Honestly, I am a newbie in cryptocurrency bussiness. I am not even a banking practition or financal expert. But, also honestly, the existence of cryptocurrency is not a very big surprise to me. I already predicted since several years ago that there will come an era where people need alternate currency to do transactions, saving economical assets, and run economical activities through full digital system, more than just what we already had by e-money and, in older ways, fiat ATM.
Not only about the needs of digital currency which boosts the development of cryptocurrency, but also the desperate desire on multidimensional changes (include economic methods and philosophies), the needs of transparency, the frtax-free tradings, and the needs of ethic egaliterian and liberation paradigms and approaches, where the authority is mostly commanded by the people via market.
So the only thing quite surprising to me is just that the era is came so soon now, and gathers mixed response from public.
So are the skeptic and aprioric perceptions from conventional economy system and government, are not a very big surprise to me, since the fact that the govs and banking systems are the two entities that naturally would tend to stand a comfort stabil status-quo. The emergence of cryptocurrency and its massive growth are clearly quite disturbing to them, eventhough the wave would never strong enough to break their dominances in short term (5-10 years), but who could predict any certainty if we talk about long term impacts (20-30 years)? The more people and bussiness entities participate in cryptoeconomy, the more need of revolutionizing of conventional ways and dominances are in urgency. And it is something undeniably should be viewed by full cautious by the twos.
So then it is very normal to us that nowadays some financial authorities and governments develop quite hard reactions toward cryptocurrency: from the limitations to bannings, plus –as we could feel but not to prove-, do some “intelligence-tasted sabotages”. And also the phenomenon of “whale class players” who recently dominate the market, and “clashes” among the developers. Those are a law of nature to me. So normal.
So then if in the future the cryptocurrency recovers after these stormy days, even if there are so may developers and pioneers would sadly fallen down as martyrs, it’s a natural mechanism. Not more. But, the only certain thing is that cryptocurrency would keep on growing and evolute. If you ask me why, because it is a demand of the Age nobody could resist.