Quote from: bcdev on September 21, 2015, 01:30:46 PM

What a joke. "Banks adopting cryptocurrency" and "states adopting cryptocurrency" is just trying to redefine the word "cryptocurrency" to mean "centralized database".

A joke in one sense - but the normalization of "cryptocurrency" will really pay off. Let's face it: the main reason why anti-cryptocurrency FUD spreads so easily is that the FUD appeals to good ol' normalcy bias. And unlike virtually everyone else here, I don't think that's a bad thing. Normalcy bias actually protects people from barging into a new life when they're not prepared for it.

Another aspect of us peeps, which I am ambivalent about, is that appeals to authority work. It's kinda sad, but appeals to authority provably do work on many of us humans to whittle down or whisk away that normalcy bias. This effect, believe it or not, is what the Progressives are counting on when they say that government programs for this-or-that advance human progress. Yep: Progressivism would only be a shadow of its former self if appeals to authority (government authority) didn't work.

So...governments, as well as big banks, getting into "cryptocurrency" will definitely erode that normalcy bias which is holding back mass adoption of the real thing. Sucks, I know, but it's better than the fate of eGold.

Thanks to cinnamon_carter for the OP, including the link.