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The government authority doesn't go away just because cryptocurrency exists. Unless cryptocurrency somehow replaces fiat entirely, which seems unlikely. And eve
by DennisP 4y ago
The government authority doesn't go away just because cryptocurrency exists. Unless cryptocurrency somehow replaces fiat entirely, which seems unlikely. And even if that happened, governments could do the same by way of taxes.
- hitpointdrew 4y ago> Unless cryptocurrency somehow replaces fiat entirely, which seems unlikely. No the central banks of the world are all working on fiat crypto, so we'll get the worst of both worlds.
- dsr_ 4y ago"fiat crypto", or if you prefer, digital currency, will neither be proof-of-work nor proof-of-stake. Neither mechanism is needed when there is a single trusted authority.
- hitpointdrew 4y ago
- lovich 4y agoRelative to random individuals it seems like a democratic form of government at least, has several advantages Did society fall apart when current fiat currency with the government as the central trusted authority was adopted?
- deleted 4y ago[deleted]
- codehalo 4y agoA "single authority", not a "single trusted authority".
- dsr_ 4y ago"trusted" doesn't mean you want to, but that you have to.