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RE: Steemit's Only Problem: Whales (And Others) Acting Like Banksters

in #whales7 years ago

Thanks for the reply @minismallholding...never too late to a party.

I am convinced of it...in fact, I wrote another post a few days ago boldly proclaiming the banksters dead. The head is cut off, only have to wait for the body to die. In my investigation into bitshares, it is truly amazing some of the things going on within blockchain that will flat out obliterate the financial sector. Between reducing fees down to the bare bone (compared to what the bankers charge) we are also seeing entirely new projects developing to fund companies.

As for incorporating crypto and blockchain, sure they can do that. So can governments (which are just an arm for the bankers in my opinion). The challenge both have is their need to control. There will be no decentralization. It will be more of their control.

Could this process take a while? Yes. What is offered technologically and the rate that people change are two different things. There are a lot of people who will stay in the system.

I will offer a guess when the bankers hold will be diminished...when you start to see large amounts of people around the world paid by companies in crypto.

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Thank you for taking the time to reply to me.

It will certainly be interesting to see what the future brings.