Post
Topic
Board Economics
Re: Why Bitcoin has power nowadays ?
by
Fatanut
on 26/06/2017, 10:12:26 UTC
It seems to me that today the only strength for Bitcoin is Independence and the ability to avoid government control. But it seems to me that this order will soon be lost. I observe that many states begin to create their own crypto currency and therefore legalization of bitcoin is inevitable. This will entail certain losses for users.

Which states? I haven't heard states making their own cryptocurrencies and there's no point making a cryptocurrency of their own because they already have digital fiat. Having their own cryptocurrency then broadcasting it to their people will just make people use bitcoin. They will be exposed to cryptocurrencies and eventually find out about bitcoin. It will be a wrong move for the state to do that.

I wouldn't be so shocked, though, if one day a country started using cryptocurrencies as their main currency because it's a lot more convenient to use. Transacting with someone is just one QR code scan away.