Decentralized and traditional finance tried to destroy each other but failed

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 75 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

2021 was supposed to see a showdown between the crypto industry and central banks, but the two enter 2022 closer than ever. Alex Axelrod believes that a zero-sum perspective isn't needed with so much potential growth.

as a means of payment, which implies the need for international financial organizations to be ready for settlements in Bitcoin with El Salvador.What prevented crypto from destroying banks?

Humankind. Throughout the entire history of humans, plenty of new techs couldn't have immunity from being controlled by the state authorities directly or indirectly through corporations. Radio, TV, internet, social networks — all started with the idea of free dissemination of information and eventually came up against the fact of total control. The same story is happening now with blockchain, and there is no chance that it will change in the future.

For the most part, people try to exaggerate the risks and reduce the likelihood of a good outcome. In my opinion, that is the reason that has severely limited and continues to limit people from accepting cryptocurrencies. But, as I said, this way of thinking is part of human nature. Still, why does centralization defeat decentralization? It took some time for the world government to understand that blockchain technology could be not only a problem but a powerful tool for accomplishing political interests. So the blockchain, originally designed as a powerful freedom tool, received an utterly reverse implementation, turning into a tool for money control to a previously unthinkable extent.

At first glance, the crypto had to take a step back from the initial positions of the"hawks." In exchange, it received widespread recognition, distribution and a considerable number of users around the world — it seems to be a fair reward and a victory over those who predicted an imminent demise.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I don't know But I know DogeCola will change the world 🥳

DAO 2022 viresfinance $VIRES 💎 wavesprotocol

ShibainuCoin dogecoin to the moon 🌙🚀💎🙌

No…

I knew what it would someday create, thanks to the author 😎

ElrondNetwork ⚡

ElrondNetwork getMaiar $eGLD $MEX $RIDE

There is no fight at all. Stop it

People are tired of fiat currencies Crypto is best with amazing chances for everybody NFT | gaming | metaverse project is xflokiverse Amazing buy opportunity now, don't miss it on XRP XRPLedger XRPLcommunity

kadena kda 🇺🇸🇺🇸🇺🇸 🚀🚀🚀 💎💎💎

Who knows, maybe us? $SHAK is deflationary 🪙 Total supply down to 7B Just under 10k holders 💎🙌 0% Buy Tax🔒 10% Sell/Tranfer Tax : 🎮 1% Game Rewards - Play2Earn 🐾 2% NFT Farm 👔 3% Marketing 🔥 4% Burn ShakitaInu Dev cryptojesus666 SHAKARMY NFTs SHAK BNB BSC BTC

$PIN take of is already started It is going higher than the moon Be rich with PayItNow_PIN BSC BSCGem EarnCrypto

how can i use this from multiple wallets?

Some central banks are still trying to protest cryptocurrencies

$CINU CheemsInu cheems CHEEMSINUARMY BSC BSCGem cryptocurrency Breakout CryptoInvestment gains earlygem 100xgem 1000xgem NFT 1goonrich cheemsinu SnoopDogg elonmusk davidgokhshtein CometCalls 💹🚀💎

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Sinks To Six-Month Low, Leading Crypto Market DownwardFollowing a Thursday plunge, which sent the Nasdaq 100 Index into a correction, cryptocurrencies tumbled overnight, recording losses of nearly $200 billion. Next pump um 35 days!!!
Source: Forbes - 🏆 394. / 53 Read more »