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RE: VISA and Amex taking baby steps to avoid death by blockchain. The middlemen cutting out their own middlemen.
Banks are holding on for dear life and an entity like Visa is really on the chopping block. There is no reason for their existence in 5-10 years when cryptocurrencies take over. Why would anyone use MC/Visa when they simply use a less costly payment system which many cryptocurrencies off. Couple this with Atomic Swaps and you see how the end is near.
Of course, that does not mean they wont continue to try and influence what happens. Expect a huge fight. That is why I feel it is so important to amass as much crypto as possible....the time is now.
Agreed.
The governments will join to help their crony friends.Banning crypto will cause a PR disaster to make war on drugs/terror look like great victories. So instead it will be digital legal tender in the form of a FEDcoin supported by banking institutions which won't support public unregulated cryptos. They will force merchants to accept their coin and make them unable to refuse getting paid in FEDcoin. That will create lots of adoption and it will be the government strategy to gain market control. That's why we need coin that can handle vast amount of Tx/s to gain market adoption. I'm with Dash, NEM, PIVX, Bitshares. I'm not too sure about BCH as it doesn't reward the nodes. Scaling will be expensive. Rewarding nodes is a must for scaling. BCH could implement this in a hard fork. But I'm not sure if they will.