Post
Topic
Board Bitcoin Discussion
Don't the words Block & Chain worry people?
by
CryptGuardian
on 10/01/2018, 23:10:11 UTC
We had the internet , freedom to do whatever we like,  fun etc..yet it was called the WWW - World Wide Web.
Connected maybe, but eventually more like chained together, unable to escape because we got so dependant on it.
First make something so appealing that it get's massively adopted (microsoft did it, cheap windows with every pc) than once people are so used to it regulate the shit out of it.
And now with the end of Net Neutrality who knows what will happen?  This was not what we expected or wanted the Internet to be.

Now we got  BLOCK CHAIN.  That doesn't sound very freeish to me. Yet this is what people think it is, making them free of Banks, Corps, etc..
Nice gains in $, etc.. And more people putting all of their money into it.  It sounds too good to be true.
But what if all those banks, corps, elitits , just let this all get mass adopted , just to in the end get it regulated.

Do we even think about the risks? (hacking, blocked wallets, closed exchanges,...)  Could this in the end not be even worse than fiat, gold etc?
Do we have an exit plan if it turns out it wasn't what we wanted, just like the internet where we're so dependant on now.

If the real value of the dollar is worthless (no gold backing, printing endlessly) but everyone exchanging it for crypto, than wouldn't that eventually save the dollar/US ?
Making fiat money more valuable in the end than crypto?

Don't know about that last paragraph, just thinking out loud.
What are your thoughts?