility for all governments around the world to make concerted/semi-concerted efforts to render all cryptocurrencies illegal? In addition, I asked who would need to use cryptocurrencies in such an crypto-outlaw-scenario? Thieves and bandits? shady investors? which cryptocurrencies would survive that scenario?
One of our developers made three very good points that i would like to share with you. He said:
"It will not happen because there is no global consensus on many issues, and certainly not in the area of cryptocurrencies/blockchain technology. We all saw what limited effects the Chinese restrictions had. In fact, BTC value has increased four fold since. Cryptocurrences are now:
1. too big to fail
2. too decentralized to fail and
3. too many rich people don't want it to fail. " Helmut
As a result, the recent Zimbabwean bans, or any other governmental bans will most probably not affect DMD, BTC or any other cryptocurrencies much. We can all continue swimming calmly in the waters.
Needless to say, I'm heavily invested in DMD coins so please do your research before drawing your own conclusions.
DrDMD
If you're interested, fill in https://bit.diamonds/contact.php and ask for an invite and you will receive an invitation shortly to our DMD-slack channel.
Picture used without permission from here
done plz upvote me
https://steemit.com/phtotgraphy/@schatengarg/i-ll-write-your-name-in-a-unique-writing
Very good stuff, drdmd understands crypti, especially DMD Diamond. Keep these coming bud!
Thank you for being a longtime follower and for your kind words!
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