Impact of cryptocurrency has shaken world financial institution World banks and central banks talk about blockchain and cryptocurrency. The effect is now only on financial sectors. Cryptocurrency marketcap is about 395 billion usd. While stock marketcap NYSE is 21 Trillion usd. Coinmarketcap is about 1.8 % from stock market. That is small value of cryptocurrency marketcap. With the small part of finance market, cryptocurrency has shaken world financial institution and regulators. The community of cryptocurrency has not entered political sectors due to the small users. Paypal decision to accept cryptocurrency will expose paypal customers to get familiar with cryptocurrency. Once they are familiar, they will turn their financial service to cryptocurrency. It is a big jump for massive promotion of cryptocurrency to common people.
The bankers fear that this new technology might replace them. Seeing cryptocurrencies as a competitor and not as a contributor is a major reason why bankers hate cryptocurrency.
https://www.google.com/amp/s/thenextweb.com/contributors/2018/06/11/why-bankers-hate-cryptocurrency/amp/
Massive growth of cryptocurrency users threathens bank operation because banks thinks cryptocurrency as competitors not as the advanced tech that should be adopted.
One institution that is disturbed by the growth of cryptocurrecy is banking.
Crypto users in politic.
Currently cryptocurrency supporters have no power in political map because no figures that from politician promote to legalize cryptocurrency as currency. When a country has 51 % users if cryptocurrency, there will be big power to replace the authority. How 51 % decentralized community control political power.
- The community should have decentralized governance that control financial market over a country.
- 51 % community can block banking service by locking or banning bank cards and use cryptocurrency service in all transaction.
- 51 % community can dump national currency so the price will be down and make unstable financial condition in a country. It will cause financial crisis and economic crisis.
- Shut down tyrant government with sylent protest.After economic crisis, the community should lift a political figure to dethrown the tyrant government. A government that can not make economy become stable is very vulnarable.
- Win the leader election.In the election, cryptocummunity should win the election from crypto enyhusiast. Clear and transparent governance is votable issues in the campaign.
- Hardfork - state over state. It is the last choice to hardfork. By controlling financial sectors cryptocummunity create state over state controled by decentralized governance.
That is simple step to fight tyrant states. Hardfork nations lol... 😆😤🙌🙌💑😇