2 ms·
Cryptocurrency doesn't cause a government to lose control of its money supply.
by root_axis 8y ago
Cryptocurrency doesn't cause a government to lose control of its money supply.
- cdiddy2 8y agoIt doesn't, but it does bring competition to the government controlled money monopoly. Competition is generally seen as a good thing for the majority of people
- root_axis 8y agoI guess it technically qualifies as competition because it exists, but in reality it isn't at all competitive. If it were, and the government cared to stop it, it could just make its use illegal. That wouldn't kill it, but most people wouldn't use it because there's nothing to gain using it and only to lose (unless you were doing something illegal already).