Quote from: hugeblack on July 22, 2018, 06:18:09 AM

Quote from: cryptowaltz on July 22, 2018, 05:30:37 AM

With so many new blockchains coming on a daily basis, do you think there will also be a time when government will decide to open a public blockchain ? If yes, would they prefer to operate identity based blockchain or something else ?

I do not expect a complete abandonment of the paper money at the moment. If there is the possibility of using the Blockchain by the central banks, I do not think there is anything that prevents governments from creating their own cryptos.
Definitely will not be anonymous currencies and users will be linked to their ID.
Nor do I expect there to be a high transparency for each system.

Besides, i'm sure government will :
1. Checking all transaction (just like bank today) and could deny/censorship transaction on specific case such as unusual high amount or send to people/organization with bad reputation in government eyes.
2. Only government could push/add new transaction, while citizens at most can see whole blockchain.
3. Reverse/delete transaction, which totally kill the idea of blockchain

Basically, it's not much different with today's system.

Quote from: burgerpatty on July 22, 2018, 05:34:26 AM

Quote from: cryptowaltz on July 22, 2018, 05:30:37 AM

If governments own identity based blockchain, government will be able to monetize this data and help the world become tax free ? Anyways people are talking about 'basic universal income' in the world of Artifical Intelligence (future).

You should be able to monetize your data.. Government monetizing your data doesnt makes sense to me..

True, but that already happen today. Even if people know about it, most of them doing nothing anyway.