Quote from: eloqant on July 06, 2018, 08:16:05 PM

Quote from: cynical on June 10, 2018, 07:50:02 AM

At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.

So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.

Your point with governments trying to control as many money flows as they can is very true. However, bitcoin transactions are not anonymous, rather pseudonymous, and every attempt to convert cryptocurrency to physical goods or money can be traced..

Governments in many countries are seriously studying and accepting Bitcoin as an online currency, a valuable commodity in the market. The advantages of Bitcoin and Blockchain technology should be applied in the financial management and security of governments, which would be a great thing.