"Sure, but what would the point be? It would only be a cryptocurrency in name." It could be used as a way for the government to tie its own hands and thus make

"Sure, but what would the point be? It would only be a cryptocurrency in name." It could be used as a way for the government to tie its own hands and thus make a more credible promise about future the rate of money creation. Ecuador did this in 2000 via dollarization, which introduces other problems which a blockchain would not.