Why are you not worried brothers? . How can you create a beautiful technology only for a few dangerous people to hijack it.
The people we are about to entrust the Blockchain network on are capable of wiping out a whole community. They are dangerous people.
Wake up everybody, we are about to be enslaved. Wake up.
Meh, dumb banksters are dumb:
“Regulators are looking to have a master key so all transactions are visible to them”
Unless they're talking about one of the privacy-oriented coins, all transactions on the blockchain
are visible to them. I think what they actually mean to say is they want to access
the personal data of all the participants who are transacting on the blockchain so they can:
- store it insecurely
- do some analysis on it
- sell the analysis to highest bidders
- lose everyone's personal data to a hack (and not for the first time)
- pretend it's not their fault, learn nothing and repeat the whole process again later
If we're not worried about "being enslaved", the reason is two-fold. Firstly, it's that
we were already enslaved before crypto became a thing and now we are free. And secondly, because we know what we have here is safe from the bankster assclowns, because they are too dense to understand the whole appeal of it to begin with, let alone understand it well enough to maintain even the slightest semblance of control over it. The article even states as much:
They said: “It is not clear why cryptocurrencies are appreciating so rapidly (apart from the appreciation itself drawing in more speculation against a potentially inefficient ability to sell).”
It couldn't possibly be that maybe we don't
want to sell? That we realise fiat monopoly money is going to be printed into oblivion and the IOUs will approach near-worthless as time rolls on? That we know they have a laughable security record and cost their customers time, money and effort with each and every fraud the banksters have enabled with their flawed and insecure system. Speculation may well be largely responsible for the ballooning fiat price of crypto, but those who understand it best are accumulating and hodling.
The only thing in the article is where they really hit the nail on the head is where they recognise what the banksters want:
They would create controlled blockchains only authorized individuals could access. This would allow them to maintain the prominence of their banking industry
Maybe they should call their controlled blockchain "Blockbuster", since that particular style of business model worked so well for them.