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RE: SUMMIT G20 - good or bad for cryptocurrencies? My own little summary

in #cryptocurrency7 years ago (edited)

Thanks, @crypto.piotr !

You said, "Current environment doesnt encourage big players to invest in this market. Uncertainty is not a way to encourage them." I agree. It appears to actually be intentional this way, because they know that if too much money moves out of their Fiat control and into crypto, it will collapse their tightly controlled monetary system sooner than they are ready for. So they seem to be using the power they have to stall things and "buy time" through their control of the media until they can create their own centralized cryptocurrency to force it on the masses, like they do with the other state-run Fiat currencies.

I'd like to believe reason will win out, but who knows, given their track record. I am an optimist by nature and so I believe that somehow there's a way where we can all win out, including them. :) If we can all take a step back and put it all into perspective, it is easier to see that the key lies within the potential of decentralized blockchain technology.

Have a great day