Viewing a response to: @taskmaster4450/stablecoins-are-starting-to-be-a-focus
> Then we have overall government control. Since the aforementioned figures like to promote the idea that cryptocurrency is used for illegal activities, the logical conclusion is this must be under the control of the governments. This is what we are facing here in my country. The government banned the use of local banks to trade crypto but went to create their own stable coin e Naira expecting us to jump on the idea. All they care about is their pockets and not promoting secured transactions as they claim.
| author | trojan1 |
|---|---|
| permlink | re-taskmaster4450-r5anv4 |
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That is why we need to establish secure ways around it. The battle is only getting started. People need to turn to crypto for the safety and that will feed into what is being developed. It all adds up; this is the basis of the idea of network effect. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-trojan1-7u6ckq)
| author | taskmaster4450le |
|---|---|
| permlink | re-trojan1-7u6ckq |
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But what will happen if the creators get corrupted and turns greedy? Then I guess we are all doomed
| author | trojan1 |
|---|---|
| permlink | re-taskmaster4450le-r5b48w |
| category | hive-167922 |
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What do you mean? What creators? Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-trojan1-6hphvr)
| author | taskmaster4450le |
|---|---|
| permlink | re-trojan1-6hphvr |
| category | hive-167922 |
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| created | 2022-01-07 00:49:36 |
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