Re: Cameroon Government Is Trying To Rip Off Citizens Via Centralized Altcoin?
The government of Cameroon has implemented a centralized, insecure and potentially dangerous blockchain protocol
and currency Trest in their project to enable the unbanked to transfer money quickly without transaction fees.
Unlike Bitcoin, transactions on the Trest blockchain are not verified by miners or any entity incentivized by the network.
Doesn't it look like the government is trying to rob its own citizens of their money?
Just as predicted by some, governments will not necessary ban Bitcoin, but will not embrace it and instead will create their own cryptos without everything that makes Bitcoin good (decentralized, open source, not tied to any institution..)and currency Trest in their project to enable the unbanked to transfer money quickly without transaction fees.
Unlike Bitcoin, transactions on the Trest blockchain are not verified by miners or any entity incentivized by the network.
Doesn't it look like the government is trying to rob its own citizens of their money?
It's happening guys, get ready for the era of the e-fiat scam.
Spot on!
Congratulations, a government has re-invented the frequent flier mile.