What will cryptocurrencies do for economies as they are not attached to governments or banks but will largely be subject to internet demand and flow? Will they create greater wealth-if only for the few? Will they spur on weaker economies once these are less influenced by politics and outside manipulation? (sic)Will governments in fact assume greater control through gaining more information on individuals? If, for example, cryptocurrencies are bartered on internet sites, such as Facebook, how much control will these companies have and will they subsequently devise their own, thereby effectively controlling economies and societies? Will such a future be grim and untenable? Will terrorist groups use them to garner wealth and create greater destructive methods against the world? The possibilities seem infinite but possibly are not.
It is highly unlikely that Crypto currencies invigorate world economies or create more frequent economic fluctuation and depressions in near future.
Our present financial system creates billionaires who have vast amounts of accessible wealth, and also the system has to be leveraged in order to provide greater money creation. Both carry risks.
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