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RE: ca

in LeoFinance4 years ago

FUD will only affect those who hold cryptocurrency for gaining profit from the rise of the price. Bitcoin and cryptocurrency is not only financial system but also an ideology. The ideology is decentralization. Decentralization comes from libertarian supporters who fight for privacy protection, freedom of money from central banks, and transparency. So the price will not affect the true cryptocurrency enthusiasts. Cryptocurrency enthusiasts will not stop holding, creating apps, and using crypto money though all governments ban.

In the end of 2017, many governments banned ICO. Did cryptocurrency projects stop? No. Today, there are new dapps that threathen banking systems. Defi is a bank on the blockchain. Will all projects stop in 2022 because of government banning? Let's wait and see the boom of cryptocurrency use in the next few years.


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I do find it odd that we translate value of crypto into USD all the time. This is happening even more with the introduction of a lot more stablecoins pegged to USD. Totally agree though that crypto isn't going anywhere nor can it really be controlled. Governments just start to freak out and realize they are losing control and so they should they have been ripping people off for years now instead of helping its citizens.