I think one of the reasons why banks and bankers demonizes Blockchain technology is it's ability to actually replace it. But then, banks are doing too much. The sovereignty they acquire from the government makes them ruthless in dealing with people, it's hard to swallow when they've realized a tech could do their job, in a more decentralized and cheaper way.
Posted Using LeoFinance Beta
That is true. They are trying to protect what they have. This is something that cannot be avoided. Many industries tried to stop the progress of the Internet.
It didnt work.
Posted Using LeoFinance Beta
Exactly, while this is protecting the progress or reach of Blockchain technology, I think stopping that progress only slows the process, I feel banks wouldn't have it their way for too long.
Posted using LeoFinance Mobile
You need to start not with banks, but with fiscal authorities. If the fiscals are not against the blockchain, banks will die by themselves.
Posted Using LeoFinance Beta
But do we really have government agencies that are truly for the inculcation of Blockchain technology?
Posted using LeoFinance Mobile
I doubt it very much, I think that everything rests on enthusiasts.