No country will give up its absolute power over the issuance of money. That would mean politicians, banksters, and taipans would have to give up their power.
Never will be,
not unless we decapitate them with technology. And Bitcoin can't be it, it doesn't have anonymity.Bitcoin cant become currency for your stated reason. The majority of bitcoiners believe it will.
I agree with the bolded statement (in part). However no cryptocurrency will ever be anonymous and thus become currency. If somebody has a hugely successful business and no transactions are shown in yuan (at his local bank account) (or any other government currency) it will be obvious that he is using cryptocurrencies instead of yuan.
EDIT: I believe bitcoins price will collapse as I dont see Bitcoin being used as a store of value (or as a currency as explained above).
Creating and selling digital works, such as computer code or object designs downloaded and output on a 3D printer, could in theory be entirely anonymous.
No cryptocurrencies cant be anonymous (not bitcoin not altcoins). Businesses are always public. If you have lots of customers you have to show lots of profit.
I've been building a different future. One where we will build zillion different tweaks to each app, each a different programmer and vendor.
Also the only reason a popular software item couldn't be sold anonymously, is the receiving address is conspicuous. Then everyone could be watching for spends on that address and trying to correlate who owns that address.Yet if the spender remains anonymous, the conspicuous address doesn't reveal identity.They will execute you if this is the case.
They can't execute if they don't know the identity.
So bitcoin or cryptocurrencies only have value if your particular vision of the future materializes? Laughing out loudly!
Again even if we have very small businesses (which goes against the best company gaining ground and increasing in size in a competitive market, see google, facebook) you still have the problem.
For exampe: You have a nice house and a car. Thats in the real world now Antony! Not in your software cryptocurrency world. Where did you get that house? How did you finance that car? Cant show how you did via your bank account in government currency? Off to jail with your sorry ass! Get how that works? Every single individual who lives inside the territory of that government can be controlled in this manner! In does not matter if in future businesses will be smaller (which is a real stretch anyways).
I bought the house and car with the portion of my income I reveal and paid tax on.
You haven't made a point yet. Keep trying.
Fail. If I cant use the portion of my income to buy stuff I want it effectively is worth nothing.
Again if you have customers Anony and you cant show where all your profit went you will go off to prison. Your business does not have to be a monoliths society!!! Small and medium sized businesses are also under attack.
Wow you are really stubborn.
I already told you that I can declare the portion of my income that I want to justify my tangible assets.
And the rest of my earnings I can spend anonymously on other virtual goods to increase my empire of knowledge.
I am not stubborn. I just think you are wrong. Actually answer my points.
You basically said: Ohh the wealth I dont disclose is not useless as I can buy virtual goods! Again thats not very convincing as most people like to buy goods in the real world: Food (largest percentage of income for poorer families), property, transport, education, hardware (laptops), vacation.
Also: A business with customers has to explain where its money went that it received. Get that in your head. Your argument: Ohh you assume that we will be a monolith society. Firstly, yes I continue to believe that businesses will compete and the most successful will be the largest. You fail to make a point why this wont be the case. Even if we have lots of medium sized business they will have to explain where the money went that customers obviously are spending.
Try again.
I provided a link in the prior post for you to educate yourself.