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.
Yes the government and banks are the biggest players to lose if cryptocurrency revolutionizes because they will then have nothing to monetize from.
This is exactly why most of the countries oppose cryptocurrency to be a legal currency. The war has already begun.