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No, specifically unlike decentralized systems that are carefully engineered to prevent abuse. > A govt managed bank account will never be accepted or adopted.
by noodles_nomore 5y ago
No, specifically unlike decentralized systems that are carefully engineered to prevent abuse.
> A govt managed bank account will never be accepted or adopted.
In my opinion you are severely underestimating the capabilities of the system to get it's way through targeted propaganda, deception and, if nothing helps, wriggling and wrangling. If it isn't prevented from the outset, it will happen.
- verdverm 5y agoMight be helpful if we talk about all the various types of abuse that can happen https://blog.mollywhite.net/abuse-on-the-blockchain-lecture/ https://blog.mollywhite.net/abuse-on-the-blockchain-lecture/ --- Over or under estimates depend on the country. The eCNY, sure, the eUSD, no, the eNiara, not sure. It's more evident that the crypto propaganda has mislead people. No one wants their financial history on a public forum. That makes it ripe for abuse by anyone, not just by the govt. It will be very hard to convince the masses in the US to use a govt managed bank account.