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RE: Why STEEM Cannot Be Stopped: Not By The Banksters, The Government, or Zuckerberg!!!! Another Reason Why STEEM Could Make You Insanely Rich!!!
Honestly I am not sure Zuckerberg really wants the feds hanging over his head. On one hand he is a government stooge but, on the other, those techies really cant stand the authority.
GE basically gave away GE Capital because they were tired of having to live under the bankster regulations.
Plus, does Zuckerberg and the Wall Street shareholders want to give up the profits they generate from said ownership of the content? Greed is their forte and sharing is foreign to them. I surmise they will suck every cent out they can before they are forced to adjust, which might be too late.
It is far easier to bring out a decentralized token than a centralized one...the latter puts you under the securities/currency laws.
I usually agree with you @taskmaster, but on this one I'm not so sure. I think a centralized blockchain is the bankster's wet dream. Or Zuckerberg's, for that matter.
The banksters, of course...they are already under those laws so to them it isnt a big deal...although I often wonder why they need one...they have the USD which is basically a digital currency at this point.
As for FB, they just aligned with LTC. I think that is very telling. It really isnt that difficult to bring out a token, FB could have done it easily...why didnt they? Why both to partner (of sorts) with LTC when you can do it yourself and make a lot more?