A battle is being waged against crypto currencies , mostly bitcoin, and you all need to be paying attention.
You all probably heard the head of JP Morgan yesterday talk negatively about bitcoin. He said bitcoin is a fraudulent currency and will collapse.
Bitcoin was created because of people like him.
Bitcoin was created because of central banks trying to plan and "protect" everyone.
People hear the whispers of BS in the undercurrents of society. They see some high profile bankers as crooks escape jail because they are in bed with the powers that be.
They almost took down the economy, cost trillions of dollars, took risks and then got bailed out.
This is why bitcoin was created. Currencies aren't supposed to be used as control. People should have the power. Jamie Dimon and his like do get it. They see bitcoin as a threat and therefore this is a war.
It is a threat to them.
And they should be afraid.
Everytime you hear some suit smack talk bitcoin, the hair on the back of your neck should go up.
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Peace out steemit peeps.
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I completely agree. I think one of the best ways to ensure the future viability of Bitcoin is to USE it, not just buy and hold. As a former banker, I can tell you that you hit the nail on the head. Bankers do NOT want the power of currency in the hands of the people.
I still work in the financial world and see the tue value of some crypto currencies. Clearly many of the ICO's are trash, but the underlying value in the blockchain and the true value of bitcoin and a handful of others are here to stay!
Yeah, I think of ICOs as an insanely risky investment. One would have to have more skin in the game than just investing.
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Great post. Upvoted and following u.