
Jen Briney | Legislation 2017: Corporatization, Backdoor Deals, Data, & DNA
Skepticism of Bitcoin and the Digital Cash Transition
While blockchain technology is innovative, there is concern that Bitcoin could be a "Trojan horse" for a transition to a fully digital, controllable, and cashless society. The entry of Wall Street banks into the crypto space suggests the technology may be co-opted by the existing financial elite. Comparisons are drawn to the dot-com bubble, where early revolutionary promises eventually gave way to centralized corporate and state surveillance.




