Quote from: bitart on October 09, 2017, 04:23:49 PM

Quote from: Mometaskers on October 07, 2017, 07:32:56 PM

Quote from: HabBear on October 06, 2017, 07:32:59 PM

Quote from: Mometaskers on October 06, 2017, 06:34:30 PM

Seems bitcoin is even hastening the transition to cashless.

Yep, which doesn't help Bitcoin. It only means these Countries are increasing their oversight and control over their own currency. None of this improves adoption for Bitcoin until people realize that currency owned by government is part of the problem that Bitcoin solves.

What I'm still hoping is that bitcoin would get a large enough distribution before the governments manage to force their population to use their digital fiat. Coz once they do, we all know what other things will follow.

Bitcoin have to reach the masses before the digital fiat time and bitcoin needs to gain enough trust. If some government issued digital currencies start and get mass adoption, the trust in government and banks (which is not backed by any technical or material things, just 'blind' trust in the financial system itself) will give them real advantage.

That's the problem, people trust the gov't much when it comes to finances. I read somewhere that scams are more likely to be successful when they have stuff like "National" in the name. Guess it's the influence of authority at play, like how many nurses would administer anything if it was given by a man wearing a doctor's gown.

Might not be the case if people are educated about economics more but why would the gov't do that?