Quote from: 1Referee on February 16, 2018, 12:21:36 PM

Quote from: makoto_takemiya on February 16, 2018, 06:14:41 AM

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

Correct. It will grant governments more control over people's wealth than ever before, so it's in their advantage to come up with their own crypto currency sooner than later. Imagine how governments will then be in a position where they could just freeze your balances at any time of the day, or give you an instant haircut in case they think it is justified to take that amount from you. Governmental theft and barbary will be upped to the next level that goes beyond all human rights. People are muppets and cash cows of the government already, but with their heavily centralized garbage, people will be pushed into a deeper hole of slavery. One must be stupid to participate in a system like this. Bitcoin is an easy and directly the best possible way to obtain financial freedom, and to finally actually own all your value.

Agreed, government controlled digital currencies (plus digital identities) would pretty much give the government total control over your money, and whether or not you could buy or sell or do any kind of business. The Bible talks of a similar scenario taking place in the End Times. That said, this seems to be a new push in that direction, or at least a new stepping stone along the way to something similar. The push for a cashless society only helps to bring this ever closer to fruition. Some governments have already been talking about creating national cryptocurrencies, and some have even talked about it as a means to get around sanctions, like Venezuela and Iran. With all that said, not so sure that Bitcoin, as much as we love the concept, is the ultimate form of cash, for a few reasons:

A. Try to use Bitcoin when the power's down (either a natural disaster or perhaps martial law?).
B. As technology continues to become more sophisticated, so will hackers' abilities to gain access to your coins.
C. The price is still unstable, and highly affected by news, and manipulated by those with lots of trading power - and imagine if AI bots were trained to take over the market, and do with it as they pleased.
D. Ultimately, BTC is just digital code, it has no intrinsic value (except perhaps making "permanent" records on the digital blockchain).

Just some thoughts,
The Cyberius team.