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This isn't different from what we have now with central banking except you threw blockchain in for some reason. What value does that add?
by choward 6y ago
This isn't different from what we have now with central banking except you threw blockchain in for some reason. What value does that add?
- Salgat 5y agoThe biggest advantage, from the government's perspective, is tighter control over the money supply and over transactions. A blockchain with a centralized authority is able to do unique things like forcibly remove money from someone's address and freeze an address from sending/receiving, all near-instantly. Hard to track and freeze money when it's a bag of cash in a criminal organization's possession.