Legal tender

Yesterday India Government announced that Crypto currencies are not a legal tender.  This could be the stand of many governments in near future. Am I worried too much? No. Why? This is a P2P system. If there are people who are ready to accept the Crypto currency and provide you with a legal tender like USD or INR then we need not have to worry. How do we trust such people? Can they disappear?  Now , that is  a more  tricky question. In the Startup ecosystem that I am explaining those people invest in the products created by the ecosystem. As long as such products are in the market there will be people honouring your crypto currency too.

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