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In order for a this analogy to work, we'd also need to imagine henry ford launching the model T into a market that was dominated by a monopolist whose product w
by lmg643 13y ago
In order for a this analogy to work, we'd also need to imagine henry ford launching the model T into a market that was dominated by a monopolist whose product was carefully manipulated to serve as the basis for all of their society and much of the world, who had a track record of carefully and aggressively guarding that role for decades, and who had the nukes to back them up.
basically - I don't think the US gov't is going to cede the digital currency space quietly.
more important than the anonymity issue facilitating money laundering (which is a consideration) - is preserving the sanctity of the US dollar in world trade. to give one example - most oil is priced in US dollars, around the world. the dollar, including all the manipulative tricks we can pull with the fed, is the basis for our economic power and likely a key driver in all the shenanigans we pull around the world so the government would be complete fools to allow bitcoin or similar to turn into anything other than a science project.