Blockchain Technology Could Have Helped Avoid the 2007-08 Financial Crisis, CFTC Chairman Claims - BeInCrypto
CFTC Chairman Christopher Giancarlo recently said that blockchain technology has "tremendous potential" and could help prevent recession.
His argument is one of blockchain transparency, with the assumption that major financial corporations would really like to have their bad deals and mismanagement on public display.
More to the point, QE didn't trickle down to those who needed it, rather was used by the same banks to get a dirt cheap loan from the Fed with which to buy the much more expensive Treasury bonds. Money for nothing!
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Human nature seems to have two polarities. Those that wish a world bountiful and safe for all and those who are out for all they can get. I suppose there are a bunch of folks in the middle too. But it does seem as though we should learn to recognize and empower those who truly have our best interests at heart and not the high-functioning socio-paths. Most conventional power people seem real scared of crypto and blockchain. Not as easy to change and every is out in the open.
So many complain about the bid-bots here but what they don't understand is that all social media platforms have them. (Like and comment bots) They are stashed away off platform ... run my who knows who. Ours are the only ones that are available and monitored by anyone who wants to monitor them. Not a fan of them but they are a reality of the online world. The Steem blockchain should not be catching gripe over them. We have the transparency, no one else has.