Post
Topic
Board Bitcoin Discussion
Re: Discussions about digital currencies in some countries. What future for bitcoin?
by
Mickeyb
on 13/10/2015, 11:54:29 UTC
Are there coins (if created) a risk for bitcoin? Can compete bitcoin with these coins which will be supported by the most important Authorities of every country?

They'll be about as much of a threat as Mintchip was.  We already use digital currencies supported by the authorities of every country, it's called having a bank account.  Whatever they end up creating will have literally no perceivable benefit to anyone beyond what we've already got today.  No system with an unlimited monetary supply, central points of failure, and inherent shortcomings with fungibility and censorship (which is exactly what they'll come up with) will look like it's worth anything compared to Bitcoin.  All they can do is create a pale and crippled imitation.  There's no contest.

I completely agree with you. Let me add that banksters and governments are a bunch of greedy idiots. They will not stop. They will realize that their digital tokens give them much more possibility of control than paper money as we know it at the moment. When they realize this, they will go all in and they will make people complete slaves. If ever, people will realize at this moment that their governments are there only to rip the skin off of their backs.