“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”
“Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker. It is a very modern notion that exploits the power of the long tail.”
Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.”
Cryptocurrency is such a powerful concept that it can almost overturn governments”
You would be right cryptocurrency is a powerful tool,,
But what we do with it is the Key..
https://steemit.com/steemit/@thelifeofbrian/cryptocurrency-what-we-do-with-it-is-the-question-now
Some great Ideas by these guys ..
Or we can have this ..https://steemit.com/cryptocurrencies/@thelifeofbrian/the-crypto-wars-have-started
Banks continuing to abuse it..