This is incorrect. The purpose of crypto is to bypass government monopoly of money. In the future, corporations can and will do that too.
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The purpose is to bypass any middlemen. A currency controlled by a central party will be more efficient if it records transactions centrally
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An organization recording transactions centrally is currently subject to the monetary laws of the soverign state it resides in.
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Cryptocurrency may create a precident that it's OK for organizations to have their own monetary policies but this is not the case currently.
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How would value be determined so companies can't manipulate their own currency? Same principles that guide
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Same principals. Cryptocurrency it's own protocol. They could have built in treasury to fund their own endeavors too (similar to Dash).
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A trusted third party issuing a currency no matter who they are really doesn't move us forward
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Good point. Was just thinking their existing ecosystem could spring the exchange portion of crypto, but would make most sense as a 2nd layer
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And I legit know next to nothing about any of this, but listening to the podcast really got me interested. Thanks for the insights on it.
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You could argue that a lot of the token ICO's are a type of cryptocurrency and essentially corporate-controlled
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