Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
altcoinUK
on 11/02/2016, 13:05:49 UTC
Governments would be pro Bitcoin because everything is being recorded in the blockchain

Correct. That's why Bitcoin is a God given gift to the the government and tax man. That's why there are conspiracy theories - which I don't subscribe to - that Sathosi is an NSA creation.

On the other hand, I don't agree with conspiracy theories that government will make Bitcoin big just to have this centralized place for tax collection i.e. intentionally make Bitcoin very big as some theory advocates it. Government don't have to do that - they implement the electronic FIAT system anyway, in Europe very-very quickly so they don't need Bitcoin, the electronic FIAT system is their central store of information. That's why I said if for some miraculous reason BTC get bigger then the government will step in, but not before.