"
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-3811e36cc94fJPM coin has been around for a whole now and I dont see any changes that it has brought to the crypto System ,so I dont think it is going to bring any change any longer. Im just waiting for the facebook Libra coin to start off so I would see how everything about is going to work, the way I see it, the FB Libra coin is likely to bring a lot of changes cause there are lots of companies that are ready to work with the Libra coin . There are also people who are saying they dont like the Libra coin cause they are believing it wouldnt be what cryptocurrencies are meant to be
they think it would be something different. We are not sure about that yet
so Im not going to say anything on it.