>we should not let it attempt to displace the financial system
Why do people think that this will shove our existing financial system aside? The second something comes close to having too much of an impact (stepping on the toes of banks, displacing the dollar, etc), the regulators will crack down on it. What I can see happening is that it becomes an alternative payment method at best.
Why do people think that this will shove our existing financial system aside? The second something comes close to having too much of an impact (stepping on the toes of banks, displacing the dollar, etc), the regulators will crack down on it. What I can see happening is that it becomes an alternative payment method at best.