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Banks And Cryptocurrency: They Are On The Ropes by taskmaster4450

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· @taskmaster4450 · (edited)
$8.57
Banks And Cryptocurrency: They Are On The Ropes
<center><a href='https://d.tube/#!/v/taskmaster4450/gnkowpseyes'><img src='https://snap1.d.tube/ipfs/QmX8fBKJidPrggsRjgBhU5Nqs9r3gx3LVhNSyHsYCzNVht'></a></center><hr>

The banking industry is holding on for dear life.  Facebook's announcement of the Libra sent shockwaves throughout the banking sector.  There is now a bill in the U.S. Congress to ban technology companies from creating their own digital currency.

This would be a major win for cryptocurrency.  The banks are done, it is just a matter if it happens quickly or slowly.  Libra is the immediate threat because it can achieve adoption quickly.  However, cryptocurrency is the real threat in the long term since the benefits outweigh dealing with the hassles of the banks.

<hr><a href='https://d.tube/#!/v/taskmaster4450/gnkowpseyes'> ▢️ DTube</a><br />
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 88 others
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vote details (152)
@bearbear613 ·
Never underestimate the power of illegal laws.
πŸ‘  
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vote details (1)
@karenmckersie ·
**Check out this article from FORBES / Donald Trump  I just came across this morning when I was reading up on the latest Bitcoin news:**
https://www.forbes.com/sites/billybambrough/2019/07/13/donald-trump-just-made-bitcoin-a-2020-election-issue/#4fbe332e2db2
*Upped and resteemed* 
https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fspecials-images.forbesimg.com%2Fdam%2Fimageserve%2F985931298%2F960x0.jpg%3Ffit%3Dscale
πŸ‘  
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@ucukertz ·
$0.05
That's interesting! Getting this much attention can't be bad.
πŸ‘  ,
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vote details (2)
@samuel-swinton ·
$0.23
I'm not sure who would be scarier with more power: Facebook or the banks.

Posted using [Partiko Android](https://partiko.app/referral/samuel-swinton)
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vote details (4)
@taskmaster4450 ·
It is a coin toss that is for sure.

If I had to guess, and this is wild speculation, but Libra might be a step in the process....it takes out the banks and them more people realize the value of cryptocurrency.
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@samuel-swinton ·
$0.20
Entirely possible. However, regulators who have been on the fence about crypto as a whole have been coming down hard on the idea of Libra.

Posted using [Partiko Android](https://partiko.app/referral/samuel-swinton)
πŸ‘  ,
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vote details (2)
@blaogao ·
Fuck you old banking i like crypto

Posted using [Partiko Android](https://partiko.app/referral/blaogao)
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@dmwh ·
Dude, you are talking my language.  We are taught that there's not enough (scarcity) when this planet clearly provides an abundance.

I appreciate the way that you are discussing the monetary system in terms that anyone can understand.  Thanks!
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@lauvlad89 ·
This is the case, especially if one can rembemer bad QE policies of Fed and ECB https://liberalismbook.blogspot.com/2019/05/dollarzone-and-eurozone-failures.html
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@partiko ·
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
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