But, what has changed? Why are people who are building a new economy that replaces the legacy system so concerned with the decisions of that legacy? After all, it should be pretty obvious that those who are heavily invested in the old and have a lot to lose if it is replaced, are going to defend themselves.
Oh my! I have not read a review as good as this since the whole hype around dodge coin, and other shitty coins. But you know you are right.
We are not supposed to be concerned with these humans who are playing catch up as it seem. They do have a lot to lose, obviously, and they are trying to make sure, the loss is reduced to the minimal.
60% of all Bitcoin mining is done in China and with the potential of it becoming a reserve currency at some point, I suspect that they don't want to miss out on that value. However, for now, they don't necessarily want the average citizen collecting it, as they want to manage distribution - after all, their entire structure is set up to be centralized. Decentralized currencies undermine their control mechanisms.
hahhahhahhaa....China is what I should call, the mother of centralization. You can see that this is true when you watch them monopolize a lot of inventions, companies, services, etc.
They are trying to do the same thing with our cryptocurrency. Trying to reduce or manage distribution won't help them because as you said decentralized economy undermines their control mechanisms, totally.
The crypto market value is tiny in comparison to the rest of the economy, yet it seems to be pushing governments into making all kinds of decisions, all of them aimed at maintaining control of money flows.
Pleas say this louder. Imagine waking up every morning, and discovering that you are losing control over the most important part of the nation's economy.....finances. Mehn! if you were the government, you would definitely panic over losing such control. It is funny, but I can't help laughing.
A lot of people are looking for "safe" places to put their wealth, but currently, it doesn't really exist - however, what does exist are places where wealth can be put that offer ownership and control to the investor.
Well said. An applaud for you buddy for you are seeing clearly than the rest of us
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Interestingly, they are also among the greenest miners, as they use hydro most of the year and only coal in the winter. Weird eh?
I don't want control over others, just over what I own. When it comes down to most things though, we are all renters.
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Yeah this is true
very weird
Here in this space, I think this is what almost all of us want