https://cdn.pixabay.com/photo/2018/03/02/15/04/bag-3193368_960_720.png

Uh ... yeah. We knew that.

The story is getting old, but here we have yet another batch of late comers with ties to elite finance jumping into the game.

https://www.cnbc.com/2018/04/18/a-billionaire-hedge-fund-manager-and-the-fed-chair-runner-up-are-investing-in-a-new-cryptocurrency.html

https://www.cnbc.com/2018/04/17/blockchain-cryptocurrency-wallet-hires-top-goldman-sachs-exec.html

This is both good and bad. Good because participation by hedge funds and other large institutional investors will continue to inject capital into the ecosystem. Bad because the people that play in these circles will exert an increasing amount of control over the market.

The strong, anti-establishment undercurrents of crypto will be increasingly under assault by the old guard. Especially the decentralized governance models popular among the vanguard of this nascent technology.

What's the best remedy for this? Not bitching and moaning. The best way to keep the independent vision of cryptocurrency alive is to build viable, powerful systems that can't be easily dismantled by regulation and hardball business practices. These systems have to become "too big to fail" so that the hedge funders and Wall Streeters find themselves in a position that their best play is to play by the rules the progenitors of this technology established starting from Satoshi Nakamoto.

Time to get busy. Let's build a better future before we get pulled back into the past.