Post
Topic
Board Economics
Re: Disrupting Wall Street
by
darkangel11
on 05/10/2017, 15:20:59 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?

Don't you think they are already being disrupted by the increasing usage of Bitcoins through normal people?
They are extremely butthurt because of which many of their employees as well as some of the big names are coming up shouting "Bitcoin is Fraud! This & That! Blah Blah Blah!"
They are scared of the technology already and when people start saying something negative about you, you should feel happy because that's when you are succeeding.  Wink

I think they aren't.
Wall Street is a giant compared to BTC when it comes to the money. They could invest in it and never see the indexes move, showing there was any outflow of money. I'm certain some of the traders are differentiating and experimenting with crypto trading. These two things can coexist. We don't need one of them taking over the other.