Governments are unable and unwilling to do anything in a decentralized nature. The current system is a fiat-based cryptocurrency issued by the central banks. You can see the addresses on your checkbooks and credit cards. Their best efforts have all but failed.
maybe there is financial viability in banks using a cryptocurrency based system instead of current infrastructure to look after the transactions.. to enable them to mimic bitcoin in features such as international transactions. . but the transparency.. . and the philosophy . . and the very nature of the design . . . is kind of lost.. don't you think? like .. I'm sure they can come up with a better - more manipulated/able - alternative? which is what they would prefer of course. Being private profit-driven corporations. Anyway, the old money in banking will probably never understand what Bitcoin stands for. What world it shines a light on.
Well said.
This is why I pose the question.
The new Govcoin currency would replace fiat, but not gold or Bitcoin.
It would not embody the fundamentals of sound money.
But, by the power of the State, it may succeed.
So if this were to occur, where would it first happen, and would it succeed?
Canada is trying to do this.