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RE: El Salvador, the crypto threat that must be stopped by Karupanocitizen
Hello friend @karupanocitizen
When you say "I believe they could forever change the balance of global financial power", from my perspective the balance you mention has already started to shift, there are indications that the new protocols running on the blockchain aim to achieve greater privacy, scalability and fungibility of cryptocurrencies, an element that will no doubt attract more countries and also the private sector. Everything new generates resistance, but after a certain amount of time everything goes back to normal as a result of something intrinsic in us, such as evolution and adaptability.
Best of luck.
Greetings my friend @lupafilotaxia, there are indeed signs that the power correlation is moving, in fact many financial institutions (investment groups) already include cryptographic projects in their investment portfolio, however the distance between capital is still a lot financial that is handled through the global banking network and that moves on crypto exchanges.
I believe that El Salvador represents the first real experience of access to the cryptographic world of an entire society, not just a part of it, this if it goes well could motivate other peoples to see cryptocurrencies as a real exchange commodity and not a fiction digital without any importance and if so, the most affected, in terms of loss of value, could be the United States currency.
Have a beautiful day, friend!