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Bitcoin is not viable. A centralized fiat crypto currency, with the same mechanism as bitcoin except centrally authorized by government authority rather than mi
by Rhapso 12y ago
Bitcoin is not viable. A centralized fiat crypto currency, with the same mechanism as bitcoin except centrally authorized by government authority rather than mined is very viable for a government. All transactions become trackable and every cent in circulation can be accounted for.
- CHY872 12y agoYou don't need or want Bitcoin in that model - the whole point of Bitcoin is that it's decentralised and all transactions are trackable by all parties (but not necessarily destinations). A government would just want essentially our current bank account system, except without paper cash. That'll probably happen sooner or later.
- bhayden 12y agoI don't understand why everyone says stuff like this as though mixers don't exist. BTC is 100% private if you use mixers and multiple wallets, which are painless and easy.