Multiple Currencies Keep The Gatekeepers At Bay

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Cryptocurrency is not going to be a system of one currency. This is contrary to what the maximalists believe.

In this video I discuss how the gatekeepers are often in place due to the fact that most transactions occur in a single currency. With cryptocurrency, the fact that many are being established means that gatekeepers will have an impossible time remaining relevant.


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I think legacy system actors might even prefer the bitcoin maxis way, where they would be in total control if they control just one asset (bitcoin). Sure, they may prefer the current status quo, but that's the best next thing for them, and they may end up with even more control this way.

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I agree with you. This fits into their realm of where they can control things. That is not what this is about yet it is exactly what they want to turn it into.

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It's definitely concerning and while I don't think they can buy up every BTC, they could easily get enough to cover most of the BTC in circulation. So this adds another reason why I don't think it will work. Personally I just don't think a deflating currency will work because people won't spend if they can hold on to it.

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That is true. Most do not realize how fixed money created an economic system that was even more heavily tilted than what we have today. Nevertheless, they still want to promote it.

Bitcoin as the only currency would end up collapsing the entire economy. People do not realize how bad a deflationary spiral truly is.

As for the money players, they are very powerful so there is no doubt they would accumulate most of the supply just like they did with gold.

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