My question is, is there a coordinated effort by Central Banks to completely destroy cryptocurrencies?
I see articles like this:
http://dealbook.nytimes.com/2013/12/18/bitcoin-collides-with-government-concerns/?partner=yahoofinanceAnd I see all these countries Central Banks from around the world bashing Bitcoin at roughly the same time.
The article mentions China, The European Banking Authority, Denmark, Norway, New Zealand, and Australia.
It doesn't even mention how France's CB spoke out against it, and how there are a lot of rumors circulating that the Indian central bank plans to do the same thing, as well as possibly induce regulations.
This is all in the past few days.
Bitcoins and other cryptocurrencies are turning out to not be tulips, which lost value as people realized their real worth. They are something else, because governments and banks all around the world are collectively working to
stamp these things out.
It's time for a real revolution in cryptocurrency. It's time for the ultimate test of cryptos. We need to abandon its fiat value all together. We need to come to a point where the value of cryptos can only be measured in other cryptos. And we need decentralized exchanges to come into order to make this a reality. The tables have turned, and if we want these things to succeed, we need to adjust to the clearly mounting conditions against us.
These very recent developments from banks and governments are NO coincidence. There is now a concentrated effort to destroy the currencies, and this is only possible if we play by their rules. So it is time to abandon their rules altogether.
Admittedly, I am a holder of StableCoin. All of my money is in it, and I don't own one bit of Bitcoin. But I can see the clear threat here, and if we don't increase the value of all cryptos relative to each other, and don't make it easier for merchants to accept one type of coin for another, rather than accepting coin to simply convert to cash, we will always be at odds, and always be on the terms of the very people who want these currencies destroyed.
That's my rant. Something needs to be done, and very soon. That is all. Thank you for listening.
