https://safirsoft.com 'It's not possible to destroy 'encryption', says Ilan Musk, just slow it down

When the price of cryptocurrencies like Bitcoin or Atrium drops, some people swear that such coins are doomed to fail. These beliefs were confirmed recently when China completely banned the sale of all mining and cryptocurrency operations - a major blow to decentralized currencies. Despite these problems, Tesla CEO Elan Musk believes crypto is here to stay.

In particular, he thinks it's "impossible" in the first place, as countries like China like to destroy cryptocurrencies. Ban it or not: As long as the world has flawed financial systems, there are those who are looking for alternatives. In the case of cryptocurrencies, Musk believes that their benefits are too important to ignore. It serves as a control over the power of large (especially authoritarian) governments and can reduce "errors and delays" compared to "old" monetary systems. While Musk acknowledges that its huge benefits in crypto are difficult for governments to crack, he acknowledges that they can certainly slow them down, as China has done. Banning citizens from accessing and trading legal cryptocurrencies is a surefire way to stop them from spreading, but many crypto designers recommend trading because they are anonymous – provided the transactions take place outside of major platforms like Coinbase. It is almost impossible to close it completely. Out.

https://safirsoft.com

It will be interesting to see how the cryptocurrency develops in the coming years. Either way, you can be sure we'll keep you updated.

'It's not possible to destroy 'encryption', says Ilan Musk, just slow it down
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