What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?
no you are the first one who came up with this conspiracy theory. congratulations, your big tinfoil hat does work. you should start making more of those and selling them for profit.
in any case the government is never going to create a decentralized currency which is taking the power from them even if they control a large amount of it. and not to mention if they really created bitcoin then they would have never stopped mining it. that doesn't make sense to create it, mine it for a while then go away and let it grow as a decentralized currency and create lots of altcoins some of which are focusing on decentralization and anonymity even!
No this question has come up several times before, https://bitcointalk.org/index.php?topic=329191.0 and https://bitcointalk.org/index.php?topic=726063.0 < Made in the USA >
We would just have to ask the question why they would want to create a pseudo anonymous Crypto currency that are not under their control, if they already have a fiat currency that they can manipulate and also monitor/track and control? They control the money supply and they regulate the flow of money through regulated fiat institutions like Banks. Why would you offer up all that control, to replace it with Crypto currencies that are not under your control?
The only logical answer to this is if you have control, but nobody knows about that.
So I seriously doubt that governments would replace a centralized financial system under their control, for a decentralized Crypto currency system that are not under their control.
If I was the us govt I would do it exactly like bitcoin was implemented. At some point it will be come to big to fail if its not already and then no one will care who has the first mined coins. We dont know who the initial developers are. Or who they really work for! Congrats to OP for questioning this. Dont be intimidated by those that cant think for themselves and have to throw the tin foil hat at ya. Keep questioning everything the truth sets you free
BR