bureaucrat

hace 7 añosdiscuss

Nope, you got it wrong. Look at Venezuela.

If people can trust people they can trade. With crypto government trust can be replaced.

bureaucrat

hace 7 añosdiscuss

That doesn’t matter. The billion is worthless if you can’t spend it. Spend 1$ from that wallet and your identity will be known.

bureaucrat

hace 7 añosdiscuss

Theoretically crypto will never replace government backed currency if the world economy and politics is stable.

Look at Turkey. Venezuela. Argentina. China. North Korea. People are already not trusting government backed currency. I don’t mean to over generalize. I just want to say it’s not just a dream. It’s possible.

bureaucrat

hace 7 añosdiscuss

Washing that little amount is more easy with just cash.

You leave all your trace. Unlike cash laundering. That’s what matters.

bureaucrat

hace 7 añosdiscuss

Because governments could regulate this currency. With improving blockchain analysis technologies, they can watch, audit and impose tax.

The only thing lacking is the control by the government.

bureaucrat

hace 7 añosdiscuss

Watching things like this, I think bitcoin could eventually replace the government-backed currency.

Everyone can watch them move. If you spend 1$ from that wallet to buy even a mars bar, your identity will be known to others. How CLEAN and clear is that?

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