Quote from: ObscureBean on October 24, 2016, 06:28:34 AM

Quote from: Junko on October 24, 2016, 05:40:58 AM

So basically a centralized digital currency linked to and controlled by the government and thus influenced by central bankers - like what already exists with fiat. "...tied intimately to policy and credit." LOL, good luck with all that.

Actually there is a very good chance it would work, the vast majority of people have no problems with the current system and adding blockchain to the mix is going to be an upgrade and benefit everyone by increasing transparency, efficiency and lowering costs/fees. A government backed coin would be far easier for the masses to adopt than Bitcoin.

Except that with more transparency people could have more insight into how money and credit work, and there would be a risk that they might begin to ask more questions or complain more