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Title: How Cryptocurrencies are affecting developing countries Post by: Coinchilli on February 21, 2014, 11:26:43 PM As the propagation of Cryptocurrencies take on a global audience, the minority of the economic elite, whom hold significant power over the global economic climate are beginning to react in predictably obstructive ways. However, Crypto presents a great opportunity for developing countries to break free from the quagmire of economic slavery, and finally dissolve the poverty trap.
Conventional banks and government-run monetary authorities are beginning to wage war against on the meteoric rise in the use of Cryptocurrencies. Campaigns are being launched to discredit the legitimacy of Crypto, largely lead by big businesses, with explicit vested interests in the continued use of centralised Fiat currency. To the cautious, this represents a decline in the propagation of this new currency, and disenchantment with the concept of Cryptocurrency, which in turn may lead to knee-jerk reactions of panic selling. However, the fact that the economic elite have even acknowledged Cryptocurrency, coupled with their continued efforts to discredit the currency with smear campaigns only lends further legitimacy to the robustness of Cryptocurrencies, and their potential to disrupt the established economic order. Cryptocurrencies are a very tangible threat to the economic elite, because they are by their very nature, decentralised, and effectively cannot be minted and controlled by particular parties... To Read more go to: http://www.coinchilli.com/how-cryptocurrencies-are-affecting-developing-countries J.C Axe Title: Re: How Cryptocurrencies are affecting developing countries Post by: _Miracle on February 22, 2014, 06:39:16 AM Thank you for the link :)
Title: Re: How Cryptocurrencies are affecting developing countries Post by: odolvlobo on February 22, 2014, 04:52:21 PM Unfortunately, the essay is mostly speculation, supposition, and opinion. It contains no facts.
Title: Re: How Cryptocurrencies are affecting developing countries Post by: Revolution on February 22, 2014, 07:53:36 PM Unfortunately, the essay is mostly speculation, supposition, and opinion. It contains no facts. Yea and sadly people will start believing such things. We don't know the future, anything could happen. Title: Re: How Cryptocurrencies are affecting developing countries Post by: MairaObergh on February 23, 2014, 04:20:27 AM It is a big worry because who knows what kind of schemes they might cook up to destroy it.
Title: Re: How Cryptocurrencies are affecting developing countries Post by: marilyngroom on February 23, 2014, 07:46:47 AM It can help humanity by giving less power to banks. The problem is that for it to truly help humanity we need to have around 5 coins, and these coins must have a stable price. But since it's so easy to copy a coin, we now have hundreds of coins. Those who were left out will always gravitate towards new coins hoping to make money.
Title: Re: How Cryptocurrencies are affecting developing countries Post by: marilyngroom on February 23, 2014, 07:49:11 AM World Bank enslaves a lot of 3rd world countries, so crypto should definitely go there.
Title: Re: How Cryptocurrencies are affecting developing countries Post by: hostmaster on February 23, 2014, 07:50:28 AM World Bank enslaves a lot of 3rd world countries, so crypto should definitely go there. Agreed! |