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RE: Are Cryptocurrencies Really a Threat To The US Dollar? By Gregory Mannarino

in #bitcoin7 years ago

Great thoughts, Greg. What we are witnessing now with the ascent of cryptocurrencies is a burgeoning center of economic gravity that in time will grow inexorably stronger. We have actually experienced numerous movements like this throughout history. Take Gutenberg's invention of the movable-type printing press as an example. This invention led to the democratization of political and religious thought in Europe and gave birth to social and political orders that we are still experiencing. It led to the overthrow of the hegemony of the Catholic Church and gave birth to the reformation. I believe decentralized cryptocurrencies will also eventually exercise this same power of dislocation and "reformation." However, I agree that the current establishment will die slowly.