- This topic has 1 reply, 2 voices, and was last updated March 11, 2021 at 9:40 am by .
- March 11, 2021 at 9:40 am #596714
Is it true that the future is behind cryptocurrency?
- March 11, 2021 at 9:40 am #596853
Not in our Lifetime.
Supporters of Bitcoin and other cryptocurrencies claim that these financial platforms are inherently trustless, that is, they are unbound by the authority of any nation-state, government, or body. That’s a false narrative.
They’re entirely reliant on the underlying infrastructure powering cryptocurrencies like Bitcoin, much of which is located in China.
The Chinese government is theoretically able to make major changes to cryptocurrencies by enforcing its will on the data mining companies that keep them running.
In short, relying on a cryptocurrency is like throwing all of your money at china or russia and hoping they give it back.
It goes back to the elite wanting a cashless system to control the masses.
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