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Showing 2 of 2 results by StackingSats
Post
Topic
Board Economics
Topic OP
How Will FB Coin/JPM Coin Impact the Cryptocurrency Ecosystem?
by
StackingSats
on 12/06/2019, 14:56:43 UTC

"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 that’s 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-3811e36cc94f

Post
Topic
Board Altcoin Discussion
Topic OP
Is Facebook and JP Morgan's new coins bad for Cryptocurrencies?
by
StackingSats
on 12/06/2019, 14:46:22 UTC

"With banking institutions investigating digital coins that could one day find consumer use, we might be losing the highly important decentralised and trustless nature currently attributed to cryptocurrencies. The same applies for large-scale corporations such as Facebook, people would be trusting a company responsible for the grossly dishonest Cambridge Analytica Scandal whose CEO described his trusting users as “dumb f**ks”, with vast amounts of payment data."

Read an interesting article linked below, curious to hear everyone's opinions on how the industry is unfolding?

https://medium.com/@marcus_61942/decentralised-cryptocurrencies-vs-digital-currencies-3811e36cc94f?postPublishedType=initial