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The main reason is that its not 2012 any more and the executive branches already know what crypto is and won't spend resources on that war of attrition. The do
by deltateam 8y ago
The main reason is that its not 2012 any more and the executive branches already know what crypto is and won't spend resources on that war of attrition.
The do-ers in government already know that their available tools to stop crypto would only slow it down as it routes around them.
The legislative branch could easily take a less educated reaction, and you saw that in 2011-2012 in the US. In the meantime, crypto grew faster than the knee-jerk machinations of government could react and it is already big enough and the officials are more educated about it.
There doesn't need to be a vested interest in the governing institution. Distributed ledgers offer a chance at a more efficient and egalitarian form of governance itself, without invoking the 19th century political ideologies that shaped the 20th century and now prevent anyone from proposing anything radical. Blockchains and DLT currently don't achieve that, and various agencies in the executive branch recognize its ability to offer them benefits and adapt to reach their potential.
- dclowd9901 8y agoI just don't see it happening unless the government itself issues a crypto currency (which it very well could). > There doesn't need to be a vested interest in the governing institution. You seem to believe that currency has no value but what we attribute to it. This is false.
- maneesh 8y agowhat is the value of currency besides the value we attribute to it?
- dclowd9901 8y agoThe price of a standing army, stability of a country's market, faith of its people in its government institutions. If you go blunt with it, you can say that a country is worth, in real terms, its GDP times its predictable future stability in years.