Post
Topic
Board Economics
Re: Bankers are killing the cryptocurrency market
by
kryptorian
on 29/01/2018, 20:46:04 UTC
Exactly, but it can't help them because already cryptocurrencies are ruling the world and already many companies are making the partnership with other vendors by paying them through the cryptocurrencies. Still, bankers are forcing the government to ban the cryptocurrencies.

I would like that to be true but it is simply not so. Cryptocurrencies are ruling speculative markets and online gambling, attracting a lot of money from unexperienced people, common people, but in commerce cryptocurrencies are below detectable. Companies that you may think of as accepting bitcoins are actually accepting fiat because 1) they are not interested in crypto as such, and 2) not many people use bitcoins or other coins for payments. And it is still not quite clear whether Lightning Network and similar technologies enabling fast and cheap transactions are going to change anything in this regard. Bitcoin needs to stop being a speculative asset in the first place.