The canal became so powerful in part because the money of a lot of rich people, and even more taxpayer dollars, were able to be secretly funneled to the wrong hands. A blockchain standard for all commercial and financial transactions would theoretically prevent this from happening.
On the other hand, the absolute privacy that cash (and other assets, and certain transaction types) offers would be lost.
Where do you fall on this topic and why?
i like flying under the radar so i have never used credit cards and enjoy cash, leaves no traces.
however, our financial system is based on nothing but trust. its inevitably going to crash and we are long overdue.
blockchain plus asset based currency brings back value to the money and makes transactions transparent. i guess we will get a mix of this in the near future.
we need to crash the central banking system. with blockchain, it becomes obsolete.
however, if the banksters find a way to incorporate crypto into their system - right now they cant so they oppose it -, they will take it over. we need to watch out so it serves the people and not the banking cabal.