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.
I still doubt the role of Bitcoin will replace the money that we know today. Fiat money has an effect on economic growth and also on the existence of the country and if Bitcoin takes over the role of fiat money, I think the country will not exist anymore. But if Bitcoin is played as a digital asset, I think this makes more sense