First, James Corbett demystifies the confusion between Bitcoin and blockchain.
These terms are not interchangeable, and much of the confusion has led to a irrational hype. However, Corbett sees the blockchain in combination with a cryptocurrency could change the financial system as we know it.
It could almost completely disintermediate the financial system, making everyone their own banker. But a cryptocurrency can also be controlled.
If central banks issued cryptocurrencies, the currency could become a tool of totalitarianism. Corbett says we cannot let this happen.
- Source, The Silver Doctors
