Any decentralization is good for everyone and creates competition that never existed. The banks haven't had to deal with this for generations. It will be a problem if Big Tech manages to corner the market, but obviously people like you and me think Big Tech will then get undercut by the people and fully open-source protocol. One can hope.
They certainly are. Not sure the world is any better with Walmart in control of the financial system as opposed to Goldman Sachs.
Nevertheless, it is another attack on the banks. In the meantime, crypto just needs to keep getting stronger.
Posted Using LeoFinance Beta
Any decentralization is good for everyone and creates competition that never existed. The banks haven't had to deal with this for generations. It will be a problem if Big Tech manages to corner the market, but obviously people like you and me think Big Tech will then get undercut by the people and fully open-source protocol. One can hope.