Peer to peer means that the middleman in todays traditional
transaction could disappear if cryptocurrencies revolutionize money.
Cryptocurrencies, in fact, represent a vote of no confidence in the policies
of central banks and government monopoly of money. These peers see central
banks as consistently devaluing money through currencies that arent backed by anything
but government promises.
But what if the money revolution succeeds?
As in any revolution, todays top dogs have the most to lose.
And do you seriously think it will happen? Before any of these money revolutions that you have in mind achieves something significant, these top dogs you are talking about have already changed colors and joined the fray, or have started negotiations, or have already bribed their way to the heads. Or perhaps even before the revolution gets serious, the top dogs have already planned their best moves.
Think of crypto. And think of the traditional banks of these top dogs. And now think of how they are already opening up for Bitcoin. Think of how they are slowly adopting this and that, brilliantly swaying with the wind.