there must be a reason for competition

you got more money than them to buy them out and end their influence?

its a balance, prescribed to the system it is regulating

sure sure, but what i'm saying is that the challenge will be overcoming the perception that the current federal government/federal reserve should have a monopoly on the currency

all of us here can easily be convinced of the utility of one cryptocurrency or another, that's not the point

we aren't the target audience

the target audience is still everyone that is not on this channel

that's kind of a lot

potential Internet laws could be a culprit to Cryptos?

or Digital laws, if that is a thing.

"be a culprit"?

i don't understand what you mean

sorry meaning a potential downfall for cryptos

laws could be the culprit

detriment

yes

any laws can be a downfall to cryptos, it's the perception of the validity of those laws that matters

and if u can enforce them

think of piracy of video content in the 90s

sure...it was illegal

it just got pushed underground

but so what

I personally think the downfall of crypto would come from microchipping.

so how are cryptocurrencies going to be served by being relegated to an underground currency?

Otherwise, it's like any other tool. (guns)

For microchipping to work they have to convince you of the security it provides, but a catalyst scenario will likely have to happen at a mass scale to justify it to the masses

if amazon would start taking BTC directly, or any of the various cryptos currently available, it would make checking out of the system a snap

Yea

Convenience alone wont do

oh you mean like a new Pearl Harbor?

the anonymity of asymmetric keys, distribution of ledger eliminating the needs for central authorities, and the construction of chronology of transfer verified by computational competition

or in this case a new 9/11?

yes

people are very reactionary

here's the thing, i have a practical model for changing society

and trustful 😦

it's easier than you think

lets hear it

you simply check out

no bank accounts, no credit cards

work for yourself