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RE: Cryptocurrency: It Will Either Make Us All Rich...Or Totally Broke

in LeoFinance3 years ago

I just hope that cryptocurrency would take over, if not then it is the trenches for us. You are right that for this to happen there have to be something more than the banks can offer and the masses need to know about this, and also be ready to accept the change, and move towards the change. If not, trenches would be our middle name.

I definitely hope not for us, and I am sure we humans are always finding ways to develop, so definitely, there would be a change from the traditional banks. but the question is if the change happens, would those in power find a way to cheat the system and turn everything to make them have a higher benefit from everything.

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We are evolutionary and do progress over time. Most are not aware of how much the monetary system has changed already; even in the past 30 years.

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How many people have used a traveler's check in the last 10 years?

How many have written a paper check in the last week?

How many have used a money order in the last month.

How many have been in a bank building in the last week?

How many have held an actual currency note in their hands in the last 24 hours. All of theses things were commonplace 30 years ago.

It truly is matter of when not if, how long until, and which horses are gonna win the race.

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That is all true. However, behind all of it is the fact that we have the ledger for all those transactions still controlled by the banks. No matter what the form of money used, the moving around between accounts is done by the banking system. This is the vital point.

Blockchain makes them unnecessary, at least in regards to the ledger. Here is a where the power of cryptocurrency enters.

So what is the bet going forward? We will see. For many involved, it is obvious where they are staking things.

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My main bets are HIVE/LEO/RUNE. Lots of smaller bets. We shall see ;-)

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