Post
Topic
Board Economics
Re: Disrupting Wall Street
by
TravelMug
on 03/10/2017, 13:31:52 UTC
I've started recently reading A LOT about blockchains and cryptocurrency. Do you really think that this is the technology that will finally disrupt Wall Street?  After China and South Korea banned the ICO's (and cryptocurrency in China) I am still sceptikal. What do you think and how can we achieve it faster?

What do you mean disrupt Wall Street? Blockchain technology is just a ledger or database, it is the backbone behind bitcoin.

The banning of ICO has nothing to do with blockchain/bitcoin. It may disrupt the bitcoin price to a certain extent but its gonna be temporary. You don't need to be skeptical, when China announced that they are going to ban ICO, the price plummet. That's how the market reacts. Any negative news will really shift the tide of the price. However, its only temporary as you can see in the price today. It has regained and fully recovered, although you will see price correction from time to time.