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If a big government seized control of a coin's development, it would surely lose most of its value and users would likely just create a fork which is not under
by shawnz 6y ago
If a big government seized control of a coin's development, it would surely lose most of its value and users would likely just create a fork which is not under that government's control.
- mjburgess 6y agoMiners would try to fork it. Users would be overjoyed, and the user base would grow dramatically. People aren't using bitcoin day-to-day because it lacks a government backing.
- shawnz 6y agoI will reply to this despite the fact that it's an obvious troll and has nothing to do with the topic at hand (this thread isn't even about Bitcoin). People are actually using Bitcoin strictly because it lacks a government backing. For those users who want an asset that is government-backed, there are already lots of options and there is little need for cryptocurrency to try and compete in that space.
- mratsim 6y agoVenezuela has a government-backed cryptocurrency, the Petro, which failed spectacularly: - https://en.wikipedia.org/wiki/Petro_(cryptocurrency) https://en.wikipedia.org/wiki/Petro_(cryptocurrency). In fact colleagues at Status went to Venezuela to check how payments worked there: - https://www.figma.com/community/file/780788775246577039?preview=fullscreen https://www.figma.com/community/file/780788775246577039?prev...