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If nobody believes in fiat anymore, which police and soldiers will be willing to fight for it?

• oblio 5y ago
  The government, you know, that thing that has a million other uses, will always want control over the currency. If the crypto point of view is that no one should control currency, first of all, that's super naive and secondly, that puts it on a collision course with governments. My money's on governments winning.
  • koonsolo 5y ago
    Putting the central bank under direct government control is a very bad idea. That's why most major countries don't allow that. That's pretty recent actually. So in some sense, government is already losing power over money.