What is the movement for alternative money a response to? - page 3.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: TokenHodlr on September 26, 2019, 11:30:27 AM

Peer to peer means that the middleman in today’s traditional
transaction could disappear if cryptocurrencies revolutionize money.

Cryptocurrencies, in fact, represent a vote of no confidence in the policies
of central banks and government monopoly of money. These ‘peers’ see central
banks as consistently devaluing money through currencies that aren’t backed by anything
but government promises.

But what if the money revolution succeeds?

As in any revolution, today’s top dogs have the most to lose.

Cryptocurrencies will surely succeed simply because they are better but we need to be very careful, gold was the most dominant form of money for thousands of years and yet banks and governments found a way to convince people that it was better to use their useless pieces of paper and I have no doubts that they will try to do the same against cryptocurrencies and if the past repeats itself then we may see fiat cryptocurrencies in the future.

tonyvo2017

member

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Merit: 10

Lifestyle & Wellness Platform

I have heard about this a lot, which is also what many people in the crypto community want to have.
I have to admit that cryptocurrency is bringing a lot of benefits to users, just like blockchain. But what makes money revolution slow is because the government doesn't support it.
In my opinion, we should only wait until the crypto market has a market cap of over $ 1,000 billion, then businesses that exist there will have the prestige to accelerate money revolution faster.

Judge-Dredd

sr. member

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You pretty much answered your own question. People are finally waking up to central banking policies and the stunts the banking cartels pull. It's still going to take some time for the masses to open their eyes. In the end we dont know how things will come out on the other side.

Just as the fed is in uncharted territory riding on the edge of the seat, as too are cryptocurrencies. The future is yet unknown but exciting.

MOE Farms

newbie

Activity: 3

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The Idea of Alternative Currencies Is Going Mainstream. MasterCard for example, one of the big players
now looking at this 'new money', is starting a cryptocurrency team.

“Do you have the desire to work at the cutting-edge intersection of payments and cryptocurrencies,” MasterCard asks.

Those hired will “monitor crypto currency ecosystem trends” and “develop new products and solutions.”

MasterCard is part of the Libra Association, which includes Pay Pal, Visa, and other big players.
Libra intends to create “a globally, digitally native, reserve-backed crypto currency built on the
foundation of blockchain technology.”

TokenHodlr

member

Activity: 98

Merit: 15

Peer to peer means that the middleman in today’s traditional
transaction could disappear if cryptocurrencies revolutionize money.

Cryptocurrencies, in fact, represent a vote of no confidence in the policies
of central banks and government monopoly of money. These ‘peers’ see central
banks as consistently devaluing money through currencies that aren’t backed by anything
but government promises.

But what if the money revolution succeeds?

As in any revolution, today’s top dogs have the most to lose.

Topic: What is the movement for alternative money a response to? - page 3. (Read 439 times)