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On the one hand, these are amazing developments that validate blockchain technology and its potential as a currency system, however, they are also drifting us away from the original vision of a decentralised monetary system. In February 2009, Satoshi wrote on a P2P online forum:
'The root problem with conventional currency is all the trust thats required to make it work
but the history of fiat currencies is full of breaches of that trust'
Taken from the article linked below, worth reading. Do you think the emergence of banking and corporate digital currencies will take away from the original cryptocurrencies or can they live in harmony?
https://medium.com/@marcus_61942/decentralised-cryptocurrencies-vs-digital-currencies-3811e36cc94fThey are going to leave in harmony. In fact, they may not even exist or last for very long. You see, people are using crypto currencies because it is decentralized and easy to use. If banks starts to get involved (by creating their own coins), it will no longer remain decentralized. The freedom that we getting from using bitcoin or other crypto currencies will be lost when using those centralized crypto coins.
So, the coins will either live side by side in harmony or they won't be popular to last long in the market.