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RE: The Battle for Freedom or Tyranny Is Being Waged On The Blockchain

in #bitcoin7 years ago

Those who feel their interests, power and prestige are under threat by blockchain-based technology will definitely do their best to try protect themselves and maintain the status quo. We can't expect anything less for this is a natural response.

Depending on who they are, and how concerted the efforts are, there will definitely be some immediate and medium-term effects. However, these blockchain-based projects will adapt to whatever is thrown at them. The fit will not only survive but also thrive. This I'm very sure of.

"Peer-to-Peer" - This is the ultimate strength. How successful have the music and movie industries been in dealing with P2P despite having strong support from governments? It's the same with the cryptos - the status quo will have to change their ways for the times are changing.