Thank you for bringing in the broader perspective and a bit more sober analysis. It is actually rather entertaining (if the stakes weren't so high) to watch the economic power structures (and the politicians in their service) try to walk the line between excitement about the potential to exploit crypto-possibilities for competitive advantage and fear over the promise of crypto-disruption of their centralized market power. Its noteworthy that the leverage points they are exploring are not on the crypto-currency per se, but on the boundary between fiat and crypto-currencies (exchanges and ICO's). Would you agree that such regulatory leverage points pose a greater threat to currencies, like Bitcoin, whose primary utility is as a store of value? IMHO, Bitcoin's aspirations as a medium of exchange have evaporated under the weight of its scalability challenges. Pure crypto-economies, where rich and varied value exchange can be accomplished ever leaving the crypto-currencies (which may be possible for Steem if its adoption grows, given its feeless transaction model), may be more immune to these types of regulatory pressures.
You are viewing a single comment's thread from: